Poland · Delayed Price · Currency is PLN Asseco Poland Earnings Call Transcripts
Fiscal Year 2025
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Record net profit and double-digit revenue growth were achieved, driven by organic expansion and the Sapiens sale. Strong cash flow supports a higher-than-expected dividend, while selective M&A and AI integration remain strategic priorities.
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Revenue grew 11% year-over-year to PLN 12.3 billion, with net profit up 29% and strong performance across all segments. Sale of Sapiens stake and multiple acquisitions marked significant developments, while a robust backlog and improved profitability support an optimistic outlook for 2026.
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H1 2025 saw robust growth with revenue up 8% and net profit up 23% year-over-year, driven by proprietary software, strong public sector demand, and 13 acquisitions. Profitability and cash flow improved across all segments, with a positive outlook supported by a large order backlog.
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Q1 2025 delivered robust growth with sales up 8% and net profit up 9% year-over-year, driven by strong performance across all segments and successful M&A activity. Margins improved, cash conversion remained high, and the backlog reached PLN 12.5 billion.
Fiscal Year 2024
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Record net profit and sales were achieved despite currency headwinds and higher tax rates, with strong growth across all segments and continued acquisition activity. Dividend payout is set to rise, and the order backlog for 2025 signals further growth.
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Revenue grew to PLN 12.6 billion with strong non-IFRS profit growth, driven by core segments and 11 acquisitions. Backlog and cash conversion remain robust, supporting a positive outlook for Q4 and 2025, despite currency and geopolitical headwinds.
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H1 2024 delivered 6% profit growth (ex-FX), with PLN 8.4B sales and a 7% higher order backlog. Acquisitions expanded reach, while strong performance in payments, ERP, and public sectors offset FX headwinds and higher interest costs.