Declared Dividend • May 20
Dividend of zł1.95 announced Shareholders will receive a dividend of zł1.95. Ex-date: 23rd June 2026 Payment date: 1st July 2026 Dividend yield will be 14%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (47% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annonce • May 07
Asseco South Eastern Europe S.A., Annual General Meeting, Jun 01, 2026 Asseco South Eastern Europe S.A., Annual General Meeting, Jun 01, 2026, at 13:00 Central European Standard Time. Annonce • May 02
Asseco South Eastern Europe S.A. to Report First Half, 2026 Results on Jul 31, 2026 Asseco South Eastern Europe S.A. announced that they will report first half, 2026 results on Jul 31, 2026 Annonce • Feb 10
Asseco South Eastern Europe S.A. to Report Fiscal Year 2025 Results on Feb 25, 2026 Asseco South Eastern Europe S.A. announced that they will report fiscal year 2025 results on Feb 25, 2026 Annonce • May 09
Asseco South Eastern Europe S.A., Annual General Meeting, Jun 04, 2025 Asseco South Eastern Europe S.A., Annual General Meeting, Jun 04, 2025. Reported Earnings • Oct 24
Third quarter 2024 earnings released: EPS: zł1.04 (vs zł1.21 in 3Q 2023) Third quarter 2024 results: EPS: zł1.04 (down from zł1.21 in 3Q 2023). Revenue: zł444.8m (up 12% from 3Q 2023). Net income: zł54.0m (down 14% from 3Q 2023). Profit margin: 12% (down from 16% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 04
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: zł397.6m (up 5.9% from 2Q 2023). Net income: zł40.1m (down 15% from 2Q 2023). Profit margin: 10% (down from 13% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 05
Upcoming dividend of zł1.65 per share Eligible shareholders must have bought the stock before 12 June 2024. Payment date: 20 June 2024. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of German dividend payers (4.5%). Higher than average of industry peers (2.3%). Reported Earnings • Apr 25
First quarter 2024 earnings released First quarter 2024 results: Revenue: zł367.1m (down 3.4% from 1Q 2023). Net income: zł47.0m (up 3.3% from 1Q 2023). Profit margin: 13% (in line with 1Q 2023). Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the IT industry in Germany. Annonce • Apr 11
Asseco South Eastern Europe S.A., Annual General Meeting, May 07, 2024 Asseco South Eastern Europe S.A., Annual General Meeting, May 07, 2024, at 10:00 Central European Standard Time. Reported Earnings • Feb 29
Full year 2023 earnings released: EPS: zł3.86 (vs zł3.63 in FY 2022) Full year 2023 results: EPS: zł3.86 (up from zł3.63 in FY 2022). Revenue: zł1.64b (up 4.9% from FY 2022). Net income: zł200.4m (up 6.4% from FY 2022). Profit margin: 12% (in line with FY 2022). Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the IT industry in Germany. Buy Or Sell Opportunity • Feb 17
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 19% to €11.75. The fair value is estimated to be €9.71, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 20%. Annonce • Feb 16
Asseco South Eastern Europe S.A. Recommends Dividend for Year the 2023 Asseco South Eastern Europe S.A. recommended the payment of a PLN 1.65 (EUR 0.38) dividend per share from the 2023 profit, the company said in a market filing. Annonce • Dec 22
Asseco South Eastern Europe S.A. (WSE:ASE) acquired unknown majority stake in Dwelt d.o.o. Asseco South Eastern Europe S.A. (WSE:ASE) acquired unknown majority stake in Dwelt d.o.o. on December 21, 2023.Asseco South Eastern Europe S.A. (WSE:ASE) completed the acquisition of unknown majority stake in Dwelt d.o.o. on December 21, 2023. Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: zł1.21 (vs zł0.97 in 3Q 2022) Third quarter 2023 results: EPS: zł1.21 (up from zł0.97 in 3Q 2022). Revenue: zł398.3m (down 5.0% from 3Q 2022). Net income: zł62.5m (up 24% from 3Q 2022). Profit margin: 16% (up from 12% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the IT industry in Germany. Reported Earnings • Aug 03
Second quarter 2023 earnings released: EPS: zł0.91 (vs zł1.23 in 2Q 2022) Second quarter 2023 results: EPS: zł0.91 (down from zł1.23 in 2Q 2022). Revenue: zł375.5m (up 7.3% from 2Q 2022). Net income: zł47.1m (down 26% from 2Q 2022). Profit margin: 13% (down from 18% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the IT industry in Germany. Upcoming Dividend • Jun 22
Upcoming dividend of zł1.46 per share at 3.1% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 13 July 2023. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.2%). Annonce • May 31
Asseco South Eastern Europe S.A., Annual General Meeting, Jun 22, 2023 Asseco South Eastern Europe S.A., Annual General Meeting, Jun 22, 2023, at 11:00 Central European Standard Time. Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: zł0.88 (vs zł0.75 in 1Q 2022) First quarter 2023 results: EPS: zł0.88 (up from zł0.75 in 1Q 2022). Revenue: zł380.1m (up 22% from 1Q 2022). Net income: zł45.5m (up 16% from 1Q 2022). Profit margin: 12% (in line with 1Q 2022). Revenue is forecast to grow 4.6% p.a. on average during the next 2 years, compared to a 9.2% growth forecast for the IT industry in Germany. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: zł0.97 (vs zł0.73 in 3Q 2021) Third quarter 2022 results: EPS: zł0.97 (up from zł0.73 in 3Q 2021). Revenue: zł419.5m (up 59% from 3Q 2021). Net income: zł50.3m (up 33% from 3Q 2021). Profit margin: 12% (down from 14% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 10% growth forecast for the IT industry in Germany. Reported Earnings • Aug 19
Second quarter 2022 earnings released: EPS: zł1.25 (vs zł0.64 in 2Q 2021) Second quarter 2022 results: EPS: zł1.25 (up from zł0.64 in 2Q 2021). Revenue: zł349.4m (up 28% from 2Q 2021). Net income: zł65.0m (up 95% from 2Q 2021). Profit margin: 19% (up from 12% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 8.8%, compared to a 15% growth forecast for the IT industry in Germany. Annonce • Jun 29
Asseco South Eastern Europe S.A. (WSE:ASE) acquired unknown majority stake in BITHAT SOLUTIONS SRL. Asseco South Eastern Europe S.A. (WSE:ASE) acquired unknown majority stake in BITHAT SOLUTIONS SRL on June 27, 2022. Cristian Popescu and Cristina Marcu of Dentons assisted Asseco and coordinated all legal aspects of the acquisition, from the extended due diligence to the drafting and negotiation of the transaction documents.
Asseco South Eastern Europe S.A. (WSE:ASE completed the acquisition of unknown majority stake in BITHAT SOLUTIONS SRL on June 27, 2022. Annonce • Jun 22
ASSECO SEE Announces Dividend for the Year of 2021, Payable on July 12, 2022 ASSECO SEE - Listed IT firm Asseco SEE, a unit of Asseco Poland, will pay out a dividend of PLN 1.28 per share, or a total of PLN 66.4 million, from 2021 profits of PLN 100.4 million, the company said in a market filing with a GM resolution. Rights will be set on June 29, 2022 and the payment made on July 12, 2022. Upcoming Dividend • Jun 21
Upcoming dividend of zł1.28 per share Eligible shareholders must have bought the stock before 28 June 2022. Payment date: 12 July 2022. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of German dividend payers (4.5%). Higher than average of industry peers (1.6%). Annonce • May 31
Asseco South Eastern Europe S.A., Annual General Meeting, Jun 21, 2022 Asseco South Eastern Europe S.A., Annual General Meeting, Jun 21, 2022, at 11:00 Central European Standard Time. Reported Earnings • May 01
First quarter 2022 earnings released First quarter 2022 results: Revenue: zł311.2m (up 23% from 1Q 2021). Net income: zł39.1m (up 23% from 1Q 2021). Profit margin: 13% (in line with 1Q 2021). Over the next year, revenue is forecast to grow 11%, compared to a 19% growth forecast for the industry in Germany. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improved over the past week After last week's 15% share price gain to €11.10, the stock trades at a trailing P/E ratio of 18.1x. Average forward P/E is 28x in the IT industry in Germany. Annonce • Dec 07
Asseco South Eastern Europe S.A. (WSE:ASE) acquired an unknown majority stake in BS Telecom Solution. Asseco South Eastern Europe S.A. (WSE:ASE) acquired an unknown majority stake in BS Telecom Solution on December 6, 2021. The transaction was approved by Bosnia's competition authority.
Asseco South Eastern Europe S.A. (WSE:ASE) completed the acquisition of an unknown majority stake in BS Telecom Solution on December 6, 2021. Reported Earnings • Oct 30
Third quarter 2021 earnings released: EPS zł0.73 (vs zł0.61 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: zł264.3m (up 16% from 3Q 2020). Net income: zł37.7m (up 20% from 3Q 2020). Profit margin: 14% (in line with 3Q 2020). Annonce • Sep 25
Asseco South Eastern Europe S.A. (WSE:ASE) acquired IT Sistemi. Asseco South Eastern Europe S.A. (WSE:ASE) acquired IT Sistemi on September 23, 2021. As part of acquisition Asseco acquired eVision which is 100% owned by IT Sistemi. Current leaders Damir Popovic and Zvonimir Mavretic still remain in the management of the companies.
Asseco South Eastern Europe S.A. (WSE:ASE) completed the acquisition of IT Sistemi on September 23, 2021. Reported Earnings • Aug 06
Second quarter 2021 earnings released: EPS zł0.64 (vs zł0.52 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: zł273.0m (up 17% from 2Q 2020). Net income: zł33.4m (up 24% from 2Q 2020). Profit margin: 12% (in line with 2Q 2020). Reported Earnings • May 01
First quarter 2021 earnings released: EPS zł0.61 (vs zł0.45 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: zł252.8m (up 9.4% from 1Q 2020). Net income: zł31.7m (up 35% from 1Q 2020). Profit margin: 13% (up from 10% in 1Q 2020). The increase in margin was driven by higher revenue. 
