Duyuru • Apr 01
Asseco Poland S.A., Annual General Meeting, May 14, 2025 Asseco Poland S.A., Annual General Meeting, May 14, 2025. Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: zł1.61 (vs zł1.48 in 2Q 2023) Second quarter 2024 results: EPS: zł1.61. Revenue: zł4.15b (flat on 2Q 2023). Net income: zł110.0m (down 10% from 2Q 2023). Profit margin: 2.7% (down from 2.9% in 2Q 2023). Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Germany. Upcoming Dividend • Jun 13
Upcoming dividend of zł3.66 per share Eligible shareholders must have bought the stock before 20 June 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 4.4%. Lower than top quartile of German dividend payers (4.5%). Higher than average of industry peers (1.2%). Duyuru • Jun 13
Asseco Poland S.A. Announces Dividend for the Year 2023, Payable on June 28, 2024 Asseco Poland S.A. announced its general meeting has decided to allocate PLN 249.6 million (EUR 57.6 million) from its 2023 profit for dividend, which translates into PLN 3.66 (EUR 0.84) per share. The remaining part of the net profit for 2023 of PLN 102.5 million (EUR 23.7 million) will be allocated to the reserve capital. The dividend date is set for June 21, 2024 and the payment date for June 28, 2024. From 2022 profit, the company paid out dividend of PLN 290.5 million (EUR 67 million) or PLN 3.5 (EUR 0.81) per share. Reported Earnings • May 30
First quarter 2024 earnings released: EPS: zł1.84 (vs zł1.30 in 1Q 2023) First quarter 2024 results: EPS: zł1.84 (up from zł1.30 in 1Q 2023). Revenue: zł4.25b (down 2.0% from 1Q 2023). Net income: zł125.2m (up 16% from 1Q 2023). Profit margin: 2.9% (up from 2.5% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 9% per year. Declared Dividend • May 20
Dividend of zł3.66 announced Shareholders will receive a dividend of zł3.66. Ex-date: 20th June 2024 Payment date: 28th June 2024 Dividend yield will be 18%, which is higher than the industry average of 1.5%. Sustainability & Growth Dividend is covered by both earnings (61% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has increased by an average of 3.8% 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. EPS is expected to grow by 18% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Duyuru • May 17
Asseco Poland S.A., Annual General Meeting, Jun 12, 2024 Asseco Poland S.A., Annual General Meeting, Jun 12, 2024. Reported Earnings • Mar 29
Full year 2023 earnings released: EPS: zł6.12 (vs zł6.06 in FY 2022) Full year 2023 results: EPS: zł6.12. Revenue: zł16.9b (down 2.7% from FY 2022). Net income: zł482.8m (down 4.0% from FY 2022). Profit margin: 2.9% (in line with FY 2022). Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Software industry in Germany. Duyuru • Mar 28
Asseco Poland Recommends Dividend Payout for 2023 Asseco Poland's supervisory board has given a positive opinion on the management board's proposal to pay a PLN 3.66 (EUR 0.85) apiece dividend for 2023. A total of PLN 249.6 million (EUR 57.8 million) is to be distributed. New Risk • Feb 11
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 54% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Duyuru • Nov 29
Asseco Poland S.A. Announces CEO Changes Asseco Group CEO Adam Goral has indicated that Rafal Kozlowski will replace him in the future, Goral told PAP Biznes. Rafal Kozlowski has been president of Asseco Enterprise Solutions since December 2020. From 2012 to March 2021, he was deputy CEO and CFO of Asseco Poland. Reported Earnings • Nov 27
Third quarter 2023 earnings released: EPS: zł1.40 (vs zł1.54 in 3Q 2022) Third quarter 2023 results: EPS: zł1.40 (down from zł1.54 in 3Q 2022). Revenue: zł4.10b (down 8.9% from 3Q 2022). Net income: zł113.7m (down 11% from 3Q 2022). Profit margin: 2.8% (in line with 3Q 2022). Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 6% per year. Reported Earnings • Aug 28
Second quarter 2023 earnings released: EPS: zł1.47 (vs zł1.70 in 2Q 2022) Second quarter 2023 results: EPS: zł1.47 (down from zł1.70 in 2Q 2022). Revenue: zł4.18b (down 1.3% from 2Q 2022). Net income: zł122.4m (down 13% from 2Q 2022). Profit margin: 2.9% (down from 3.3% in 2Q 2022). Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jun 09
Upcoming dividend of zł3.50 per share at 4.2% yield Eligible shareholders must have bought the stock before 16 June 2023. Payment date: 28 June 2023. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.6%). Duyuru • May 09
Asseco Poland S.A., Annual General Meeting, May 30, 2023 Asseco Poland S.A., Annual General Meeting, May 30, 2023, at 12:00 Central European Standard Time. Duyuru • Feb 02
Asseco Poland S.A. to Report Q1, 2023 Results on May 24, 2023 Asseco Poland S.A. announced that they will report Q1, 2023 results on May 24, 2023 Reported Earnings • Nov 25
Third quarter 2022 earnings released: EPS: zł1.54 (vs zł1.45 in 3Q 2021) Third quarter 2022 results: EPS: zł1.54 (up from zł1.45 in 3Q 2021). Revenue: zł4.50b (up 28% from 3Q 2021). Net income: zł127.5m (up 5.9% from 3Q 2021). Profit margin: 2.8% (down from 3.4% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Sep 01
Second quarter 2022 earnings released: EPS: zł1.23 (vs zł1.68 in 2Q 2021) Second quarter 2022 results: EPS: zł1.23 (down from zł1.68 in 2Q 2021). Revenue: zł293.5m (down 92% from 2Q 2021). Net income: zł102.1m (down 27% from 2Q 2021). Profit margin: 35% (up from 4.0% in 2Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 113%, compared to a 7.8% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Duyuru • Jul 07
Asseco Poland Appoints Grzegorz Bartler as Deputy Chairman Asseco Poland has appointed Grzegorz Bartler as deputy chairman of the management board until 2026, reports Telko.in. Bartler has been a member of the management board and CTO at cable operator Netia since 2018. From 2010, Bartler worked as director of the department of business intelligence at Polkomtel. Upcoming Dividend • Jun 02
Upcoming dividend of zł3.36 per share Eligible shareholders must have bought the stock before 09 June 2022. Payment date: 21 June 2022. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 4.4%. Within top quartile of German dividend payers (4.2%). Higher than average of industry peers (2.0%). Reported Earnings • May 29
First quarter 2022 earnings released: EPS: zł1.30 (vs zł1.23 in 1Q 2021) First quarter 2022 results: EPS: zł1.30 (up from zł1.23 in 1Q 2021). Revenue: zł4.08b (up 22% from 1Q 2021). Net income: zł107.9m (up 5.4% from 1Q 2021). Profit margin: 2.6% (down from 3.1% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 1.4%, compared to a 12% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 13% per year. Duyuru • May 26
Asseco Poland Announces Dividend from 2021 Earnings, Payable on June 21, 2022 Asseco Poland will pay PLN 3.36 Dividend per share from 2021 earnings, or PLN 278.9 million in total, in line with an earlier management recommendation, the company said in a filing citing an adopted GM resolution. The remaining PLN 42.0 million will go to retained earnings. Dividend rights will be set on June 10, with payment to follow on June 21. Asseco Poland paid PLN 3.11 Dividend per share last year. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment improved over the past week After last week's 16% share price gain to €15.90, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 29x in the Software industry in Germany. Total returns to shareholders of 47% over the past three years. Reported Earnings • Nov 25
Third quarter 2021 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2021 results: EPS: zł1.45 (up from zł1.10 in 3Q 2020). Revenue: zł3.50b (up 19% from 3Q 2020). Net income: zł120.4m (up 33% from 3Q 2020). Profit margin: 3.4% (up from 3.1% in 3Q 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.2%. Over the next year, revenue is forecast to grow 4.3%, compared to a 29% growth forecast for the 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 increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS zł1.68 (vs zł1.15 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: zł3.45b (up 21% from 2Q 2020). Net income: zł139.4m (up 47% from 2Q 2020). Profit margin: 4.0% (up from 3.3% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 29
First quarter 2021 earnings released: EPS zł1.23 (vs zł0.98 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: zł3.34b (up 14% from 1Q 2020). Net income: zł102.4m (up 25% from 1Q 2020). Profit margin: 3.1% (up from 2.8% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Duyuru • May 28
Naum Babayev acquired R-Style Softlab JSC from Asseco Poland S.A. (WSE:ACP). Naum Babayev acquired R-Style Softlab JSC from Asseco Poland S.A. (WSE:ACP) on May 27, 2021. R-Style Softlab closed 2020 with a net profit of 8.79 million rubles on revenue of 1.248 billion rubles.
Naum Babayev completed the acquisition of R-Style Softlab JSC from Asseco Poland S.A. (WSE:ACP) on May 27, 2021. Upcoming Dividend • May 26
Upcoming dividend of zł3.11 per share Eligible shareholders must have bought the stock before 02 June 2021. Payment date: 18 June 2021. Trailing yield: 4.1%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (1.6%). Duyuru • May 05
Asseco Poland IT Provides Earnings Guidance for the First Quarter of 2021 Asseco Poland IT provided earnings guidance for the first quarter of 2021. For the quarter, the company expects attributable net profit of PLN 101.9 million. Reported Earnings • Mar 26
Full year 2020 earnings released: EPS zł4.84 (vs zł3.88 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: zł12.2b (up 14% from FY 2019). Net income: zł401.9m (up 25% from FY 2019). Profit margin: 3.3% (up from 3.0% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 16
New 90-day high: €15.40 The company is up 7.0% from its price of €14.42 on 18 November 2020. The German market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €39.08 per share. Duyuru • Feb 02
Asseco Poland S.A. to Report Q3, 2021 Results on Nov 23, 2021 Asseco Poland S.A. announced that they will report Q3, 2021 results on Nov 23, 2021 Is New 90 Day High Low • Jan 19
New 90-day high: €15.30 The company is up 4.0% from its price of €14.72 on 21 October 2020. The German market is up 10.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Software industry, which is down 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €22.24 per share. Reported Earnings • Nov 26
Third quarter 2020 earnings released: EPS zł1.10 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: zł2.94b (up 7.3% from 3Q 2019). Net income: zł90.9m (up 16% from 3Q 2019). Profit margin: 3.1% (up from 2.9% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Oct 29
New 90-day low: €13.14 The company is down 11% from its price of €14.72 on 30 July 2020. The German market is down 5.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Software industry, which is down 28% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €23.36 per share. Is New 90 Day High Low • Oct 12
New 90-day low: €14.44 The company is down 4.0% from its price of €15.08 on 14 July 2020. The German market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €24.75 per share.