In 2024, Asseco Group achieved PLN 17.1 billion in sales revenue, of which PLN 13.5 billion came from the sale of its proprietary IT products and services. Operating profit rose by 10% year-on-year, reaching PLN 1.8 billion, while the net profit attributable to shareholders of the parent company hit an all-time high of PLN 520 million, up 8% from 2023. Asseco continued expanding its international operations, supported by 14 acquisitions completed over the past year.
Strong Geographic Diversification
Asseco’s results in 2024 demonstrated strong geographic diversification. Revenue in the Asseco Poland segment grew by 4% year-on-year, exceeding PLN 2.1 billion. Activities focused on delivering high-quality software and services to ensure business continuity for the financial sector, executing strategic public sector projects, and continuing work in the energy and healthcare sectors.
International markets, represented by the Formula Systems and Asseco International segments, accounted for 88% of the Group’s total revenue.
- Formula Systems generated nearly PLN 11.0 billion in sales. Excluding foreign exchange effects, this represents a 5% increase over 2023. Group companies executed contracts in key areas such as cybersecurity, healthcare, and transport, strengthening their positions through both organic growth and acquisitions.
- Asseco International reported PLN 4.1 billion in revenue. After adjusting for currency effects, revenue was 7% higher than the previous year. Notable growth came from Asseco South Eastern Europe, especially in the payments sector, and from increased ERP solution sales via Asseco Enterprise Solutions. In Asseco Central Europe, companies in Czechia and Slovakia successfully delivered projects for public institutions, healthcare, and banking sectors.
Strategic Vision and Global Expansion
“2024 was a record year for Asseco. We achieved the highest net profit in our more than 30-year history. These results confirm that our strategy — focused on proprietary software and related services, along with strong diversification — supports stable growth. After excluding currency effects, our revenue increased by 6% and operating profit by 14%. This is a remarkable success given the external conditions we operate in,” said Adam Góral, CEO of Asseco Poland.
He added: “In 2024, we acquired 14 companies operating in the U.S., India, Portugal, and Israel. Since our debut on the Warsaw Stock Exchange in 2004, over 150 companies have joined the Group. Today, Asseco employs nearly 34,000 people in over 60 countries across six continents.”
Outlook for 2025 and Dividend Announcement
Asseco’s consolidated order backlog for 2025 in proprietary software and services currently stands at over PLN 10.8 billion, representing a 9% increase compared to the same period last year (adjusted to constant exchange rates).
“In 2025, our priority remains maintaining a leading role in the digital transformation of banking, energy, telecom, healthcare, and public administration sectors. We continue to invest in proprietary products and services, expanding into ERP, payment systems, and trust services. We’re also developing cloud competencies, implementing AI in our solutions, and aiming to strengthen cybersecurity resilience — from national to local levels,” Góral added.
Asseco continues to deliver value to shareholders, having paid out over PLN 3.5 billion in dividends since its IPO. For 2024, the Management Board has recommended a PLN 269 million dividend payout, which translates to PLN 3.94 per share (excluding treasury shares not eligible for dividends).
Source: CEO.com.pl
