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Sales revenues of ASEE Group in Q1 2023 up 21%

The company published financial results for Q1 2023 according to which double digit growth in sales revenues was generated by each of 3 business units

Warsaw, 27 April 2023 r.: ASEE Group (GPW: ASEECOSEE, ASE) has announced first-quarter 2023 financial results according to which the company recorded 21% increase in sales revenues compared with the same period of 2022 generating EUR 80.9 million sales revenues.

The biggest increase in sales revenues in Q1 2023 compared with the corresponding period of 2022 was achieved by Dedicated solutions and Banking solutions and reached EUR 28.7 million and EUR 15.4 million respectively, up 29% in Dedicated solutions and up 26% in Banking solutions. Whereas the biggest sales revenues were generated by Payment solutions totaling EUR 36.5 million, up 12% compared with Q1 of 2022.

Operating profit of ASEE Group in Q1 2023 amounted to EUR 10.7 million and EBITDA EUR 15.5 million, up 8% and 6% respectively. 

Consolidated net profit of ASEE Group in Q1 2023 totaled EUR 10.1 million, up EUR 1.5 million (18%), compared with a corresponding period of the previous year.

Backlog in revenues for Q2 2023 of ASEE Group amounted to EUR 81.1 million, up 6% compared to Q2 2022.

 - Further improvement of financial performance of ASEE Group in Q1 2023 results mainly from the growth in Dedicated and Banking solutions. Moreover it was a very good quarter for POS related services and card processing business lines in Payment solutions -  commented Piotr Jeleński, ASEE & Payten CEO.

About ASEE

ASEE Group is one of the biggest IT companies in the area of production and implementation of its own software solutions and services in the region of South Eastern Europe, Turkey, Spain, Portugal, Andorra, Colombia, Peru, Dominican Republic, Slovakia and Czech Republic. The Company provides ICT solutions for various industry verticals including the financial sector, payment sector, public administration and telecoms. The company provides products and services within Payment business under Payten name. Since October 2009, the shares of Asseco South Eastern Europe (WSE: ASEECOSEE, ASE) have been listed on the Warsaw Stock Exchange. ASEE Group employs over 3,800 people in 23 countries. More than 10 banks out of the 15 largest ones in southeastern Europe are already clients of ASEE.


Monika Perek, CMO

Asseco South Eastern Europe S.A.

Ul.Branickiego 13

02-972 Warszawa

Tel.: +48 22 574 86 38