Good Mid-term Results Allow for End-year Optimism

A message from Piotr Jeleński

First half of 2018 was good for Asseco SEE Group with sales revenues up 5% compared with first half of the previous year. The biggest contributor to it was Payten where we recorded double-digit sales revenues growth – 15% - out of which major part came from the ATM Related Services business line. These results as well as the backlog (the orders we already received for our products and solutions for 2018), which is 10% bigger than in 2017 allow us to expect growth at the end of this year and look with optimism into the future.

There will be time for summary by end of year but I can say we have started significant investment wave in our teams as well as new solutions. I am glad that more entrepreneurial ideas are popping up and more employees are willing to undertake new initiatives sharing both risk and success.

Over the last months we have been providing our clients with innovative propriety solutions, which enabled them to keep up with the latest market trends or to meet binding regulatory standards. Asseco SEE earned new PCI DSS v3.2 certificate for 3D Secure ACS hosting service, which guarantees highest industry standard services to more than 18 issuing banks using our ACS hosting service to secure online payment transactions for their clients. We prepared a comprehensive offer for implementing instant payments on the Serbian market. Also, we facilitated mbanking at Sberbank in B&H through implementing mCash service.

Asseco South Eastern Europe has also been listed as a Representative Vendor in Gartner’s Market Guide for Digital Banking Platforms. I am glad that our Digital Edge digital banking platform, which helps the banks in the SEE region to transform themselves into digital businesses, has been recognised by this global research and advisory firm. You can read about those and other recent stories from ASEE Group in the latest edition of the ASEE Newsletter.

Yours,

Piotr Jeleński

CEO, Group President of Management Board of Asseco South Eastern Europe