ASSECO SOUTH EASTERN EUROPE S.A. Management Report on Operations of Asseco South Eastern Europe Group
for the period of 6 months ended 30 June 2023
Present in | PLN 755.6 million |
23 countries | in sales revenues |
3,789 | PLN 92.5 million |
highly committed | of net profit for Share- |
employees | |
holders of the Parent | |
Company |
Management Report on Operations of ASEE Group for the period of 6 months ended 30 June 2023 | 2 |
Management Report on Operations | |
of Asseco South Eastern Europe Group | |
for the period of 6 months ended 30 June 2023 | |
PODSTAWOWE INFORMACJE O ASSECO SOUTH EASTERN EUROPE S.A. AND ASSECO SOUTH EASTERN EUROPE GROUP | |
AUTHORITIES OF ASSECO SOUTH EASTERN EUROPE S.A | 6 |
SHARES AND SHAREHOLDERS | 6 |
ORGANIZATIONAL STRUCTURE OF ASSECO SOUTH EASTERN EUROPE GROUP | 7 |
FINANCIAL INFORMATION OF ASSECO SOUTH EASTERN EUROPE GROUP | 10 |
Financial results of Asseco South Eastern Europe Group for the second quarter of 2023 | 10 |
Financial results of Asseco South Eastern Europe Group for the first half of 2023 /cumulative/ | 13 |
Analysis of financial ratios | 16 |
Structure of the statement of cash flows | 17 |
Information on geographical structure of financial results | 18 |
Other Information on Asseco South Eastern Europe Group and Asseco South Eastern Europe S.A | 20 |
OTHER INFORMATION ON ASEE GROUP AND ASSECO SOUTH EASTERN EUROPE S.A | 21 |
Factors which in the Management's opinion will affect the Group's financial performance at least till the end of this financial year .21 | |
Non-recurring events with impact on our financial performance | 22 |
Discussion of significant risk factors and threats | 22 |
Related party transactions | 26 |
Bank loans, borrowings, sureties and guarantees | 26 |
Information on loans granted | 26 |
Financial forecasts | 26 |
Monitoring of employee stock option plans | 26 |
Significant off-balance-sheet items | 27 |
Information on significant judicial proceedings | 27 |
Significant events with impact on ASEE Group operations after 30 June 2023 | 27 |
Other factors significant for the assessment of human resources, assets and financial position | 27 |
STATEMENT BY THE MANAGEMENT BOARD OF ASSECO SOUTH EASTERN EUROPE S.A | 28 |
Management Report on Operations of ASEE Group for the period of 6 months ended 30 June 2023 | 3 |
General Information on
Asseco South Eastern Europe Group
PODSTAWOWE INFORMACJE O ASSECO SOUTH EASTERN EUROPE S.A. AND ASSECO SOUTH EASTERN EUROPE GROUP
Asseco South Eastern Europe S.A. (the "Parent Company", "Company", "Issuer", "ASEE S.A.") seated at 14 Olchowa St., Rzeszów, Poland, was established on 10 April 2007 as a joint stock company.
On 11 July 2007, the Company was entered in the register of entrepreneurs maintained by the District Court in Rzeszów, XII Commercial Department of the National Court Register, under the number 0000284571.
The Company has been listed on the main market of the Warsaw Stock Exchange since 28 October 2009.
Asseco South Eastern Europe Group (the "Group", "ASEE Group", "ASEE") is comprised of Asseco South Eastern Europe S.A. and its subsidiaries.
BUSINESS PROFILE OF THE ISSUER AND ITS GROUP OF COMPANIES
ASEE S.A. is primarily engaged in holding activities and focuses on managing the Group of companies and expanding its geographical coverage and product portfolio.
ASEE Group also conducts operating activities including the sale of proprietary and third-party software as well as the provision of implementation, integration and outsourcing services. The Group delivers complete solutions and proprietary software necessary to run a bank, as well as state-of-the-art payment solutions helping shape the payments market in the region, and provides integration and implementation services for IT systems as well as hardware from the world's major vendors.
ASEE Group has identified the following reportable segments reflecting the structure of its business operations:
- Banking Solutions,
- Payment Solutions,
- Dedicated Solutions.
The Banking Solutions portfolio includes fully-fledged solutions and products necessary to run a bank such as omnichannel solutions designed to distribute banking products and services, solutions allowing to improve communication with the customer, integrated core banking systems, authentication security solutions, reporting systems for regulatory compliance and managerial information, as well as risk management and anti-fraud systems. The segment also offers its clients 24x7 online services and consultancy in the areas of mobile and electronic banking and digital transformation.
The Payment Solutions segment provides complete payment industry solutions supporting online and offline payments, which are offered by the Payten Group for both financial and non-financial institutions. These solutions are intended for e-Commerce (online payment gateways, support for alternative payment methods - cryptocurrencies, QR codes, solutions enabling tokenization of cards, subscription payments), mobile payments (mPOS, vPOS, SoftPOS), payment card processing, as well as services related to ATMs and EFT POS terminals. The Group delivers software and services as well as ATMs and payment terminals, including outsourcing and equipment, providing the highest level of expertise, maintenance and support through the entire portfolio. This segment also operates an independent network of ATMs under the brand name of MoneyGet. In addition, the Group runs a network of independent EFT POS terminals at points of sale - IPD service under the Monri brand that enables merchants to replace two or more payment terminals at the point of sale with a single device connected directly to multiple acquirers (card issuers). Moreover, the segment offers complementary solutions for creating online and mobile stores and marketplace platforms, as well as cash register management and sales support systems (ECR) for retailers.
The Dedicated Solutions segment provides services to the sectors of utilities and telecommunications, public sector (including road infrastructure), government as well as to the banking and finance sector within the following business lines: BPM business process management, customer service and sales support platform, data registers, smart city, AI & Machine Learning, e-Tax, border control, authentication, dedicated solutions, BI and ERP. The company focuses on selling its proprietary solutions but also offers a full range of integration services for solutions from leading global vendors.
Management Report on Operations of ASEE Group for the period of 6 months ended 30 June 2023 | 5 |
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Asseco South Eastern Europe SA published this content on 03 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2023 13:27:58 UTC.
