Biggest software firm Asseco Poland plans subsequent acquisitions.

By bne IntelliNews March 19, 2013
CEE's biggest software company Asseco Poland plans to continue its expansion in 2013. Asseco Poland is engaged in takeover negotiations with further companies in Poland and one company from Russia, according to the blue chip's president and major shareholder Adam Goral. At the same time, Asseco South Eastern Europe seeks investment opportunities in Turkey, he added. At the same time, Asseco Poland reported that its consolidated backlog grew by 5% to PLN 3.86bn (EUR 0.93bn). The firm also said it will recommend earmarking PLN 200mn for dividend, which would translate into a pay-out of PLN 2.41 per share vs. 2.19 a year before. In 2012, Asseco Poland's consolidated sales revenues reached rose by 11.5% y/y to PLN 5.53bn. At that time, sales of proprietary software and services reached PLN 4.20bn and they accounted for 75.9% of our total turnover. Sales revenues were well diversified among its individual target sectors: banking and finance - 33.5%, enterprises - 42.8%, and public administration - 23.7%.

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