CEE's biggest IT firm Asseco Poland's backlog equals 117% of 2010 sales.

By bne IntelliNews May 17, 2011
Consolidated backlog of CEE's largest IT company Asseco Poland is worth of PLN 3774mn (EUR 958mn), or 117% of the group's 2010 sales, the firm's deputy head Marek Panek has announced. He admitted that the backlog's value already confirmed Fortuna Systems' participation in the group, especially in services and proprietary software orders, which were by 41% higher than last year's revenue from this sources and amounted to PLN 2904mn. Asseco Poland's stand-alone backlog is worth of PLN 1051mn, which is 90% of last year's sales, of which PLN 737mn covers services and proprietary software. In 2010, Asseco Poland consolidated Formula only for one month. Asseco Poland posted consolidated net profit of PLN 97.20mn (EUR 24.46mn) in Q1/2011 vs. PLN 95.50mn (EUR 24.07mn) profit a year earlier. The result was in line with market expectations of a PLN 94.80mn profit on the average. Consolidated revenue in this period was PLN 1196.00mn (EUR 301.17mn) compared with PLN 690.00mn (EUR 174.09mn) a year earlier. ISB

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