EBIT of PLN 203 mln was down 3.8% y/y and 2.4% below consensus.
Revenues increased by 2,9% y/y to PLN 2.26 bln to edge out consensus.
Among revenues, sale of traditionally highest margin proprietary software and services increased by 10.9% y/y to PLN 1.78 bln. Lower margin segment of licensed software and services shrank by 23% to PLN 165 mln, while hardware was down 16% to PLN 318 mln.
In client segments, Asseco recorded highest sales increase of 17.5% in industry, followed by banking and finance with 10.9% increase while sales to public administration nosedived 20% to PLN 1.74 bln.
Asseco sports order portfolio for 2017 of PLN 5.512 bln.
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|KERDOS GROUP||0,08||+14,29 %|
|BALTIC BRIDGE||2,80||+9,37 %|
|IALBATROS GROUP||10,62||-19,55 %|
|KORPORACJA KGL||25,51||-8,89 %|
|EVEREST INVESTMENTS||0,14||-6,67 %|