Asseco Poland’s Q1 23 results were in-line with the PAP consensus. The positive was the 0.8% increase in the share of own software/services. The negative was the negative free cash flow and the decline in the combined revenues of the focus areas Cloud/Cybersecurity/Robotics. At the end of March, Asseco Poland’s backlog for 2023 equalled PLN11.7bn and thus was 4.5% higher yoy.
ACP could soon conduct a debt-financed share buyback worth a max. of PLN1.19bn (19.9% of the shares outstanding) at a m ....
26 May 2023
Mixed results in Q1 23. Potential debt-financed share buyback of max. PLN1.19bn
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Mixed results in Q1 23. Potential debt-financed share buyback of max. PLN1.19bn
Asseco Poland’s Q1 23 results were in-line with the PAP consensus. The positive was the 0.8% increase in the share of own software/services. The negative was the negative free cash flow and the decline in the combined revenues of the focus areas Cloud/Cybersecurity/Robotics. At the end of March, Asseco Poland’s backlog for 2023 equalled PLN11.7bn and thus was 4.5% higher yoy.
ACP could soon conduct a debt-financed share buyback worth a max. of PLN1.19bn (19.9% of the shares outstanding) at a m ....