Between January and March 2016, Asseco Poland generated revenues of PLN1.8bn, which correspond to a yoy growth of 15.9%. As the gross margin (24% vs. 24.4% in Q1 15) was below last year and administration expenses went up more than sales (+16.7% to PLN140.5m), EBITDA increased by 12.6% to PLN257.8m. While EBIT advanced by 13.2% to PLN186m, net income after minorities decreased by 15.2% yoy to PLN65.6m, as a result of higher net financial expenses (PLN-23.1m vs. PLN-1.2m) and the effective tax
17 May 2016
International operations amounted to >80% of Asseco's total sales in Q1 16
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International operations amounted to >80% of Asseco's total sales in Q1 16
Asseco Poland S.A. (0LQG:LON) | 0 0 0.0% | Mkt Cap: 1,054m
- Published:
17 May 2016 -
Author:
Adrian Kowollik -
Pages:
3
Between January and March 2016, Asseco Poland generated revenues of PLN1.8bn, which correspond to a yoy growth of 15.9%. As the gross margin (24% vs. 24.4% in Q1 15) was below last year and administration expenses went up more than sales (+16.7% to PLN140.5m), EBITDA increased by 12.6% to PLN257.8m. While EBIT advanced by 13.2% to PLN186m, net income after minorities decreased by 15.2% yoy to PLN65.6m, as a result of higher net financial expenses (PLN-23.1m vs. PLN-1.2m) and the effective tax