AUSTRIACARD HOLDINGS AG Reports Healthy 2024 Financial Growth

AUSTRIACARD HOLDINGS AG (ACAG) reported robust financial results for 2024, achieving a 9.7% increase in adjusted group revenues to €385.3 million. Digital Transformation Technologies drove this growth with a 70.6% surge, supported by digital projects in Greece and Central and Eastern Europe. Meanwhile, Document Lifecycle Management revenues rose 20.3% due to security document projects in the Middle East and Africa.

The company's adjusted EBITDA rose by 11.4% to €54.9 million, with an EBITDA margin increasing to 14.2%. Net profit experienced a 16.6% increase, reaching €19.8 million, while operating cash flow improved significantly to €34.0 million from the previous year's €9.1 million.

Regionally, revenues in Türkiye, the Middle East, and Africa grew by 34.4%. In contrast, Western Europe, Nordics, and Americas saw a 12.8% increase due primarily to metal card sales. Nevertheless, revenues in Central and Eastern Europe remained steady.

AUSTRIACARD proposes a dividend of €0.11 per share at the upcoming AGM, emphasizing continuous growth through strategic ventures.