HIPAY GROUP 2024 Half-Year Results

HiPay Group, specialized in omnichannel payment solutions, unveils its results for the first half of 2024. Payment volume increased by 1.3%, reaching €4.1 billion. Revenue, up 10.5%, amounts to €36.1 million. EBITDA increased by 48% to reach €5.5 million, or 15.1% of revenue. Net income shows a clear improvement to €5.0 million, compared to -€0.7 million last year.

The company benefits from growth in the iGaming/Digital markets and new payment methods. Gross margin stands at 55% of turnover, despite the increase in operating expenses. Current operating income increases to €3.0 million, or 8.3% of turnover.

Non-recurring items, mainly related to a tax dispute, added €2.7 million to net income. The financial result improved, with a net charge of €0.6 million. The increase in turnover and cost control contributed to this overall positive performance.

For the full year 2024, HiPay anticipates revenue growth of between 6% and 9%. Expected profitability is expected to remain stable or increase compared to 2023.