on AUSTRIACARD HOLDINGS AG (isin : AT0000A325L0)
AUSTRIACARD HOLDINGS AG Reports 9M 2024 Results
AUSTRIACARD HOLDINGS AG has announced its financial results for the first nine months of 2024, demonstrating significant growth across various segments. The company reported a 14% increase in group adjusted revenues, reaching €298.3m, largely driven by a near tripling of Digital Transformation revenues and strong growth in Document Lifecycle Management from the MEA region.
The Secure Chip & Payment segment, the largest for AUSTRIACARD, saw organic growth of 20.8%, influenced by sales of premium metal cards. Geographically, revenues increased in all regions, with Türkiye, Middle East, and Africa showing the highest growth at 28.5%.
The adjusted EBITDA rose by 18.1% to €43.1m, while net profit after tax increased by 10.1% to €16.3m. Operating cash flow also improved significantly, reaching €18.9m compared to a negative cash flow in the previous year.
R. P.
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