on AUSTRIACARD HOLDINGS AG (isin : AT0000A325L0)
AUSTRIACARD HOLDINGS AG Reports H1 2024 Financial Results
On August 29, 2024, AUSTRIACARD HOLDINGS AG (ACAG) announced its H1 2024 financial results, showcasing accelerated growth. Revenues increased by 7.0% compared to H1 2023, reaching €192.0m, mainly driven by the surge in Digital Transformation Technologies' revenues and steady growth in the Document Lifecycle Management segment.
Regionally, Central Eastern Europe & DACH revenues rose by 14.2% to €121.6m, while Türkiye, Middle East, and Africa revenues grew by 24.5% to €37.5m. This regional growth significantly contributed to the total revenue increase.
The improved sales mix led to a 10.1% rise in gross profit, reaching €48.8m, with a gross profit margin of 25.4%. Operational strategies focusing on higher technology components and controlled OPEX resulted in a notable 11.2% increase in adjusted EBITDA, equating to €28.8m, and a margin of 15.0%. Net profit after tax was €11.2m, with a margin of 5.9%.
By aligning its strategy towards being a technology solutions provider, AUSTRIACARD is on track to meet or exceed its 2024 revenue guidance.
R. P.
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