Austria Card Holdings AG Group is on track to meet or exceed its 2024 forecast, the company’s management said during the release of its half-year financial results.
“We confirm that we are on track to meet or exceed our forecast for the 2024 financial year, i.e. a 10% increase in revenue and a 12% increase in adjusted EBITDA, as a result of our enhanced operational synergies and improved sales mix with a key focus on digital transformation technologies,” highlighted Manolis Kontos, Vice Chairman and Group CEO of AUSTRIACARD HOLDINGS AG.
“We continue our expansion in Turkey, the Middle East and Africa, a geographic area where we have high growth expectations, maintaining our leadership position in all markets where we operate, as well as in Challenger/Neo Banks, where our more sophisticated products, such as metal payment cards, are proving to be a powerful marketing tool for our B2B customers seeking differentiation and innovation in their service offerings,” he added.
In detail, the Group’s revenues increased by 7.0% to €192.0 million, driven by the near quadrupling of revenues in the Digital Transformation Technologies sector and growth in the Document Lifecycle Management sector.