Austria's Austriacard FY25 revenue falls on Turkish market slowdown

Austriacard Holdings AG

23/03/2026 19:34

Overview

Austria applied technology provider's FY2025 revenue fell 8% yr/yr, impacted by Turkish market normalization

Adjusted EBITDA for FY2025 declined 7% yr/yr, with margin expanding to 14.4%

Company proposes €0.10 per share dividend for FY2025

Outlook

Austriacard targets high single-digit revenue growth in FY2026

Company expects FY2026 EBITDA margin expansion, supported by higher-margin services and efficiency gains

Result Drivers

TURKISH MARKET NORMALIZATION - Revenue was negatively impacted by normalization in the Turkish payment card market, which reduced group revenue by €22m due to macroeconomic volatility and lower card deliveries

ONE-OFF METAL CARD SALES IN 2024 - Unfavourable base effect from large metal card sales to a European fintech client in FY2024 reduced FY2025 revenue by €26m

GROWTH IN DIGITAL TECH & IDENTITY - Digital Technologies (+25% yr/yr), Document Lifecycle Management (+4% yr/yr), and Identity solutions (+67% yr/yr) delivered solid growth, driven by public sector digitization projects in Greece and identity card projects in MEA

Company press release: ID:nEQ3XbkLda

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
Miss
EUR 360.2 mln
EUR 379 mln (2 Analysts)

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)