Brief: HiPay Group H1 EBITDA Turns To Loss Of EUR 0.8 Mln

Hipay SA

15/09/2022 13:34

Sept 15 (Reuters) - HIPAY GROUP SA  ALHYP.PA :
    * S1 2022 RESULTS: HIPAY RECORDS 12% GROWTH IN PARTICULARLY
CHALLENGING CONTEXT
    * PAYMENT VOLUMES GREW SIGNIFICANTLY TO 3.6 BILLION EUROS IN
FIRST
SEMESTER OF 2022: A 12% INCREASE COMPARED WITH S1 2021 AND A 43%
INCREASE COMPARED WITH S1 2020
    * H1 TURNOVER REACHED 27.5 MILLION EUROS
    * H1 EBITDA LOSS EUR 0.8 MILLION VERSUS PROFIT OF EUR 1.4
MILLION
YEAR AGO
    * H1 NET LOSS EUR 3.6 MILLION VERSUS LOSS EUR 0.9 MILLION
YEAR AGO
    * PAYMENT VOLUMES SAW SUSTAINED GROWTH AT 12%, REACHING 3.6
BILLION EUROS IN FIRST SEMESTER OF 2022
    * FOR 2022 FINANCIAL PERIOD, HIPAY AIMS TO EXPERIENCE
SINGLE-FIGURE GROWTH
    * GROUP IS ALSO ADJUSTING ITS OVERHEADS IN ORDER TO ACCOUNT
FOR
EXPECTED DIFFICULTIES CAUSED BY CURRENT MOROSE MACROECONOMIC
SITUATION

Further company coverage:  ALHYP.PA 

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