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21st Austria weekly - Austriacard (24/03/2023)

26.03.2023

Austriacard: Austriacard Holdings, one of the leading B2B providers of secure data, smart cards and payment solutions in Austria, Scandinavia, Central and Eastern Europe and South Eastern Europe, increased revenues by 76,9 % to € 314.7m compared to 2021. According to the company, the main drivers of this revenue increase are attributed to the strong growth of payment products and solutions, the provision of security printing forms and ballots for the elections in Kenya and the first time consolidation of TAG Systems UK (formerly Nitecrest ltd. and Tag Nitecrest ltd.). From regional perspective, this increase is due to good business development in the core markets in Europe and Türkiye as well as to our expansion in the US market. Gross profit increased by 73.6% to € 140.1m in 2022 as a result of the strong increase in revenues. CEO, Panagiotis Spyropoulos noted: “We are growing further our market shares in payment and banking solutions in CEE, the Nordics and within Challenger Banks, while also expanding in new geographical areas such as the US, Middle East and Africa . We aim to be the secure data solutions provider of choice to our clients. At the same time, in the Information Technology segment we are enhancing our digital transformation portfolio.” During 2022 the decision was taken to merge Inform Lykos Holding SA with Austriacard Holding AG and to apply for listing on the Vienna and Athens stock exchange. This process has been completed on 23rd of March with the commencement of trading of the Company’s shares on the Athens (ATHEX) and Vienna (VSE) Stock Exchanges.

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (24/03/2023)


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21st Austria weekly - Austriacard (24/03/2023)


26.03.2023, 1686 Zeichen



Austriacard: Austriacard Holdings, one of the leading B2B providers of secure data, smart cards and payment solutions in Austria, Scandinavia, Central and Eastern Europe and South Eastern Europe, increased revenues by 76,9 % to € 314.7m compared to 2021. According to the company, the main drivers of this revenue increase are attributed to the strong growth of payment products and solutions, the provision of security printing forms and ballots for the elections in Kenya and the first time consolidation of TAG Systems UK (formerly Nitecrest ltd. and Tag Nitecrest ltd.). From regional perspective, this increase is due to good business development in the core markets in Europe and Türkiye as well as to our expansion in the US market. Gross profit increased by 73.6% to € 140.1m in 2022 as a result of the strong increase in revenues. CEO, Panagiotis Spyropoulos noted: “We are growing further our market shares in payment and banking solutions in CEE, the Nordics and within Challenger Banks, while also expanding in new geographical areas such as the US, Middle East and Africa . We aim to be the secure data solutions provider of choice to our clients. At the same time, in the Information Technology segment we are enhancing our digital transformation portfolio.” During 2022 the decision was taken to merge Inform Lykos Holding SA with Austriacard Holding AG and to apply for listing on the Vienna and Athens stock exchange. This process has been completed on 23rd of March with the commencement of trading of the Company’s shares on the Athens (ATHEX) and Vienna (VSE) Stock Exchanges.

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (24/03/2023)



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