HiPay Group (ALHYP) H2 2024 earnings summary

Executive summary

• Achieved 13.4% revenue growth in 2024, with payment volumes up 4.4% year-over-year.

• Signed 302 new retail contracts in France; strong international growth, especially in Portugal, Italy, and Germany.

• Digital/iGaming sectors continued to expand; omnichannel and digital wallet adoption accelerated.

Financial highlights

• Revenue reached €74.2m, up from €65.5m in 2023 (+13.4%).

• EBITDA rose to €10.8m (14.5% of revenue); current EBIT at €6.2m (8.4% of revenue).

• Net income increased to €5.8m (7.9% of revenue), up from €2.2m year-over-year.

• Gross operating margin improved by €6.9m; billing rate increased to 0.81% from 0.75%.

• Cash position strengthened to €12.1m; free cash flow (excl. working capital) at €11.2m.

Outlook and guidance

• Forecasts 2025 revenue growth between 5% and 10%, driven by unified commerce and digital wallet adoption.

• Expects continued strong growth in BNPL solutions and omnichannel offerings.

• Cautious outlook due to uncertain European consumption trends.