HiPay Group (ALHYP) Q2 2024 TU earnings summary

Executive summary

• Revenue grew 10.5% year-over-year in H1 2024, reaching €36.1 million, outpacing payment volume growth.

• Payment volumes increased 1.3% to €4.1 billion, despite a challenging macroeconomic environment and stagnant household consumption.

• Strongest growth driven by iGaming/Digital and international markets, supported by new payment methods and sporting events.

Financial highlights

• Revenue: €36.1 million in H1 2024, up from €32.6 million in H1 2023 (+10.5%).

• Payment volume: €4.1 billion, up 1.3% year-over-year.

• iGaming/Digital market revenue grew 18.1%; international markets up 18.7%.

Outlook and guidance

• Sales growth for fiscal 2024 projected between 6% and 9%.

• Operating and net profitability expected to be at or above 2023 levels as a percentage of sales.