Hipay Group SA (FR:ALHYP) has released an update.
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HiPay Group SA reported a solid H1 2024 with a 1.3% increase in payment volumes and a significant 10.5% rise in turnover due to favourable mix effects, particularly in the iGaming/Digital markets. The company’s net income surged to €5.0m, a substantial improvement from a €0.7m loss in the previous year, while EBITDA grew to €5.5m, reflecting an efficient control over rising operating costs. With continued trends and new customer launches, HiPay projects a turnover growth of 6-9% for the full year and expects to maintain or improve profitability.
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