Published: 17:45 CET 16-02-2017 /GlobeNewswire /Source: HiPay Group / : HIPAY /ISIN: FR0012767150
2016 revenue rises to €30.7M growing 19%
+90% Payment transactions: sound and sustainable growth
Paris, February 16th, 2017, 5:45 pm: HiPay Group (ISIN code FR0012821916 - HIPAY), a Fintech company specialized in online payments, looks back at a year of sustained growth. With €30.7 million in revenue - a 19 % growth in 2016, combined with a positive business outlook, the Group reinforces its market position and continues to pursue its expansion based on its solutions in omni-channel payment, data and analytics and global payment coverage.
Consolidated sales (in M€) unaudited figures
Revenue increased by 16% over the fourth quarter, reaching €8.2 million. The runrate, transactions processed with HiPay during the last month of the year, extrapolated over twelve months, reached 2.4 billion euros.
Sustained growth for the Payment division
The fourth quarter confirmed the high level of growth observed throughout the year. Transactions processed climbed to €507 million over the last three months, representing more than twice the number of transactions processed during the same period in 2015 (+103%).
In 2016, the payment activity's sales totaled €19.2 million, a 46% growth compared to 2015. Transactions processed increased by 90% over the year, reaching €1.5 billion, with a monthly record in December of €190 million.
This dynamic growth demonstrates the significance of the HiPay platform. The payment division now represents 90% of the transactions processed by the Group. HiPay Enterprise, our solution for large e-tailers, added more than a hundred new clients during the year, in France and internationally, including Claudie Pierlot, ePRICE, ID Kids, Intermarché, Maje, Natalys, Netatmo, Sandro, Verbaudet, and Videdressing. Regarding HiPay Professional, the payment solution dedicated to smaller e-tailers, the number of active clients reached 2,500 merchants.
Decrease in Micropayment activity
The micropayment division sales decreased by 9% during the exercise, of which -28% in the last quarter. This decline is related to, in part, the decision by carriers to discontinue a historical payment method, and also to the termination of non-strategic activities by refocusing on more promising verticals.
In line with this strategy, HiPay Mobile will continue to strengthen its teams to sustain its position in the gaming market and to increase its business performance with new products, such as donations via SMS. Beginning with the 2013 AFM Telethon (French Muscular Dystrophy Association), the new offering is now launched with other associations, including SOS Villages d'Enfants and Fondation Hôpitaux de Paris - Hôpitaux de France.
Next financial communication: March 23rd, 2017 - 2016 Full-Year results.
About HiPay Group
We're a global payment provider processing more than 2bn € annually across 150 countries and 220 payment types. By harnessing data analytics we help deliver valuable customer insights that enable our client's businesses to succeed.
More information on hipay.com
HiPay Group is listed on the Euronext Paris Compartment C (ISIN code: FR0012821916/Mnemo: HIPAY).
Contact: Citigate Dewe Rogerson
Daiana Hirte (Press)
+33 (0)1 53 32 78 90
Antoine Denry (Investors)
+33 (0)1 53 32 78 95
This press release does not constitute an offer to sell or a solicitation of an offer to buy HiPay Group shares. If you wish to obtain more information about HiPay Group, please refer to our website hipay.com, under the Investors heading. This press release may contain some forward-looking statements. Although HiPay Group considers that these statements are based on reasonable statements on the publication date of this release, they are by their very nature subject to risks and uncertainties that could cause the actual results to differ from those indicated or projected in these statements. HiPay Group operates in a continually changing environment and new risks could potentially emerge. HiPay Group assumes no obligation to update these forward-looking statements, whether to reflect new information, future events or other circumstances.
This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of NASDAQ OMX Corporate Solutions clients. Source: HiPay Group, 6 place du Colonel Bourgoin, Paris FR-75012, France
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