Paris, 26 July 2018: HiPay
(ISIN code FR0012821916 - HIPAY), the Fintech company specialising
in omnichannel payment solutions, announces its results for the
first half year of 2018.
| In
millions of euros |
HY1 2018 |
HY1 2017 |
Var. % |
| Consolidated income
statements |
| Transaction volume |
1,325 |
965 |
+ 37% |
| Turnover |
13.0 |
11.6 |
+ 12% |
| Consolidated balance sheets |
| Equity |
46.7 |
53.1 |
- 7% |
| Cash |
4.4 |
6.7 |
- 23% |
Grégoire Bourdin, the Managing Director of HiPay,
commented on the results of the first half year: "The commercial momentum continued in the first half year,
with a turnover of 13 million euros (+ 12%) for a volume
transaction of 1.3 billion euros (+ 37%). HiPay has signed 597 new
contracts, including 64 key accounts such as Speed Burger, Oscaro,
Cash Converters and Delamaison. This steady growth of the customer
portfolio demonstrates the strong interest in the solutions and
services offered by HiPay, as well as the product's suitability for
the market.
The average volume operated per
customer is also rising: HiPay is convincing more and more key
accounts and now supports 18 companies listed in the Top 50 French
e-commerce companies (source: ecommerce Mag). "
Continued technological
innovations
HiPay is now able to accept payments via Facilipay
(payments in instalments through Oney, accessible throughout
Europe) and Bancontact in QR code (Belgium). In addition, HiPay now
offers the payment Mix, which makes it possible to settle a
transaction through several different means of payment.
The omnichannel offer is also expanding, with
HiPay's API allowing the control of autonomous payment terminals.
This new feature complements the panel of payment scenarios
proposed to retailers, while adapting to their existing
infrastructures.
These innovations allow sales teams to target more
business sectors, by responding to the needs of prospective
customers more specifically.
A healthy and solid financial
position despite operating losses
HiPay continued to grow in all of its markets in
the first half of 2018, with a 37% increase in volumes processed
(compared to the first half of 2017) to 1.33 billion euros.
The turnover rate compared to the volume decreased
to 1%, compared to 1.1% in 2017. This change reflects HiPay's
commercial success in the key accounts segment, which generates
less turnover compared to volume than other customers. The turnover
amounted to 13 million euros, compared to 11.6 million euros in the
first half of 2017.
Direct costs, which account for variable
transaction processing costs, amounted to 6.2 million euros. The
growth of these costs (+ 16%) is less than the growth of the volume
processed (+ 37%), which reflects the renegotiation efforts and
procurement optimisation.
HiPay now has 159 employees in its 5 offices,
compared to 128 one year ago. This growth in workforce allows HiPay
to innovate with its products, provide its customers with exemplary
levels of service and ensure the commercial development.
The overhead expenses were stable compared to the
first half of 2017.
Current operating income for the first half of the
year amounted to - 3.5 million euros, compared to
- 2.1 million euros as of 30 June 2017.
At 30 June 2018, shareholders' equity amounted to
46.7 million euros and cash to 4.4 million euros.
Next financial communication:
21 February 2019 - Turnover for the 2018 financial year
About HiPay
HiPay is a global payment service provider. By
harnessing the power of payment data, we participate in our
merchants' growth by giving them a 360-degree view of their
activities.
More information is available on hipay.com and you
can also find us on Twitter and LinkedIn
The HiPay Group is listed on Compartment C of
Euronext Paris (ISIN code: FR0012821916 - HIPAY mnemonic).
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