Growth slows down due to the renting of cheaper terminals and to the launch of activities in Germany

Today, Keyware (EURONEXT Brussels: KEYW) discloses the financial results for the first semester of 2017, which ended on 30 June 2017. The key figures for the first semester of 2017 can be summarized as follows:

  • Profit before taxes amounts to 1,583 kEUR compared to 2,303 kEUR
     
  • EBITDA decreases from 2,740 kEUR to 2,064 kEUR
     
  • Revenue amounts to 9,010 kEUR compared to 9,251 kEUR
     
  • Net profit amounts to 1,060 kEUR compared to 1,865 kEUR
     
  • Magellan SAS and EasyOrder BVBA become 100% subsidiaries, but the impact on the results of the first semester is still negligible
     
  • In the case of Magellan, 6,000 kEUR was paid for the remaining 60% shares, in the amount of 1,500 kEUR and 4,500 kEUR, financed by respectively own funds and bank loans
     
  • In the case of EasyOrder, the investment is 700 kEUR, of which 200 kEUR still has to be paid
     
  • With respect to the share buy-back programme, by 30 June 2017 47,400 treasury shares were acquired for an amount of 58 kEUR
     
  • On 30 June 2017, the Group holds 3,028 kEUR as cash and cash equivalents compared to 1,045 kEUR; the financial liabilities amount to 10,330 kEUR

You can read more details in the press release that you can find below in pdf.

Keyware Q2-2017 EN

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About Keyware

  • Keyware positions itself as an independent Network Service Provider (NSP) and plays a leading role in its market segment in the area of electronic payment solutions. 
  • Keyware is a payment service company with more than 15 years’ experience, specialising in:

    • the personalisation, programming, installation, maintenance, rental and sale of fixed, portable and mobile payment terminals.

    • Implementation of payment transactions using Visa, MasterCard, Maestro, Amex, V-Pay, JCB ...

    • Payment services for e-commerce and m-commerce

    • Solutions for loyalty cards

    • Development and management of its payment transaction platform

  • Keyware is a fast-growing profitable company that boasts solid partnerships with various global players in the value chain of electronic payment such as terminal builders Verifone, Ingenico and Worldline and transaction partners such as Worldline, Six Pay, Square and EMS.
  • Above all, Keyware is an ambitious enterprise, with an end-to-end integrated business structure, a solid shareholder base and a focus on maximising value for its various stakeholders.
  • The company has been quoted on the stock exchange since June 2000 (Euronext: KEYW - https://europeanequities.nyx.com).