Keyware’s revenues for the second quarter have grown by 14% due to the software activities

An interim dividend to be paid out. New share buy-back programme

Today, Keyware (EURONEXT Brussels: KEYW) discloses the financial results for the first semester of 2018, which ended on 30 June 2018. Fintech specialist Keyware records a good second quarter, with a revenues increase of 14.1%, which made the half-year revenues increase by 8.1%. It was in particular the software department that made a big step forward. Despite the EBITDA increase of 110 kEUR during that quarter, the net profit decreased by 258 kEUR as a result of depreciations and amortizations related to acquisitions and higher allowances on inventories and debtors.

Key information is as follows.

The financial picture of the second quarter of 2018 summarized: 

  • EBITDA increases from 805 kEUR in 2017 to 915 kEUR
  • Revenues amount to 5,113 kEUR compared to 4,482 kEUR in 2017
  • Profit before taxes amounts to 206 kEUR compared to 495 kEUR in 2017
  • Net profit amounts to 80 kEUR compared to 338 kEUR in 2017 due to the higher depreciations and amortizations as a result of the acquisitions and higher allowances on inventories and debtors
  • On 30 June 2018, the Group holds 4,099 kEUR cash and cash equivalents compared to 3,325 kEUR on 31 December 2017
  • The financial debt as at 30 June 2018 amount to 7,897 kEUR compared to 9,295 kEUR on 31 December 2017

Decision to distribute an interim dividend of 0.03 EUR per share (gross)
New share buy-back programme for a maximum amount of 1,000 kEUR

Please find the financial details in the press release attached.

Press release Keyware’s revenues for the second quarter 2018

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Stéphane Vandervelde

CEO, Keyware

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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).