VAZIVA
VAZIVA SAS
HALF YEAR RESULTS 2022 : STRONG GROWTH IN SALES AND EARNINGS
Paris, September 28, 2022 - 6:00 p.m. - Vaziva (ISIN code FR0014007T10), a pioneer in the dematerialization of social endowments, today published its half-year results for 2022.
In the first half of 2022, Vaziva recorded strong growth in revenues. This performance demonstrates the relevance of its global payment gateways’ offer to companies and employees in a booming employees benefits market.
Strong business momentum As at 30 June 2022, Vaziva achieved a turnover of €6,921k, an increase of 162.2% compared to 31 July 2021. 90% of the business was generated by holiday grants, 5% by leisure grants and 5% by other grants.
Increase of KPI Driven by the ramp-up of its 360-degree offer, Vaziva crossed its operating profitability threshold in the first half of 2022. Thanks to an increase in gross margin combined with tight control of payroll and external costs, EBITDA came to €470K. After taking into account depreciation, amortization and provisions of €141,000, operating profit for H1 2022 was €229,000, compared with an operating loss of €145,000 for the period from H1 2021. Strong balance sheet structure At 30 June 2022, the gross debt to its main electronic money supplier was €1,471k. Cash and cash equivalents increased significantly from €1,902k at 31 December 2021 to €2,554k at 30 June 2022. Net cash amounted to €1,083k. Shareholders' equity increased by €13,500k with the contribution of the software LOGEOS and the related share issue premium to €17,498k.
Development opportunities Vaziva's recent listing on the Euronext ACCESSTM in August will enable the fintech to strengthen its reputation while accelerating its commercial deployment. Following on from a first half of the year marked by strong commercial momentum, the social endowment pure player is confident that it will continue to grow in the second half of the year, in particular by expanding its offering to a clientele of key accounts and SMIs. In the second half of 2022, Vaziva will also start rolling out its solution in Europe, with the Iberian Peninsula as its priority. In this respect, the fintech, which expects to see the first seeds of its European investments in the second half of 2023, intends to accelerate its recruitment policy by strengthening its sales and IT staff in France and Spain. Next report: 2022 annual sales: 22 February 2023, after trading session.
Vaziva is the new generation issuer of holiday vouchers, gift vouchers and lunch vouchers on a Mastercard® managed payment card for Staff councils or unions (CSE), human resources dpt (HR), companies and public bodies. This card can be used on the international Mastercard® network. Contacts Vaziva Christophe KOURDOULY christophe.kourdouly@vaziva.com
CapValue Dina Morin dmorin@capvalue.fr 01 80 81 50 04
Regulatory filing PDF file File: VAZIVA: HALF YEAR RESULTS 2022: STRONG GROWTH IN SALES AND EARNINGS |
| Language: | English |
| Company: | VAZIVA SAS |
| 31 RUE DE LA FEDERATION | |
| 75015 Paris | |
| France | |
| Phone: | 0672941282 |
| E-mail: | contact@vazivacard.com |
| Internet: | www.vazivagroup.com |
| ISIN: | FR0014007T10 |
| AMF Category: | Inside information / News release on accounts, results |
| EQS News ID: | 1455699 |
| End of Announcement | EQS News Service |
1455699 03-Oct-2022 CET/CEST
