SIA Group reported almost €470 mil. revenues – more than 50% are generated by cards segment

In 2016, the SIA Group revenues rose to €468.2 million with a growth of €18.8 million (+4.2%) over 2015. The Cards segment represents 51% of revenues, Payments segment 25% and the Institutional Services 24%.  At geographic level, revenues in Italy totalled €372.2 million, up €16.5 million (+4.6%), while those from abroad reached €96 million, an increase of €2.3 million (+2.5%).

Also the Group net profit rose to €70.3 million, an increase of €0.5 million (+0.8%).

„The results achieved by the SIA Group show an improvement, especially in terms of revenues, Ebit and pre-tax result, over those set out in the Strategic Plan and the results for the 2015 financial year, thanks to an increase in electronic payment transactions and volumes of traffic on the SIAnet network.These results were achieved thanks to the quality of the solutions offered and the absolute reliability in the management of “mission-critical” infrastructures, with service availability levels of the highest standards on the market.”, according to the press release.

“In the year that has just ended, SIA reported a growth for the fifth year in a row thanks to the increase in revenues, consolidated Ebit and the volumes of digital payments. 2016 also allowed the Company to lay the foundations, through an extraordinary transaction completed at year end, for further improving its presence on the European market, the first results being already visible in 2017″ stated Massimo Arrighetti, Chief Executive Officer of SIA.

At the 2016 year end, the net financial position was €392.4 million due to the acquisition from UBIS (Unicredit Group) for €500 million of the processing activities of approximately 13.5 million payment cards and the management of 206,000 POS terminals and 12,000 ATMs in Italy, Germany and Austria. The transaction, carried out on 31 December 2016, was funded by a loan granted to SIA by a pool of leading banks and partly by own funds.

At year end the SIA Group had 2,023 employees – including the human resources that joined the Group as a result of the acquisition of the e-money business unit from Unicredit Business Integrated Solutions (UBIS) – a 25.5% increase over 2015.

Source: SIA