EQS-News

niiio posts significant revenue and earnings growth in H1 2022 and is on track for the full year

EQS-News: niiio finance group AG / Key word(s): Half Year Report niiio posts significant revenue and earnings growth in H1 2022 and is on track for the full year 30.09.2022 / 08:00 CET/CEST The issuer is solely responsible for the content of this announcement. Press release

niiio posts significant revenue and earnings growth in H1 2022 and is on track for the full year

• Successful acquisitions and intensified sales activities are already reflected in the dynamic business performance in the first half of 2022
• Revenue more than tripled to EUR 3.7 million; EBITDA up by EUR 0.5 million
• Management Board confirms FY 2022 revenue and earnings forecast

 

Görlitz, 30 September 2022 | Following the first half of the year, niiio finance group AG (ISIN: DE000A2G8332), Software-as-a-Service platform for asset and wealth management, is on track to meet the revenue and earnings targets for 2022 that it set for itself. Accordingly, the niiio Group achieved key strategic milestones to implement its organic and non-organic growth plans as planned and recorded a significant increase in revenue along with improved profitability in the first six months of 2022.

Following the acquisition in December 2021 of PATRONAS Financial Systems GmbH, a provider of software for the financial services industry, the integration of the company onto the niiio platform was successfully completed in the first quarter of 2022. In line with the goal of making niiio the leading one-stop-shop solution for digital asset and wealth management in Europe, the platform was consistently further expanded along the entire asset and wealth management value chain in the reporting period, and order routing provider FIXHub GmbH was acquired retroactively as of 1 January 2022. Following these successful acquisitions, niiio combines almost all relevant product groups and market segments on one platform, which offers excellent prospects for organic growth thanks to high scalability and broad up-selling and cross-selling potential.