Press release




2024 third-quarter revenue
HiPay continues to grow in 2024
with a 13% increase in sales (+11% over 9 months)

Annual expectations confirmed

 Quarterly payment volume up 6% to 2.1 billion euros (+4% over 9 months)
 Revenue up by 13% to 17.7 million euros (+11% over 9 months)
 Anticipated sustainable and profitable annual growth, between 7 and 9%, exceeding 70
million euros

November 5, 2024, 8:30 a.m.: HiPay, the fintech specializing in omnichannel payment solutions,
announces its revenue for the 3rd quarter of 2024.


Q3 - in millions of euros (1) Q3 2024 Q3 2023 Var. %
Payment volume 2,147 2,032 +6%
Revenue 17.7 15.7 + 13 %


From January to September - in millions of euros (1) 9M 2024 9M 2023 Var. %
Payment volume 6,516 6,261 +4%
Revenue 53.8 48.4 + 11 %


(1) non audited figures




Despite a high basis for comparison (10% growth in Q3 2023), HiPay achieved 13% growth in Q3 2024,
i.e. 24% growth over two periods.

● The third quarter demonstrates and solidifies HiPay's growth with an increase in processed
flows of 6% and revenue growth of 13%.
● Over the quarter, the revenue to flows ratio was 0.82%, improving by 0.05 points compared
with 2023 (0.77%). This rise in average prices charged is due to changes in the customer and
product mix.


Several profitable sectors

● The Group met and slightly exceeded its budget targets, with particularly strong growth in
digital markets and Southern Europe, but slightly slowed within retail markets in France.
● In France, HiPay maintains good market momentum with 302 new contracts signed in the
retail sector, including Le Cèdre Rouge, Ski Set, Retif and Keria Luminaires.
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Press release




● The Digital / iGaming (mainly with Betclic) sectors continue to grow over the period.
● The increase of revenue outside France is strong at +17%, resulting from a favourable
price effect in Portugal and from a volume effect in Italy and on Veepee.
● Flows outside France remain significant at +8%, driven by the strong momentum of
our Southern European merchants (Italy, Veepee).


Outlook

The Group's revenue projections for the 2024 financial year indicate a growth of between 7% and
9%, driven by the continuation of trends observed in the third quarter and the launch of new
customers.
The company confirms that for the 2024 financial year, operating profitability and net profitability
are expected to be at or above the 2023 level (as a % of revenue).




Next financial communication: February 27, 2025 - 2024 revenue.



About HiPay
HiPay is a global payment services provider. Using the power of payment data, we help our sellers
grow by giving them a 360° overview of their business.

More information at hipay.com. You can also find us on LinkedIn.
HiPay Group is listed on the Euronext Growth (ISIN code: FR0012821916 – ALHYP).

Investor relations
Eric Meynard (DGM)
+33 (0)6 98 04 33 07
emeynard@hipay.com

This press release does not constitute an offer to sell or the solicitation of an offer to buy any HiPay securities. For further information on HiPay
Group, please visit our website hipay.com, Investors section. This press release may contain certain forward-looking statements. Although HiPay
Group believes that these statements are based on reasonable assumptions as of the date of this press release, they are inherently subject to
risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such statements. HiPay Group
operates in a fast-moving industry in which new risk factors may emerge. HiPay Group assumes no obligation to update these forward-looking
statements to reflect new information, events or circumstances.




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