Commentary HPS benefits from the evolution of the payment industry

Thanks to the adoption of PowerCard by 27 countries on the continent, HPS is the leader in Processing on the continent

For HPS, the next few years are synonymous with the evolution of the payment industry on a global scale. To position itself now in this future global ecosystem, the multinational is highlighting the solidity of its fundamentals, the diversity of its business models and its sustained Research & Development effort.

HPS is confident for the years to come. The leading group in the provision of payment solutions and services says it is set up to take advantage of the current evolution of the payment industry on a global scale. And for good reason, HPS highlights the solidity of its fundamentals, the diversity of its business models and its sustained effort in Research & Development (R&D). Thus, the new organization adopted by the group, “the strategy of strengthening the Delivery Centers to locally support the development of international activities and the future marketing of version 4 of PowerCard should continue to drive the organic growth of the Group over the next few years and making it possible to compensate for the contribution of recurring revenues”, indicates HPS.

Furthermore, the Group aims to accelerate its development through its external growth strategy. In the meantime, 2021 has been a year of progress for the Moroccan multinational during which HPS has strengthened its business models, according to Mohammed Hormani, chairman of its board of directors, thanks in particular to the rise in power of its Processing activity, which has integrated two major acquisitions while achieving solid organic growth. “Our Processing PowerCard platform now has expanded geographic coverage to 27 countries in Africa, making HPS the leader in Processing on the continent,” Horani points out. Last year, moreover, enabled HPS to achieve 833.3 million dirhams in consolidated revenue, or 14.4% more in one year, with a contribution of 64% of recurring revenue.

This growth, which accelerated in the second half thanks in particular to the improvement in the global health context, is based on two factors. First, the growth of the Group’s organic activities, whose revenues increased by 4.8%. Next, the contribution of new acquisitions, with external revenue growth of 9.6%. Ebitda, for its part, stands at MAD 188.7 million, generating an Ebitda margin of 22.6%, an improvement of 0.6 points compared to 2020. “This performance results from the effective management of costs having accompanied the development of the activity during the year”, explains HPS. The net operating flow reached 181.9 million dirhams against 126.2 million at the end of 2020. Finally, the HPS Group posted, at the end of December 2021, a cash position of 306 million dirhams, up 36 , 5% over one year.

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