Austriacard Holdings AG on Wednesday reported a 20% year-over-year increase in second-quarter revenue to €97 million, accelerating from 8% growth in the first quarter. The Vienna-based digital transformation company raised its full-year revenue growth outlook to low double digits from a previous high single-digit target.
For the first half of 2026, Austriacard posted revenue of €186.6 million, up 14% from the same period a year earlier. EBITDA rose 10% to €19.4 million, though the margin contracted 40 basis points to 10.4% due to approximately €6 million in one-off costs. Net profit surged 135% to €5.8 million, boosted by operating performance and a €2.2 million gain from the sale of a minority stake in SEGLAN S.L.
The company’s Western Europe, Nordics and Americas segment led growth, with revenue up 23% to €67.3 million and EBITDA jumping 48% to €12.1 million. The U.S. market saw a 35% revenue increase, driven by an 83% rise in metal card sales. In the Middle East and Africa, revenue grew 26% to €20.5 million, with EBITDA more than doubling to €1.1 million. Central and Eastern Europe, including the DACH region, reported 7% revenue growth to €111.5 million, though EBITDA fell 16% to €9.8 million.
Digital Technologies emerged as the fastest-growing segment, with revenue up 93% to about €29 million, representing 16% of group revenue. Identity and Payment Solutions, the company’s core business, grew 13% to account for 63% of total revenue. Document Lifecycle Management revenue declined 10%, contributing 21% to the total.
Austriacard’s operating cash flow turned negative at a €9.3 million outflow, while net working capital rose to €89.2 million, or 23.3% of revenue. Capital expenditure increased to €12.3 million, or 6.6% of revenue, primarily for machinery in the Middle East and a second U.S. personalization center. Net debt to EBITDA leverage improved to 2.1x from 2.3x a year earlier, with group net debt at €103.9 million.
The company also highlighted progress on its strategic review, with Dai Nippon Printing’s takeover offer achieving a 96.55% acceptance rate. The transaction remains pending conditional foreign direct investment clearance from Austrian authorities. Austriacard operates 10 manufacturing hubs across 17 countries and employs 2,360 people globally.
