DJ VAZIVA SA: ONGOING BULLISH TREND - ANNUAL SALES 2023 UP +79% TO EUR25.6M
VAZIVA SA
VAZIVA SA: ONGOING BULLISH TREND - ANNUAL SALES 2023 UP +79% TO EUR25.6M
30-Jan-2024 / 18:00 CET/CEST
Dissemination of a French Regulatory News, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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Press release Paris, January 30, 2024
ONGOING BULLISH TREND
ANNUAL SALES 2023 UP +79% TO EUR25.6M
Paris, January 30, 2023 -6pm - VAZIVA (ISIN code FR0014007T10 - MLVAZ), a pioneer in the dematerialization of social
endowments, today published its 2023 full-year sales.
In MEUR
31.12.23 31.12.22 Change
Non audited accounts
SALES 25,6 14,3 +79%
Successful offering in a booming Employees benefits' market for dematerialized social endowments
By 2023, Vaziva will have achieved annual sales of EUR25.6 million, a strong increase of 79% compared with 2022. As a preferred partner of staff councils and HR dpts, the social fintech has continued to roll out its 360-degree offering, combining technological innovation and a solid partnership with Mastercard, to a growing number of companies seeking tailor-made solutions in line with their employees' new expectations.
Vacation endowments has generated sales of EUR13 million, up 85% on 2022. Social endowments posted sales of 12.6 MEUR (+72%).
The development of marketing and sales initiatives, including an increase in the number of employees and the improvement of offers, have enabled Vaziva to pass the milestone of 500 corporate customers, an increase of 25% compared with 2022. The fintech has also recorded continued growth in the number of cardholders, rising from 165,000 in 2022 to 200,000 by the end of 2023, a significant increase of 21.2%. In line with its strategy, Vaziva has also considerably increased its share of key account customers, now representing 43% of sales versus 25% in 2022.
Outlook
On the strength of the excellent business trend seen in recent years, Vaziva is fully confident about the new financial year.
In order to increase its coverage of the French market, Vaziva will be stepping up its sales and marketing efforts by recruiting sales staff to anchor the offering throughout the country, and eventually become a leading partner for French companies in the supply of dematerialized, personalized social endowments tailored to the specific needs of the French market.
Vaziva is today considering a change of segment on Euronext Growth, accompanied by a fund-raising operation to fuel the commercial development in France and Europe.
Vaziva intends to harness its expertise to serve companies and employees in a growing number of countries, with the ultimate aim of becoming a key player in the employee benefits sector in Europe.
About Vaziva
Vaziva is the new-generation issuer of vacation, gift and lunch vouchers on a managed Mastercard® payment card for Works Councils and Human Resources Departments in companies and public bodies. This card can be used on the international Mastercard® network. The Vaziva Mastercard® incorporates artificial intelligence [AI] to organize the management of social endowments in accordance with current regulations.
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CONTACTS
VAZIVA
Christophe KOURDOULY
@ christophe.kourdouly@vaziva.com
CAPVALUE
Dina MORIN
@ dmorin@capvalue.fr
01 80 81 50 00
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Regulatory filing PDF file File: VAZIVA - PR CA 2023 - 300124
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Language: English
Company: VAZIVA SA
31 RUE DE LA FEDERATION
75015 Paris
France
Phone: 0672941282
E-mail: contact@vazivacard.com
Internet: www.vazivagroup.com
ISIN: FR0014007T10
AMF Category: Inside information / Information on annual revenues
EQS News ID: 1826327
End of Announcement EQS News Service
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1826327 30-Jan-2024 CET/CEST
Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1826327&application_name=news
(END) Dow Jones Newswires
January 30, 2024 12:00 ET (17:00 GMT)
