(CercleFinance.com) – HiPay announced on Thursday that it had continued its growth in the first quarter with a 5% increase in sales, but had suffered from a basis of comparison described as ‘demanding’.
The payment service provider indicates that it generated a turnover of 17.3 million euros over the first three months of the year, compared to 16.4 million a year earlier.
The volume of payments processed increased by 3% to 2.2 billion euros.
In a press release, the French ‘fintech’ recalls that the basis of comparison dating from the first quarter of 2023 is particularly high, with growth rates which stood at 10% and 13% respectively for flows and turnover.
The group says it has recorded particularly strong growth in digital markets and in online video games, but slightly reduced in retail in France.
Regarding its prospects, HiPay says it is targeting growth of between 6% and 9%, driven by the continuation of the trends observed in the first quarter and the launch of new clients.
The company also confirms that it expects operating profitability and net profitability rates greater than or equal to those achieved in 2023.
Listed on the Paris Stock Exchange, the action fell by almost 5% on Thursday after this publication.