ANY posted Q1/24 results on Friday, AMC. The company reported outstanding quarterly
revenues of HUF 17.8 bn, up +59% YoY and +55% QoQ. Net profit more than
quadrupled (+316% YoY), coming in at HUF 2 bn resulting in an EPS of HUF 137. The
Angolan project may have improved results significantly. Following the exceptional 2023
results, ANY started 2024 stronger than expected. We continue to believe that ANY's
top line can show double-digit growth rate this year, with further export expansion and
the EP and HU municipal elections boosting revenues as well.
Any Security Printing is a securities products group based in Hungary. Co. produces security products and solutions (tax stamps. stickers with security elements), plastic and paper cards (document cards, bank and telephone cards, commercial cards), personalized business and administration forms, and conventional printing products. Co.'s product offering its organized along three segments: Security Products, Solutions (paper-based documents, excise and tax stamps, security printers and security inks, additives); Card Production, Personalization (document cards, bank cards and loyalty cards); and Form Production, Personalization (transactional mailing, business, lottery and election forms).
Concorde Securities Ltd. is Hungary’s leading independent company engaged in investment banking activities. It provides its clients with integrated financial services, including securities trading, research, corporate financing advisory, capital market transactions, wealth management and investment advisory. The operational management of the company is the responsibility of the CEO, while the owners/managers (who control one-third of the company through their shares and options) are in charge of its strategic governance. Concorde Securities Ltd. is a member of the Budapest, Frankfurt, Warsaw and Bucharest stock exchanges, as well as of the Hungarian Association of Investment Service Providers.
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