Rubean AG
ISIN: DE0005120802
WKN: 512080
04 April 2024 08:58AM

EQS-News: Rubean AG quintuples turnover in the first quarter of 2024

Rubean AG · ISIN: DE0005120802 · EQS - Company News
Country: Germany · Primary market: Germany · EQS NID: 1872849

EQS-News: Rubean AG / Key word(s): Development of Sales/Incoming Orders
Rubean AG quintuples turnover in the first quarter of 2024

04.04.2024 / 08:58 CET/CEST
The issuer is solely responsible for the content of this announcement.


Rubean AG quintuples turnover in the first quarter of 2024 

  • FinTech company's turnover increases by over 500 percent compared to the first quarter of 2023
  • Sustainable growth through new customers and business partners
  • Cost-cutting measures lead to savings of 10 percent

Munich, April 04, 2024: Fintech company Rubean AG, Munich (ISIN: DE0005120802, WKN: 512080, symbol R1B:GR) has continued its strong growth throughout the first quarter of the 2024 financial year. According to initial calculations, turnover increased by 500% to EUR 493,000 in the first three months of the new year (first quarter of 2023: EUR 98,000). The successful rollouts of the Rubean software to the new and particularly large customers acquired last year are reflected in the first few months of the new year.

In the first quarter of 2024, the company once again acquired important customers and business partners in various regions and sectors, including a strategic alliance with the global payment network Discover (symbol DFS:NYSE) with the Diners Club, Discover & PULSE credit cards and with Global Payments (symbol GPN:NYSE) in conjunction with a major German bank for a further significant market entry in Germany.

The second quarter of 2024 has already got off to a great start. Geopost's Spanish subsidiary, SEUR, has just signed a contract with Rubean to equip thousands of devices with the Rubean solution.

In addition to the high base effect of the start of strong growth, Rubean is benefiting from the developing scaling in the area of softPOS solutions. Rubean has also strengthened its rapidly increasing profitability through cost-cutting measures, which led to savings of around 10 percent in the first quarter compared with the first quarter of the previous year.

The past considerable investments in research, development and certification up to the market maturity of the Rubean card acceptance solution PhonePOS are now paying off.

Experience shows that the second quarter is seasonally weaker, while the third quarter and especially the fourth quarter are expected to be significantly higher, meaning that the annual sales targets of € 2.2 million to € 2.5 million are easily achievable. Rubean therefore expects revenue to increase by more than 100 percent in 2024 compared to the previous year 2023.

About Rubean: Rubean AG, Munich, is a leading provider of pure software point-of-sale solutions for

banks, acquirers and merchants. These include the mobile softPOS solution PhonePOS, which enables merchants to receive card payments directly on their smartphone without the need for an additional device. This solution is used by payment service providers, major banks, retailers and smaller merchants throughout Europe and is the only softPOS solution that supports the girocard (ec- card) in Germany. Rubean is listed on m:access as well as on most OTC trading venues and XETRA.

Further information can also be found at www.rubean.com.

If you have any questions, please contact:

german communications AG
Joerg Bretschneider
Milchstraße 6 B, D-20148 Hamburg
+49 40/46 88 33 0, Fax +49 40/46 88 33 40
presse@german-communications.com

Dr. Hermann Geupel
Rubean AG
Kistlerhofstr. 168, D-81379 Munich
+49 89 357560
hermann.geupel@rubean.com



04.04.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: Rubean AG
Kistlerhofstr. 168
81379 München
Germany
Phone: 089-357560
Fax: 089-35756111
E-mail: info@rubean.com
Internet: www.rubean.com
ISIN: DE0005120802
WKN: 512080
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Munich (m:access), Stuttgart, Tradegate Exchange
EQS News ID: 1872849

 
End of News EQS News Service

1872849  04.04.2024 CET/CEST

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Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.

The most important financial data at a glance
  2018 2019 2020 2021 2022 2023 2024e
Sales1 0,13 0,19 0,24 0,41 0,64 0,83 0,00
EBITDA1,2 -0,40 -0,50 -0,66 -1,68 -1,24 -1,45 0,00
EBITDA-Margin3 -307,69 -263,16 -275,00 -409,76 -193,75 -174,70 0,00
EBIT1,4 -0,41 -0,52 -0,68 -1,85 -1,40 -1,60 0,00
EBIT-Margin5 -315,39 -273,68 -283,33 -451,22 -218,75 -192,77 0,00
Net Profit (Loss)1 -0,43 -0,56 -0,72 -1,84 -1,44 -1,58 0,00
Net-Margin6 -330,77 -294,74 -300,00 -448,78 -225,00 -190,36 0,00
Cashflow1,7 -0,51 -0,55 -0,70 -1,67 -1,28 -1,43 0,00
Earnings per share8 -0,35 -0,48 -0,40 -0,68 -0,44 -0,58 -0,36
Dividend per share8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de and Company information
Explanation

1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de

Auditor: Baker Tilly

All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.

INVESTOR-INFORMATION
©boersengefluester.de
Rubean
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
512080 DE0005120802 AG 16,72 Mio € 16.09.2016 8FWH3GW6+2H
* * *
PE 2025e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
-29,00 0,00 0,00 -11,43 2,23 -11,68 20,17
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
0,00 0,00 0,00 0,00%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
21.08.2024 04.04.2024 16.07.2024 05.11.2024 28.06.2024
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
-2,11%
4,64 €
ATH 15,00 €
-16,41% -22,15% -34,18% -25,16% -9,90%

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