ANY Security Printing: Slight Increase in Q1 Net Sales

ANY Security Printing Company Plc. has released its 2023 Q1 results on the website of the Budapest Stock Exchange. It shows that net sales of the company for 2023 amounted to HUF 11.2 billion which is higher by HUF 0.4 billion (4%) than in the previous year.

Changes in case of strategic product segments were as follows: sales of security products, solutions were HUF 4.4 billion; data processing were HUF 2.9 billion, which is HUF 0.4 billion (12%) lower than the figure in the basis period, whilst sales of card production, personalisation were HUF
3.2 billion, which is HUF 0.2 billion (7%) lower than the figure in the basis period. Ratio of strategic products segments in total net sales was 94% in 2023, according to the summary issued by the company.

The published figures suggest that export sales amounted to HUF 4.8 billion as at March 31, 2023, which is HUF 1.0 billion higher than in the previous year, representing 43% export sales ratio; consolidated EBITDA is HUF 1,451 million; consolidated operating income is HUF 863 million; and consolidated net income after interest income, taxation and non-controlling interest is HUF 474 million.

The CEO of ANY Security Printing Company, Gábor Zsámboki commented on the report by saying that "Good news: the share of export sales in turnover rose to 43%. Both security products and solutions and card manufacturing and personalisation segments saw revenue growth, thanks to higher demand for
passport and paper-based security documents and card documents. Our results were impacted by unfavourable exchange rate movements, rising interest rates and, most significantly, a surge in energy costs. Long-term contracts provide security for the Company, but in such cases, we can rarely incorporate the increase in cost elements into prices."

He added that "large-scale developments continue at the Printing House. Thus, in the second half of the year, we will see a notable increase in our passport production capacity and, thanks to advanced technology, the production of security products will become more cost-effective. We expect significant growth in international markets."