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NOVEMBER 10 2017
Tags: governance

TAS GROUP'S ECONOMIC AND FINANCIAL INDICATORS SHARP GROWTH

The interim management report as of September 30 2017 clearly confirms TAS Group’s growth.

In the third quarter, break even was achieved and improvements are visible in all main economic and financial indicators.

TAS Group’s revenues grew in Q3 by 22% compared to the same period last year,  showing a significant increase by 10% in core business revenues.  EBITDA of the quarter more than double compared to Q3 2016, and up to 42,6% increase if we compare the first 9 months year on year.

Main driver of this growth is TAS Group’s continued commitment to anticipating the customers’ needs and focusing on the key market and regulatory change factors affecting the global payments ecosystem.

Executive Chairman Dario Pardi commented: "We are undoubtedly happy with the performance of the company, which shows improvements in all economic and financial indicators.

TAS Group is gaining the road as a market leader in its target markets, proving capable to offer highly customizable solutions to the customers, thanks to over 30 years of experiences as well as growing partnerships with the top international players. All of this is backed by a team of high-level professionals who are working to create new solutions and to consolidate a common framework on which information sharing within the company can be continuously improved. "

"The break-even achievement in the quarter - added Valentino Bravi, TAS Group’s CEO - derived entirely from the characteristic business, it is the result of our constant focus on innovation and continuous research for the best technology solutions.

We are daily committed to anticipate market trends and to offer innovations that can meet our customers’ needs, covering adaptations imposed by regulations that have entered into force or will soon impact our customers’ business. TAS Group is investing in the future of payments and in the changing regulatory landscape, such as PSD2, and we are as well developing data protection solutions for the upcoming European GDPR regulation."