Rubean AG Reports Dynamic H1 Growth and Strategic Partnerships

Rubean AG recently released its H1 trading statement, revealing significant growth. The turnover increased by 370% year-over-year, driven by new partnerships. The company's final FY23 figures aligned with estimates, with sales at €1.0 million and EBIT at €-3.8 million. Although a negative net income of €-3.9 million resulted in a deficit, the outlook for FY24 is optimistic.

Notably, Commerz Globalpay implemented Rubean's SoftPOS solution in Germany. Despite some delays in the product rollout, Rubean has formed several strategic partnerships with SEUR, Global Payments, Correos, and emerchantpay. These deals highlight the readiness of Rubean's SoftPOS product and its potential in the market.

Management remains hopeful, projecting a 135% sales growth for FY24, potentially reaching €2.5 million. The company aims to achieve profitability by FY25. Nonetheless, the ambitious mid-term vision of exceeding €10 million in sales with a 40+% EBIT margin by FY27 remains a challenging target.