Mid-year financial review 2019-2020: Global strategy boosts sales and profit gains
In the 2019/20 financial year, OeSD Holding AG, a leading Austrian company, reported an impressive growth trajectory, as highlighted in their annual report available at this link: https://www.unsere-website/investor-relations/berichte-publikationen/
The company's comprehensive income for the period increased significantly, reaching EUR 4.3 million, up from EUR 3.2 million in the previous year. This growth was reflected in the earnings before tax (EBIT), which rose to EUR 6.1 million, an improvement from EUR 4.5 million in the previous year.
Lukas Praml, CEO of OeSD Holding AG and youniqx Identity AG, stated that with youniqx Identity AG as a subsidiary start-up, they are successfully addressing the digital identity questions of states, companies, and private individuals in the 21st century. youniqx Identity AG has made a strong impact in the digital market, with solutions for secure identity verification via video call ("MICK") and the innovative security solution "chainlock" for secure offline storage of digital values in the blockchain.
The success of youniqx Identity AG was evident in their win at the Austrian Federal Economic Chamber's "Africa Innovation Challenge". The company was also awarded the contract for the introduction of an identity solution ("eID") in Liechtenstein, further expanding their international reach.
OeSD's international market growth strategy has resulted in a significant increase in foreign sales, with a notable jump from EUR 2.3 million to EUR 7.1 million in the first half of 2019/20. This growth has contributed to the creation of more jobs in Austria, with the average number of employees increasing from 153 to 156 in the first half of the financial year.
Domestic sales of Austrian ID documents remained steady at EUR 24.9 million during the same period. The production of forms for Austrian federal elections decreased, but this was offset by the successful launch of the "MIA" app, designed to allow users to identify themselves electronically via smartphone.
Despite these positive developments, the financial earnings remained at EUR -0.1 million, resulting in earnings before tax of EUR 6.0 million (previous year: EUR 4.3 million). The number of workers decreased slightly from 54 to 51, while the number of salaried employees increased from 96 to 101. The number of apprentices remained the same at 4.
From 2020, Liechtenstein citizens will be able to use the "MIA" app for digital administrative procedures and online authentication, further expanding the app's reach and OeSD's influence in the digital identity market. The company continues to innovate and grow, positioning itself as a leader in digital identity solutions.
In the realm of technology, youniqx Identity AG, a subsidiary of OeSD Holding AG, has made a significant impact in the digital market by providing secure identity verification solutions like "MICK" and "chainlock".
The company's growth strategy, focusing on finance and business, has led to an increase in foreign sales, reaching EUR 7.1 million in the first half of 2019/20, contributing to the expansion of their business globally.
