MILAN, Nov. 2 (Class Editori) – Matica Fintec, the company specialized in technological solutions for the issuance of digital cards, nano sim and micro simcards for financial and government institutions with high security standards, has its sights set on the Asian market, as the main growth driver in the coming years.
"The Arab market was the first to open up to our products," explained Sandro Camilleri, president of Matica Fintec, which was listed on the Italian Stock Exchange AIM on 11 November, "and today accounts for 30% of the revenue. Another 30% is represented by the work done in the Americas. The area where we aim to grow the most is Asia, a market which, due to price logic and logistical issues, represents the real challenge for the future".
Matica Fintec has just successfully started expanding into the South African market. "The listing is just a new starting point and the African continent is interesting because it shows very significant growth rates. South Africa is the first market and our entry allows us to look at new growth targets", specified Camilleri.
But perhaps more than Africa, the Asian area will be the big challenge. Matica Fintec sells all over the world and more than 95% of its turnover (14 million euros) is made abroad thanks to highly technological solutions that are transforming the world of cashless payments or systems for issuing identity documents (the digital ID), a segment in which Matica is strong.
In the first 9 months of 2019 Matica Fintec had a turnover of 10.2 million, up 9% compared to 9.4 million in the same period of the previous year with the EBITDA at 2.2 million, with a jump of 68% compared to to 1.3 million in the same period of 2018 (22% compared to 14% in the same period 2018).
Three cornerstones of growth: product quality, competitive price and delivery capacity. The development plan launched with the listing necessarily passes through the search for new talent and the open positions in the Galliate (Novara) office increase every day. "We are always looking for engineers and technicians who want to confront the world," confirms the managing director Gabriella Minerva.
Founded in Milan in 1992, Matica System produced embossing machines for engraving metal plates. In 2002 it was purchased by Sandro Camilleri who in 2007 gave the digital turning point by acquiring the branches of the Austrian company Digicard and the Italian company Fractalos Card Lab, both specializing in card issuing systems for large volume productions.
In July 2011, Matica became the largest shareholder of the German company Digital Identification Solutions AG (Diso), a global provider of advanced identification solutions, specializing in governmental and corporate security applications for ID cards, passports and visas with its own EDIsecure brand. New acquisitions are possible but always keeping profitability at the center of attention (adjusted EBITDA is 2.3 million).
The listing operation ended with a premium of 6.9 million euros, all of which with a capital increase with a float of over 33% (rising to 38.39% assuming full exercise of the greenshoe option) which is among the highest on AIM Italia. The growth through internal lines is based on research and development, with investments in R&D exceeding 10% of the annual turnover that allowed us to certify nine patents and obtain the qualification of Innovative SMEs.
"The listing", concludes Sandro Camilleri, "has a highly strategic value for us in favor of growth; the resources collected will be dedicated to increasing our international presence in the e-ID and Digital Payment markets, with particular focus on areas that show higher growth rates. We aim to promote our development through growth through external lines with M&A operations, the strengthening of research and development to anticipate the technological evolution of the sector and the optimization of the production process to maintain high quality standards".
(Source:Class Editori)
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