FF News Logo
Monday, October 13, 2025
FF Awards Leaderboard Banner

SIA: The Board of Directors Approves The 2019-2021 Strategic Plan

The Board of Directors of SIA, meeting under the chairmanship of Giuliano Asperti, has examined and approved the draft financial statements and the consolidated financial statements at 31st December 2018.

The results achieved by SIA Group show strong growth, in terms of revenues and EBITDA, over those of the 2017 financial year, also thanks to the positive contribution of the Parent Company, of subsidiary P4cards and  in the final quarter – of the other companies acquired in central and south-eastern Europe, in addition to the significant rise in electronic payment transactions with cards and traffic volumes on the SIAnet network.

The achievement of these results was made possible thanks to the quality of the solutions offered and the absolute reliability in the management of “mission-critical” infrastructures, with service availability levels of the highest standards on the market.

MAIN ECONOMIC-FINANCIAL RESULTS OF SIA GROUP

In 2018, Group revenues rose to €614.8 million with a growth of €47.6 million (+8.4%) over 2017. The Cards segment accounts for 63% of revenues, the Payments segment 19% and Institutional Services 18%.

At geographic level, revenues in Italy totaled €466.5 million, up €15.2 million (+3.4%), while those from abroad reached €148.3 million, an increase of €32.4 million (+27.9%).

Operating costs amounted to €414.7 million compared to the €390.2 million of 2017 (+6.3%), of which staff costs accounted for €182.5 million (+4.2% compared to the previous year).

At year end SIA Group had 3,465 employees – including the approximately 1,400 people who joined the Group as a result of the acquisition of the cards processing business from First Data in central and south-eastern Europe – with an increase of around 70% over 2017.

220 people were hired at Group level in 2018.

In 2018, the gross operating margin (EBITDA) increased to €201.4 million, up by €21.6 million (+12%) and EBIT rose to €122.3 million, up by €13.8 million compared to the previous year (+12.7%).

Adjusted EBITDA, which does not take account of extraordinary events and operations, amounted to €222.1 million compared to the €203 million of the previous financial year (+9.4%).

The pre-tax result was €110.3 million, up €10.2 million (+10.2%), while net profit stood at €79.5 million, substantially in line with 2017, taking into account the lower tax benefits deriving from the “Patent Box”.

At the end of 2018, the net financial position went up to €723.9 million from €379.7 million (+91%) due to the abovementioned extraordinary acquisition from First Data.

The operating investments made in 2018 amount to €52.1 million as opposed to the €67.7 million of 2017, down by €15.6 million (-23%).

  1. EXCLUSIVE: “Passion Project” – Brice van de Walle, Mastercard in ‘The Fintech Magazine’ Read more
  2. FreedomPay Drives Global Merchant Innovation Read more
  3. FIS Brings AI-Powered Advancements to Seamless, Personalized Digital Banking Experiences Read more
  4. Citi Ventures Invests in BVNK to Power the Next Generation of Financial Infrastructure Read more
  5. Nearly Two-Thirds of Global Retailers Say Payment Method Flexibility Drives Revenue Growth, ACI Worldwide Survey Finds Read more
ITC Vegas