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EQS-News: Rubean AG / Key word(s): Development of Sales/Incoming Orders
Rubean AG quintuples turnover in the first quarter of 2024
2024-04-04 / 08:58 CET/CEST
The issuer is solely responsible for the content of this announcement.
Rubean AG quintuples turnover in the first quarter of 2024
. FinTech company's turnover increases by over 500 percent compared to the first quarter of 2023
. Sustainable growth through new customers and business partners
. Cost-cutting measures lead to savings of 10 percent
Munich, April 04, 2024: Fintech company Rubean AG, Munich (ISIN: DE0005120802, WKN: 512080, symbol R1B:GR) has
continued its strong growth throughout the first quarter of the 2024 financial year. According to initial calculations,
turnover increased by 500% to EUR 493,000 in the first three months of the new year (first quarter of 2023: EUR
98,000). The successful rollouts of the Rubean software to the new and particularly large customers acquired last year
are reflected in the first few months of the new year.
In the first quarter of 2024, the company once again acquired important customers and business partners in various
regions and sectors, including a strategic alliance with the global payment network Discover (symbol DFS:NYSE) with the
Diners Club, Discover & PULSE credit cards and with Global Payments (symbol GPN:NYSE) in conjunction with a major
German bank for a further significant market entry in Germany.
The second quarter of 2024 has already got off to a great start. Geopost's Spanish subsidiary, SEUR, has just signed a
contract with Rubean to equip thousands of devices with the Rubean solution.
In addition to the high base effect of the start of strong growth, Rubean is benefiting from the developing scaling in
the area of softPOS solutions. Rubean has also strengthened its rapidly increasing profitability through cost-cutting
measures, which led to savings of around 10 percent in the first quarter compared with the first quarter of the
previous year.
The past considerable investments in research, development and certification up to the market maturity of the Rubean
card acceptance solution PhonePOS are now paying off.
Experience shows that the second quarter is seasonally weaker, while the third quarter and especially the fourth
quarter are expected to be significantly higher, meaning that the annual sales targets of EUR 2.2 million to EUR 2.5
million are easily achievable. Rubean therefore expects revenue to increase by more than 100 percent in 2024 compared
to the previous year 2023.
About Rubean: Rubean AG, Munich, is a leading provider of pure software point-of-sale solutions for
banks, acquirers and merchants. These include the mobile softPOS solution PhonePOS, which enables merchants to receive
card payments directly on their smartphone without the need for an additional device. This solution is used by payment
service providers, major banks, retailers and smaller merchants throughout Europe and is the only softPOS solution that
supports the girocard (ec- card) in Germany. Rubean is listed on m:access as well as on most OTC trading venues and
XETRA.
Further information can also be found at www.rubean.com.
If you have any questions, please contact:
german communications AG
Joerg Bretschneider
Milchstraße 6 B, D-20148 Hamburg
+49 40/46 88 33 0, Fax +49 40/46 88 33 40
presse@german-communications.com
Dr. Hermann Geupel
Rubean AG
Kistlerhofstr. 168, D-81379 Munich
+49 89 357560
hermann.geupel@rubean.com
2024-04-04 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

Archive at www.eqs-news.com  
Language:     English 
Company:      Rubean AG 

Kistlerhofstr. 168
81379 München
Germany

Phone:        089-357560 
Fax:          089-35756111 
E-mail:       info@rubean.com 
Internet:     www.rubean.com 
ISIN:         DE0005120802 
WKN:          512080 
Listed:       Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Munich (m:access), Stuttgart, Tradegate 

Exchange
EQS News ID: 1872849

End of News EQS News Service
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1872849 2024-04-04 CET/CEST

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END) Dow Jones Newswires

April 04, 2024 02:58 ET (06:58 GMT)