DIAS SA financial figures for the fiscal year 2022 recorded double-digit growth rates, for a second consecutive year. Specifically, the company’s total revenues increased by 13%, reaching 14.64 million euros, profits before taxes increased by 22%, rising to 6.17 million euros, while profits after taxes increased by 19%, reaching 4.73 million euros.
Compared to the fiscal year 2020, profits have more than doubled, with DIAS’s pre-tax profits to have increased by 141% (€2.56 million in 2020) and after-tax profits by 155% (1.86 million euros in 2020). The dividend to be paid to shareholders is set at 4.19 euros per share.
The increase of invoiced transactions by +12% compared to 2021 and +26% compared to 2020, contributed -among others- to the strong profitability of 2022. In comparison, the corresponding annual increase in 2020 compared to 2019 was <1%. Specifically, transactions of instant interbank fund transfers increased by 121%, of which IRIS P2P transactions increased by 214% compared to 2021. It is noted that, since December 2022, banks participating in IRIS P2P do not impose fees on transactions of this service, resulting to a further boost of it, replacing the use of cash. Over 97% of instant fund transfers are processed in less than 5 seconds.
At the Ordinary Annual General Meeting of Shareholders, which was held on June 19th, 2023, DIAS’ CEO, Stavroula Kampouridou, stated:
“DIAS in 2022 processed 368 million transactions, worth 407 billion euros. According to data of January-May 2023, our figures are moving with double-digit growth rates for the 3rd year in a row. It seems that in 2023 we will be able to break the 400 million transactions barrier, with a total value of more than 450 billion euros, when in 2020 the transactions were at 292 million.
The IRIS P2P product has over 1.7 million users, and is expected to exceed 2 million users in 2023. The further strengthening of the “IRIS” brand name through the use of Person to Person will positively contribute to the further spread of the IRIS Person to Business service for payment of freelancers, as well as of the IRIS e-commerce service for payment in online stores. Our goal for the next three years should be to strengthen the IRIS product for interbank Account-to-Account (A2A) payments in retail, as today they represent 18% of the value of European e-commerce transactions, but less than 1% in Greece.
For 2023, instant payments will continue to play a leading role in the company’s products, while we expect the expansion of their use in all DIAS interbank transactions, and in line with the pending amendment of the European SEPA Regulation regarding instant payments.
Moreover, during the first half of the year, the IBAN verification interbank functionality went live and the use of the RF/QR payment code for collections is intensifying, while its full adoption by DIAS’s- affiliated businesses by 2023 is set as a clear goal.
Finally, we will continue on a steady pace the digitization of the company, the improvement of the corporate governance framework, as well as the reduction of its energy footprint”.
For more information read the Financial Annual Report 2022.