Press releases, Reports & Disclosures for E7 Group PJSC

E7 Group, a provider of commercial printing, security solutions, sustainable packaging and distribution services, has confirmed three new security solutions contracts in Africa and LATAM. The contracts, worth AED 12.9 million, cover the provision of electronic identification (eID) and driving license ID solutions. This expands the group's reach beyond the UAE and Middle East, now serving clients in 25 countries. The group's security solutions sector is its primary growth driver, with continuous expansion of its client base and exploration of opportunities in biometrics, digital identity solutions, and full systems integration. E7 Group recently reported an 11% increase in annual revenue to AED 651.9 million and a 106% increase in operational net profit to AED 140.3 million in FY 2023.

The Board of Directors of E7 Group PJSC will convene a meeting on 25 March 2024 in Abu Dhabi. The agenda includes reviewing the company's audited financial statements for the financial year ended 31 December 2023, approving the invitation and agenda for the Annual General Meeting (AGM) for the Financial year 2023 and determining its date, discussing the share split and share buyback, discussing business strategy and growth initiatives, and addressing other general business matters.

E7 Group, a commercial printing, security printing, solutions, sustainable packaging and distribution services provider listed on the Abu Dhabi Securities Exchange, reported a 110% year-on-year increase in its operational net profit for FY2023, driven by a 45% growth in EBITDA. The Group recently listed as a de-SPAC entity on ADX, following a successful business combination between ADC Acquisition Corporation PJSC and United Printing and Publishing, which made AED 1.1bn available to E7 Group. This funding is expected to accelerate E7's growth in the security solutions and sustainable packaging sectors, and support future digitalization and talent investments. E7 also reported a 10% year-on-year revenue growth to AED 631.9m, driven by new customer wins in the security solutions, commercial printing and sustainable packaging segments.