E7 Group PJSC

E7 Group has partnered with SAP to implement a unified cloud-based Enterprise Resource Planning (ERP) solution, enhancing its digital infrastructure and improving key business functions. This partnership, following a rigorous evaluation process, is part of E7's growth strategy aimed at improving customer experience and operational efficiency. SAP's solutions will centralize and automate processes, providing real-time data, increased resilience, and future-proof capabilities. This collaboration supports E7's goal to expand globally and boost competitiveness by enhancing digital capabilities. The implementation will be managed by NTT DATA Business Solutions. E7 Group, established in 2006 in Abu Dhabi, operates in security solutions, commercial printing, distribution, and sustainable packaging.

On 12 August 2024, the Board of Directors of E7 Group PJSC held a meeting in Abu Dhabi at 3:00 p.m. The board approved the company's financial statements for the second quarter ending 30 June 2024 and discussed other general business matters. The notification was issued by the Disclosures and Compliance Section, Market Operations Surveillance Department of the Abu Dhabi Securities Exchange. The information was also copied to the Securities and Commodities Authority. The notice was signed by Clinton Genty-Nott, the Board Secretary.

E7 Group PJSC reported significant financial growth for the first half of 2024, with a net profit increase of 93% and EBITDA growth of 4%. In Q2 2024, the company achieved a 126% rise in net profit and a 31% increase in EBITDA, driven by securing key contracts across all business segments. The Group's revenue for Q2 2024 grew by 10% year-on-year to AED 174.8 million, contributing to a 5% year-on-year growth for H1 2024. EBITDA for Q2 2024 was AED 51.9 million, reflecting a 31% year-on-year improvement and an EBITDA margin increase to 30%. The company secured new contracts worth AED 285.3 million in H1 2024 and maintained strong cash and bank balances of AED 1.28 billion. E7 Group's segments in printing, security, packaging, and distribution continued to expand their market presence and execute strategic initiatives.

The Board of Directors of E7 Group PJSC will hold a meeting on Monday, 12 August 2024, at 3:00 p.m. in Abu Dhabi. The agenda includes reviewing the company's financial statements for the second quarter ending 30 June 2024 and discussing other general business matters. The notification is issued by Clinton Genty-Nott, the Board Secretary, and a copy has been sent to the Securities and Commodities Authority.

E7 Group PJSC, a leading UAE provider of commercial printing, security solutions, sustainable packaging, and distribution services, announced an AED 182 million investment in its security solutions segment, E7 Security. This investment aims to expand E7's passport manufacturing capacity and support its entry into digital tax stamp production. The initiative is part of E7's broader growth strategy and follows its recent market expansions and strategic partnerships. The planned production of digital tax stamps will begin in 2026, aligning with global efforts to combat illicit trade. Additionally, E7 plans to increase its passport production capacity fivefold by 2026, enhancing its market reach and incorporating advanced security features. The announcement underscores E7's commitment to innovation and long-term growth in high-value security solutions.

Abu Dhabi-based E7 Group has announced a net profit before tax growth of 42% year-on-year in Q1 2024. The company, which provides commercial printing, security printing and solutions, sustainable packaging, and distribution services, attributes the strong trading period to continued economic growth in the UAE and increased demand for its expanding product suite. E7 Group's revenue remained stable year-on-year, with a slight 1% decrease to AED 126.0m due to a revised delivery schedule for a key contract. However, it expects EBITDA to improve throughout the year due to the phasing of delivery plans. The company also unveiled a new growth strategy aimed at sustainable profit growth, improved customer service, and diversification into high-value adjacent verticals.

The text is a review report and condensed consolidated interim financial information for E7 GROUP P.J.S.C. This report covers the financial performance of the company for the three-month period ending on 31 March 2024.

The Abu Dhabi Securities Exchange (ADX) has issued a circular (19/2024) announcing a temporary suspension of trading on E7 Group shares. This follows the results of the E7 Group Company's General Assembly Meeting on 24/04/2024, where approval was given for the company's share split in line with Article (10/11) of the Listing and Disclosure Rules of the Operating Market. The trading suspension will take place on Friday, 03 May 2024 and Monday, 06 May 2024 due to the entitlement date of the Bank's shares split on 02/05/2024. Trading is expected to resume on Tuesday, 07 May 2024.