Press releases, Reports & Disclosures for E7 Group PJSC

E7 Group reported a net profit growth of 82% for the first nine months of 2024 and introduced a new dividend policy aiming to return 50% of distributable annual net profit to shareholders while maintaining strong cash reserves. In the third quarter, the company achieved a 70% increase in net profit and a 6% growth in EBITDA, driven by continued momentum in core businesses. The company's revenue for Q3 2024 was AED 190.9 million, a 7% increase year-on-year, with significant growth in the packaging segment. For the nine-month period, revenue reached AED 491.7 million, up 6% from the previous year. E7 Group plans to invest in capacity expansion, particularly in security solutions and sustainable packaging. The Group holds over AED 1.4 billion in cash and cash equivalents for strategic growth initiatives. The company also secured a contract worth AED 115.5 million for security printing and solutions and partnered with SAP for a digital transformation initiative.

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.