Smartphoto reports half-year revenue increases 2.5%, profit jumps 32.4%

Smartphoto Group reports revenue for the first six months of the year by 2.5%, up from 29.3 million euro last year to 30.03 million euro of June 30 . Both segments, smartphoto and naYan, contributed to this. The net profit over the first half of 2023 increased by 32.4% to 1.29 million euro, compared to 975K euro a year earlier.

In the first half of the year, the product range of personalized products and gifts within the smartphoto segment was further expanded, the company said. Among others in the category of ‘Embroidered products’, in addition to a towel set, it is now possible to find a bath poncho, a backpack, a toiletry bag, a baseball cap or a fishing hat; personalizable with name or text.

The expansion of products will continue in the second half of the year, the company said. In the month of July the product category ‘Name labels & stickers’ was added, where name labels, name stickers, name stamps, or name plates can be personalized with a name, symbol, text, and/or photo.