Increased sales revenue: The state printing company expanding its reach domestically and internationally with printed goods
The Austrian State Printing House (OeSD) is celebrating its latest achievements in the global market, with consolidated sales expected to reach between EUR 62 and EUR 65 million by the end of March. This success is largely attributed to the efforts of its employees, according to the Chairman of the Board.
OeSD, an internationally operating high-security and technology company, has made a significant impact in the physical and digital identity solutions sector. This success is primarily due to its award-winning subsidiary, YOUNIQX Identity AG, which has partnered with global technology companies such as Nok Nok and OneSpan. Together, they deliver advanced electronic identity (eID) systems and authentication technologies that are trusted by major banks, mobile network operators, and large brands worldwide.
Advanced authentication technology, a focus on security and usability, global and industry recognition, and strategic partnerships have been key factors in OeSD’s international success. Their platform supports internet-scale deployments, is compatible with all major devices and operating systems, and features intelligent credential detection, quick authentication, flexible multi-method authentication support, transparent migration from legacy biometric systems, and granular adaptive policies. This combination addresses fundamental password security issues while enhancing user convenience and consistency, particularly for e-commerce.
The establishment of the employee foundation in 2012 is a testament to the achievements of OeSD employees and serves as an additional recognition of their hard work. The foundation further strengthens the company's commitment to its employees and their contributions to OeSD's success.
In the digital solutions sector, OeSD is set to launch an eID app in Liechtenstein, developed entirely by its own software company, youniqx Identity AG. Major orders for physical ID documents, particularly from the African region, have also contributed to the positive international sales figures.
By the end of the 2019/20 financial year in March, OeSD is expected to report its highest-ever foreign sales, around EUR 20 million. The Austrian State Printing House has successfully combined analogue and digital business in Africa and Europe, demonstrating its versatility and adaptability in diverse markets.
Austria serves as a strong base for the international expansion of the Austrian State Printing House, providing a strategic advantage in its continued growth and success in the global market for secure physical and digital identity solutions.
OeSD's successful expansion in the global market, as seen by the anticipated EUR 20 million in foreign sales by the end of the 2019/20 financial year, is not only a result of its versatility and adaptability in diverse markets, but also a reflection of its strong presence in the finance sector, particularly through partnerships with major banks. The company's innovative digital solutions, such as the upcoming eID app in Liechtenstein, further strengthen its position in the finance industry and demonstrate its commitment to enhancing business through advanced technology.
