H1 2022 has seen increasing transaction volumes and revenue growth compared to 2021, especially within Merchant Services. This despite 2022 starting in the same fashion as 2021 with lockdowns in most markets. Despite this it was a good start to the year, and in late Q1 2022 almost all lockdown effects where discontinued.
Cost of sales in H1 2022 was EUR 32 million (H1 2021: EUR 22 million), which was an increase of 35% from H1 2021. This was mainly driven by Merchant Services and higher activitylevel