LONDON (Alliance News) - Online payments company Paysafe Group PLC on Friday said its revenue and adjusted earnings for 2015 are set to come in ahead of expectations following strong growth in its product lines.
The company said its revenue for the year to the end of December is expected to hit around USD600.0 million, with USD380.0 million of that generated in the second half thanks to good growth across product lines, particularly in its North American processing arm.
Paysafe also expects adjusted earnings before interest, taxation, depreciation and amortisation for the year to be around USD150.0 million, with USD100.0 million coming from the second half. The adjusted numbers strip out exceptional items.
Paysafe added that the acquisition of digital payments group Skrill, completed in August, was progressing well, with synergy savings in the second half to be at the top of its previously-guided range of USD5.0 million to USD10.0 million.
In addition, the company noted it started trading on the London Stock Exchange's Main Market in December and expects to be considered for inclusion in the FTSE 250 when the next quarterly review takes place.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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