LONDON (Alliance News) - SafeCharge International Group Ltd on Wednesday said it expects to report annual revenue "above market expectations" and processed volumes up 40% on 2017 after strong trading ahead of its year-end.
For 2018, the payments technology company expects revenue in the range of USD135 million to USD138 million. Revenue in 2017 came in at USD111.7 million.
The level of processed volumes for the year is anticipated at USD14 billion, an increase by 40% on the prior year.
"The company continued its platform development and investment in sales and marketing to support future growth and accelerate the group's entry into new verticals and geographies. As such, adjusted earnings before interest, taxes, depreciation and amortisation is expected to be in line with market expectations," SafeCharge said.
For 2019, the company said it is ready to enter the year with an expanded client base and strong pipeline, boosting its confidence.
Furthermore, the company appointed Hadar Michaelis as chief operational officer, replacing Yuval Ziv who became chief commercial officer.
SafeCharge shares were trading up 1.6% at 258.19 pence each.
