RE: Good profit to be made here: New CEO, New EU PSP licence - Target 214.0p3 Aug 2024 15:23
- Underlying strength: Excluding these challenges, underlying Gross Income grew by 11%.
- Diversification: The company is diversifying its revenue streams, reducing reliance on top-performing markets.
- Investment: Continued investment in expansion and new products is impacting profitability in the short term.
- Outlook: Despite challenges, the company expects a stronger second half and only a slight decline in full-year Gross Income compared to 2023.
- Overall, CAB Payments is facing headwinds in some key markets but is taking steps to diversify and improve its business. The company expects to see better performance in the second half of the year.