RE: Re: RNS25 May 2016 08:24
Key Highlights
- Further to the update on trading given at the Group's results in March, the positive momentum from FY 2015 has continued throughout the period to date. Strong growth in Payment Processing and Digital Wallets is contributing to a particularly favourable performance year to date.
- Full year revenue is now expected to be in the range of $950m - $970m, ahead of market consensus of $911m(1).
- The integration of Skrill remains on track to be substantially completed during Q3 2016. The final update on the integration project will be given with the H1 2016 results. Anticipated FY 2016 synergy savings are expected to be in line with those previously announced.
- Paysafe continues to invest in its compliance and risk management functions, along with the geographic expansion of the Group's paysafecard business.
- Paysafe expects full year adjusted EBITDA(2) to be in the range of $270m - $276m, compared to market consensus of $260m(1).