28 Jun 2016 07:00
SafeCharge International Group Limited
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("SafeCharge" or the "Group")
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Trading statement
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SafeCharge (AIM: SCH), the global provider of payments services, technologies and risk management solutions for online and mobile businesses, provides the following trading update for the first six months of 2016.
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The Group has enjoyed strong trading in the first half. As a result, Adjusted EBITDA* for the period will be comfortably ahead of US$16 million and the Directors are very confident of the outcome for the full year.
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The Directors confirm that the US dollar is theΒ Group's functional andΒ most significant currency in terms of contribution to revenues and that nearly 80% of the Group's cash is held in US dollarsΒ withΒ sterlingΒ balances representing less thanΒ 5%.
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*Adjusted EBITDA is a non-GAAP, Company-specific measure which is earnings excluding interest, taxes, depreciation, amortisation, acquisition costs and contingent remuneration, restructuring costs and share based payments charge.
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- Ends -
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For more information:
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SafeCharge International Group Limited David Avgi Tim Mickley Β | +44 (0) 20 3051 3031 |
Shore Capital Dru Danford Mark Percy Toby Gibbs Β | +44 (0) 20 7408 4090 |
Bell Pottinger David Rydell Olly Scott James Newman Β | +44 (0) 20 3772 2500 |
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About SafeCharge
SafeCharge International Group Limited is a global provider of payments services, technologies and risk management solutions for online and mobile businesses. The SafeCharge group has a diversified, blue chip client base and is a trusted payment partner for customers from various e-commerce verticals. SafeCharge has been Payment Card Industry Data Security Standard ("PCI-DSS") Level 1 certified since 2007 and is listed on the London Stock Exchange AIM market (LSE: SCH). The Company's wholly owned subsidiary, SafeCharge Limited, is an authorized Electronic Money Institution regulated by the Central Bank of Cyprus and a principal member of MasterCard Europe and Visa Europe. The SafeCharge groupΒ has operations in the UK, Cyprus, Bulgaria, Israel, Germany, Austria and Ireland.
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www.safecharge.com
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