21 Jan 2015 07:00
SafeCharge International Group Limited
("SafeCharge" or the "Company")
Trading Statement
SafeCharge (AIM: SCH), the international provider of payments services, risk management and IT solutions for online businesses, provides the following trading update ahead of its 2014 full year results which will be announced in the latter half of March 2015.
Trading in the fourth quarter continued to be strong. As a result, the Company expects that Adjusted EBITDA* for the full year will be ahead of market expectations and at least US$24.5 million.
In addition to the strong trading performance, the period was notable for a number of operational advances including the Company receiving approval for Issuing Activity by MasterCard Europe and the separate acquisitions of CreditGuard and 3V Transaction Services. These acquisitions, which completed in the second week of January, will expand SafeCharge's product offering and accelerate entry into new markets.
December was an extremely strong month for the Company. This momentum has continued into January and the Directors look forward with confidence for the 2015 financial year.
*Adjusted EBITDA is calculated after adding back certain non-cash charges and cash expenses including those relating to professional costs incurred in respect of the Company's Initial Public Offering and terminated projects.
- Ends -
For more information:
SafeCharge International Group Limited David Avgi Tim Mickley
| +44 (0) 20 3051 3031 |
Shore Capital Pascal Keane Toby Gibbs
| +44 (0) 20 7408 4090 |
Bell Pottinger David Rydell Olly Scott James Newman
| +44 (0) 20 3772 2500 |
About SafeCharge
SafeCharge International Group Limited is a global provider of payments services, risk management and IT solutions for online 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 (CBC), and a principal member of MasterCard Europe and Visa Europe. The SafeCharge group has operations in the UK, Cyprus, Bulgaria, Israel, Germany and Austria.
www.safecharge.com