29 Nov 2017 07:00
SafeCharge International Group Limited
("SafeCharge", the "Company" and together with its subsidiaries, the "Group")
Trading Statement
SafeCharge (AIM: SCH), a leader in advanced payment technologies, provides the following update.
Trading update
Trading ahead of the 2017 year-end has been strong, as a result the Group's financial performance for the full year is expected to be in line with market expectations.
The Company continues to make considerable progress with its strategy of winning Tier 1 customers within both traditional verticals and in new target verticals and markets:
· | Traditional verticals: the Group is benefiting from increasing high quality revenue streams following recent Tier 1 client wins including Plus500, 888, Bet365, PaddyPower and EuroBet. |
· | New verticals: the Group is now processing transactions for a growing number of online retail, travel and airline operators, including being the first to launch WeChat Pay in-store in the UK. |
· | Continued investment in infrastructure & processing technologies to support future growth. |
Senior Management Appointment
SafeCharge today announces the appointment of Nicolas Vedrenne as Chief Business Development Officer effective from 1 December 2017. Nicolas joins us from the Merchant Risk Council (MRC), where he was Managing Director for Europe.
Commenting on the appointment, David Avgi, CEO of SafeCharge, said:
"I would like to welcome Nicolas to SafeCharge's management team. He brings over 20 years' experience in senior managerial and business development positions in the payments industry. We will continue to focus and invest further to build our sales teams to accelerate a successful entry into new target sectors and geographies, and I look forward to working closely with Nicolas to enhance this."
Outlook
The Board is encouraged by the Company's strong performance during the second half of the year. The Group will enter 2018 having expanded its Tier 1 customer base, with customers in new sectors, including travel and retail, and new markets, and with a strong pipeline which provides confidence for 2018 and beyond.
- Ends -
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
Enquiries
SafeCharge International Group Limited David Avgi, Chief Executive Officer Tsach Einav, Chief Financial Officer c/o FTI Consulting
| +44 (0) 20 3727 1725 |
Jean Beaubois, Head of Investor Relations
| +44 (0) 7826 936619 |
Shore Capital Mark Percy Toby Gibbs
| +44 (0) 20 7408 4090 |
FTI Consulting Matthew O'Keeffe
| +44 (0) 20 3727 1725 |
About SafeCharge
SafeCharge International Group Limited (AIM: SCH) is the payment service partner for the world's most demanding businesses. SafeCharge provides global omni‐channel payments services from card acquiring and issuance to payment processing and checkout, all underpinned by advanced risk management solutions. This fully featured proprietary payment platform connects directly to all major payment card schemes including Visa, MasterCard, American Express and Union Pay as well as over 150 local payment methods. With offices around the world, SafeCharge serves a diversified, blue chip client base and is a trusted payment partner for customers across a range of vertical markets. The Company has been listed on the London Stock Exchange AIM market since 2014.
www.safecharge.com
SafeCharge (SCH)