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SafeCharge Int Grp (SCH)

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Thursday 18 January, 2018

SafeCharge Int Grp

Pre-close trading update and Notice of results

RNS Number : 1679C
SafeCharge International Group Ltd
18 January 2018
 

SafeCharge International Group Limited

 

("SafeCharge", the "Company" and together with its subsidiaries, the "Group")

 

Pre-close trading update and Notice of results

 

SafeCharge (AIM: SCH), a leader in advanced payment technologies, provides the following pre-close trading update for the year ended 31 December 2017.

 

The Group generated record revenues and transaction processing volumes in Q4, with the latter exceeding US$ 1 billion for the first time in December. This excellent Q4 performance followed a strong performance during Q3.

 

The Company expects that its results for the full year will be in line with market expectations, with revenues for 2017 in the range of US$111-112 million and Adjusted EBITDA* in the range of US$33-34 million.

 

The Board reiterates its view that the full year dividend will total 75% of Adjusted EBITDA* for the period.

 

With robust current trading, a strong sales pipeline and new clients set to join the platform, the Directors look forward with confidence to the 2018 financial year.

 

Notice of results

 

The Company will announce its results for the year ended 31 December 2017 on 14 March 2018.

 

- Ends -

 

* 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.

 

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

Elena Kalinskaya

 

+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 omnichannel 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

 

 

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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