Safecharge claims ‘outstanding’ first year as a public company
The firm posted full-year revenue of US$ 76.9 million (€72.5 million), up 78% on the $43.2 million achieved in the previous year,
Gross profit jumped 79% year-on-year to US$ 44.5 million while adjusted net profit hiked 122% to US$ 21.3 million.
Elsewhere, adjusted earnings before interest, tax, depreciation and amortisation increased 119% to US$ 24.7 million while reported tax after cash amounted to US$ 20.8 million.
Safecharge also noted that its cash balances at the end of the year amounted to US$ 146.5 million, which represents huge growth on the US$ 11.8 million at the end of the previous 12 months. “It is a privilege to present such an outstanding set of results in our first year as a public company,” Withers said. “I congratulate David Avgi (chief executive officer) and the whole of the SafeCharge team, for an excellent performance during a landmark period for the group. “We entered the year trading strongly with financial strength to pursue our stated M&A strategy.”
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