Keeps targets steady
Paysafe Group says in line with expectations in Q1
The company has reaffirmed its guidance for the full year in 2017 to deliver low double-digit organic revenue growth, and to maintain at least a 30.1% margin in earnings before income, tax, deprecation and amortization for the year.
2017-05-09
Reading time 33 seg
The company has reaffirmed its guidance for the full year in 2017 to deliver low double-digit organic revenue growth, and to maintain at least a 30.1% margin in earnings before income, tax, deprecation and amortization for the year.
Cash conversion has remained strong, with Paysafe still de-levering despite the return of GBP22.4 million of capital to shareholders through a share buyback.
"Paysafe has had a strong start to 2017 and each of our divisions is performing as expected. Our business continues to benefit from the disciplined execution of our strategy. Paysafe is focused on driving sustainable organic growth, providing state-of-the-art technology, delivering relevant niche oriented payment solutions, nourishing an entrepreneurial company culture and identifying and integrating bold acquisitions," said President and Chief Executive Officer Joel Leonoff.
Shares in Paysafe Group opened up by 0.2% at 463.20 pence on Tuesday.
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