SafeCharge International Group Ltd Pre-close trading update and Notice of results (6639M)
10 January 2019 - 6:00PM
UK Regulatory
TIDMSCH
RNS Number : 6639M
SafeCharge International Group Ltd
10 January 2019
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 leading payments technology company,
provides the following pre-close trading update for the year ended
31 December 2018.
The Company is pleased to announce that the strong momentum
reported in its last trading update issued on 28 November 2018
continued into December with record revenues and transaction
processing volumes in Q4 2018. The Group's processed volume for
2018 grew by 45% to US$13.9 billion, compared to US$9.6 billion in
2017. The Group expects that its revenue for 2018 will be at the
top-end of management expectations, with revenue for the full year
in the range of US$137.5-138.5 million, and Adjusted EBITDA* in
line with management expectations in the range of US$36.5-37.5
million.
The Board reiterates its view that the full year dividend for
2018 will total 75% of Adjusted EBITDA* for the period.
With robust current trading, an expanded client base and strong
sales pipeline, the Directors look forward with confidence to the
2019 financial year and beyond.
Notice of results
The Company will announce its results for the year ended 31
December 2018 on 13 March 2019.
- Ends -
(*) Adjusted EBITDA is a non-GAAP, company-specific measure
which is earnings excluding finance income, finance expense, taxes,
depreciation, amortisation, acquisition costs and contingent
remuneration, restructuring and settlement costs, and share-based
payments charge.
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
Toby Gibbs
Mark Percy +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 omni--channel payments services from
card acquiring and issuing 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 AIM market of the London Stock Exchange since
2014.
www.safecharge.com
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END
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