Paysafe released Management Statement
Paysafe Group plc (LSE: PAYS, “Paysafe” or the “Group”), a leading global payment provider, issues the following Interim Management Statement covering the first three months of the financial year 2017, ahead of the Annual General Meeting at 11.30am today in the Isle of Man.
Key Highlights
- Paysafe continues to perform in line with management expectations expressed at the Group’s full-year results for 2016.
- Paysafe reiterates its FY 2017 guidance of low double-digit organic revenue growth, and to at least maintain a 30.1% adjusted EBITDA1 margin in FY 2017.
- Adjusted cash conversion2 remains strong. The Group continues to de-lever even after returning £22.4m of capital to shareholders in the form of a share buyback during the first three months of the year.
Paysafe President and Chief Executive Officer Joel Leonoff said:
“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.
We believe Paysafe’s differentiated and relevant products and services position us very well in a rapidly-evolving payments industry.”
Source: PaySafe
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