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Trading statements

Paysafe Group continues to perform in-line

08 November 2016 07:23

Paysafe Group said it is on track to achieve the upgraded revenue and adjusted EBITDA projections for the current financial year, which it set out at the time of its H1 results in August.

Its expectations for revenue and adjusted EBITDA remained unchanged, with revenue in the range of $970m-$990m, and an adjusted EBITDA range of $287m-$293m, based on an adjusted EBITDA margin of 29.6%.

This would be while "maintaining our focus on further expanding our payments business and enhancing our core technology platform," said CEO Joel Leonoff in a statement.

"We remain focused on delivering innovative payment solutions that serve the evolving needs of the merchants we work with and look forward to updating the market on our FY 2016 results in early 2017."

Story provided by StockMarketWire.com

Related Company: PAYS

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