Updates

Paysafe - Trading ahead of expectations

September 2016

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Paysafe’s interims were accompanied by further upgrades to management’s guidance for full year revenues and EBITDA. Having said only in May (see that month’s SCSW) that full year revenue was expected to be in the range of US$950m - US$970m with EBITDA of US$270-US$276m, management have now upgraded this to revenue of US$$970m-US$990m and EBITDA of US$287m-US$293m.As it was, for the first six months, sales increased 118% to US$487m and adjusted EBITDA increased by 189% to US$144m – 12% ahead of consensus estimates. Adjusted H1 2016 EBITDA margin was 29.6%, up from 22.4%. Eps were 20 cents, up 91% from 11 cents. Paysafe has clearly come a long way since the dark days before April ‘15 when it bought Skril ...

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32Red

Empresaria

Paysafe - 590p cash bid approach (August 2017)

Paysafe - Confirms 31%+ EBITDA margins (June 2017)

Paysafe (April 2017)

Paysafe - Deutsche Bank raises target to 600p ahead of CEOs bold acquisition (February 2017)

Paysafe - US$0.5bn headroom for deals and soon-to-be prospective PE only 10.8 (December 2016)

Paysafe - Will beat even upgraded expectations (June 2016)

Paysafe - Shares move to new high following results (April 2016)

Paysafe (February 2016)

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