UK listed payment solutions provider Paysafe Group plc which is traded on the London Stock Exchange (LON:LSE) under the ticker PAYS, today announced that its 2016 revenues are expected to exceed market expectations. This was indicated by the strong momentum that delivered the company’s 2015 results, which have continued into the early part of 2016.
Paysafe has said that revenue for 2016 is anticipated to be in the range of $950-$970 million, ahead of the market consensus of $911 million.
The company also expects full year adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) to be in the range of $270-276 million, once again, exceeding the market consensus of $260 million. The positive outlook has also been reflected by stock market analysts who have recently updated their consensus ratings on shares of Paysafe Group.
As part of its growth plans, Paysafe continues to invest in its compliance and risk management functions, along with the geographic expansion of the group’s paysafecard business.
The company has also reported that the integration of Skrill remains on schedule and will be completed during Q3 2016. A final update on the integration project will be provided with the H1 2016 results.