The online payment company's H117 results show organic constant currency growth is slowing to low double digit rates.
Companies: Paysafe Group
In a morning of broadly flat share trading, Edison has released a note outlining the recent results of Paysafe's H117 results. After a significant period of revenue growth and profitability, helped by the strong growth and margins of the group's Asia Gateway business, revenue growth of 11% was reported.
The Group achieved organic constant currency growth of 12% for H117, compared to 20% and 21% in H116 and H216 respectively. Once the major merchant is excluded, this moderated to 10%.
The digital payment solutions company also reported an EBITDA margin of 31.4% - better than the company’s guidance for a margin of at least 30.1%.
After a reported EPS growth for 2016 of almost 300%, this is forecast to slow to growth of 60% in 2017 and 11% in 2018.
The stock is trading at a stable 584p today, after shares in the FTSE 250 company climbed 37p to 579p after a £2.9 takeover bid from Blackstone and CVC late last month.
