Paysafe Group’s AGM trading update confirms that business has been robust year to date, with Payment Processing and Digital Wallets showing particularly strong performance. Management expects to generate FY16 revenues and EBITDA ahead of market expectations. We have upgraded our forecasts to reflect stronger trading, resulting in EPS upgrades of 5.0% for FY16e and 7.7% for FY17e.

02 Jun 2016
Strong trading continues through H116

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Strong trading continues through H116
Paysafe Group (PAYS:LON) | 0 0 0.0% | Mkt Cap: 2,787m
- Published:
02 Jun 2016 -
Author:
Katherine Thompson -
Pages:
4 -
Paysafe Group’s AGM trading update confirms that business has been robust year to date, with Payment Processing and Digital Wallets showing particularly strong performance. Management expects to generate FY16 revenues and EBITDA ahead of market expectations. We have upgraded our forecasts to reflect stronger trading, resulting in EPS upgrades of 5.0% for FY16e and 7.7% for FY17e.