Pre close trading update
Pre-close trading update and Notice of results
SafeCharge (AIM: SCH), a leading payments technology company, provides the following pre-close trading update for the year ended 31 December 2018.
The Company is pleased to announce that the strong momentum reported in its last trading update issued on 28 November 2018 continued into December with record revenues and transaction processing volumes in Q4 2018. The Group's processed volume for 2018 grew by 45% to US$13.9 billion, compared to US$9.6 billion in 2017. The Group expects that its revenue for 2018 will be at the top-end of management expectations, with revenue for the full year in the range of US$137.5-138.5 million, and Adjusted EBITDA* in line with management expectations in the range of US$36.5-37.5 million.
The Board reiterates its view that the full year dividend for 2018 will total 75% of Adjusted EBITDA* for the period.
With robust current trading, an expanded client base and strong sales pipeline, the Directors look forward with confidence to the 2019 financial year and beyond.
Notice of results
The Company will announce its results for the year ended 31 December 2018 on 13 March 2019.