Paysafe says Q1 trading in line with expectations

Electronic payments provider Paysafe said first quarter trading was in line with expectations and reiterated its 2017 guidance of low double-digit organic revenue growth.

The company added that it still forecast to maintain a 30.1% full year adjusted earnings before interest, tax, depreciation and amortisation margin.

Paysafe said its adjusted cash conversion remained strong as the group continued to de-lever even after returning £22.4m of capital to shareholders in the form of a share buyback during the first three months of the year.