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.
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Paysafe Group
590.00p
17:05 19/12/17
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Support Services
10,885.48
15:45 15/11/24
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-93.62
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.