SafeCharge to announce good 2017 performance

Payment technologies specialist SafeCharge announces it expects to hit financial targets for 2017 when yearly results are released.

Guernesy.- International payment technologies specialist SafeCharge has revealed in a pre-close trading update that it expects to accomplish its 2017 goals. The company is set to announce its final results on March 14 but has already reported a performance in line with its original expectations for the year.

Within the update SafeCharge revealed its revenue is set to amount to between €90.8 and €91.6 million. The company, which has offices all over the world, expects its adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) to be somewhere between €27 and €28 million.

“With robust current trading, a strong sales pipeline and new clients set to join the platform, the directors look forward with confidence to the 2018 financial year,” the company said in the update, which comes right after its fourth-quarter report. During the last period of 2017, SafeCharge generated record revenue and transaction processing volumes, processing more than €800 million in December alone.