SafeCharge sees record transaction volumes in 2018

Payments technology company SafeCharge updated the market on its trading for the year ended 31 December on Thursday, reporting that the “strong momentum” it announced in its last trading update on 28 November continued into December, with record revenues and transaction processing volumes in the fourth quarter.

The AIM-traded group said its processed volume for 2018 grew 45% to $13.9bn, compared to $9.6bn in 2017.

It said it expected that its revenue for 2018 would be at the top-end of management expectations, with revenue for the full year in the range of $137.5m to $138.5m, and adjusted EBITDA in line with management expectations in the range of $36.5m and $37.5m.

“The board reiterates its view that the full year dividend for 2018 will total 75% of adjusted EBITDA for the period,” the directors said in their statement.

“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.”