SafeCharge forecasts EBITDA of $31M in 2015

SafeCharge International Group Ltd (LON:SCH), an international provider of payments services, technologies and risk management solutions for online and mobile businesses, today issued an upbeat trading update ahead of its 2015 full year results, which are set to be announced on March 10, 2016.

From earlier reports we know that SafeCharge had a very strong H1 2015, with revenues and profits staging a steep rise.

Today, the company said that trading in the fourth quarter of 2015 continued to be strong. As a result, SafeCharge forecasts that Adjusted EBITDA for the full year will meet market expectations of approximately $31million. The company noted that December was a further strong month and this momentum has continued into January.

In addition, SafeCharge announced that it has recently signed a number of significant agreements with new customers. These new customers include two major sports betting operators, a tier 1 FX operator and the Group’s first major Airline client. These new customers are forecast to go-live on the SafeCharge platform in the first half of this year.

SafeCharge revenue EBITDA chart 1H2015

You can view the full announcement from SafeCharge by clicking here.

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