SafeCharge meets forecasts, posts EBITDA of $31.1 million in FY 2015

SafeCharge International Group Ltd (LON:SCH), an international provider of payments services, technologies and risk management solutions for online and mobile businesses, today published its report for the full year 2015.

Following a very strong first half of 2015, the company managed to see even stronger metrics in the second half of the year, with revenues and EBITDA ahead of the readings for the first six months of last year.

FY 2015 EBITDA reached $31.1 million, in line with SafeCharge’s forecast issued in January this year. Having in mind that the EBITDA for H1 2015 amounted to $15.2 million, this results in EBITDA of $15.9 million for H2 2015.

FY 2015 revenues totalled $99.8 million. Given the H1 2015 result of $49.5 million, the H2 2015 result is $50.3 million. The company notes that revenues increased across its principal business lines throughout the year, culminating with record monthly revenues in December. The diversification of the company’s client revenues also improved during the year with new customers signing with the company.

FY 2015 EBITDA grew 26% year on year, whereas FY 2015 revenues grew 30% year on year.

Gross profit for full year 2015 was $57.7 million, up 30% from 2014 levels.


  • Dividends

The Board has recommended a final dividend of US$11.1 million (7.30 US$ cents per share) giving a total dividend of US$17.1 million, (11.30 US$ cents per share) for the year, representing 55% of Adjusted EBITDA for the period.

  • Operational highlights

§ Successful launch of VISA acquiring services complementing MasterCard services;

§ New customer wins with a strong pipeline and several significant new customers due to go live in H1 2016;

§ Significant advance in core business processing transaction value of US$6.9 billion (2014: US$5.7 billion);

§ Convergence of acquiring and issuing under a single technology platform;

§ Development and certification of multichannel and airline solutions;

§ MasterCard pre-paid card successfully launched.


  • Current trading and outlook

The Group saw an encouraging start to 2016 following on from the strong trading and momentum experienced in 2015. SafeCharge noted its strong sales pipeline with significant customers expected to go-live, reflecting the major advances in the Group’s product and platform suite. The Directors said they are confident regarding 2016 and beyond.

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

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