Worldpay shares plunge after company reports FY 2015 loss of £29.8 million

Worldpay Group PLC (LON:WPG), which had its IPO in October last year, today saw its shares take a dive after reporting its financial results for the full year to December 31, 2015.

The company reported a net loss of £29.8 million ($42.4 million) for the 12-month period, with the board not recommending any dividend. On a reported basis, the basic and diluted loss per share for 2015 was 1.8p, against a loss per share in the prior year of 3.1p.

This part of the report must have been amid the reasons for the company’s share price falling after the publication of the metrics. At the moment of publication of this article, one share in Worldpay trades around 269p.


Chart source: Google Finance.

On the brighter side, Worldpay reported a 14% year-on-year rise in net revenues, which reached £981.7 million, whereas underlying EBITDA increased 8% to £406.1 million.

The Group also struck an upbeat note regarding 2016 performance. It said the start of the new year was good, with results in line with expectations. It reiterated its guidance issued at the time of the IPO, including targeting net revenue growth of approximately 9% to 11% CAGR over the medium to long term.

You can view the full annual report by clicking here.

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