SafeCharge set to hit financial targets in 2017

SafeCharge has said it expects to announce financial results in line with initial expectations for the 12 months to December 31, 2017.

In a pre-close trading update, the payment technologies specialist said revenue should amount to between $111m (€90.8m) and $112m, while adjusted earnings before interest, tax, depreciation and amortisation are on track to come in the range of $33m to $34m.

The update comes after SafeCharge generated record revenue and transaction processing volumes in the fourth quarter, as well as processing more than $1bn for the first time in December.

“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,” SafeCharge said in the update.

SafeCharge expects to announce it full results for the year on March 14.

Related article: SafeCharge wins payment approval from UK’s FCA