Optimal Payments ahead of 2014 expectations

optimal

Payment provider Optimal Payments PLC said Wednesday that both revenue and earnings before interest, taxes, depreciation, and amortisation are now forecast to be “materially ahead of market expectations” in its full-year on the back of strong trading in the year to date.

The company said its strong performance in 2013 has continued into the current trading year, with its NETELLER and NETBANX businesses performing well; revenues are ahead of the same period last year, said Optimal Payments, as the firm looks to the World Cup in Rio to provide a further boost.

In 2013 group revenues grew 41% to USD253.4 million, EBITDA rose 89% to $ 52.2 million and net profit jumped to USD35.1 million from USD1.2 million in 2012.

In a statement released ahead of its annual general meeting Wednesday, Optimal Payments Interim Chairman Jonathan Comerford said the strong trading the group reported in 2013 has continued in the year to date, with the online payment solutions company now forecasting that both revenues and EBITDA for the full-year to December 31, 2014 will be materially ahead of market expectations.

Shares in the firm were trading 9.39% higher at 369.25 pence per share Wednesday morning, one of the biggest gainers on the AIM market.

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