Worldpay hits £19 million profits on maiden FTSE results

jansen
Philip Jansen

UK payments provider Worldpay Group PLC has reported pre-tax profits of £19 million for its maiden results announcement on the FTSE 100 index. Its full-year 2015 results see Worldpay, reverse its 2014 losses of £47 million.

Worldpay, one of the leading payment providers for the igaming/betting sectors, floated on the London Stock Exchange in October 2015. The company announced that it had recorded a 14% uplift in processed transactions to £13 billion.

The payment provider would end 2015 recording an EBITDA of £406 million, narrowly missing its corporate forecast of £407 million.

Updating the market, Worldpay governance stated that it had started 2016 strongly issuing a full-year guidance declaring a net revenue uplift between 9-11%.

Governance further stated that it expected to pay a dividend in 2016, as it could not declare any investor reward for 2015 due to its IPO guidance.

Worldpay PLC Chief Executive Officer Philip Jansen commented on 2015 performance

We made significant operational and financial progress in 2015. It was a year of considerable achievement, in the implementation of our strategy, in strengthening and deepening our market presence, capabilities and technology, and helping our customers prosper,”

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