Brief: WAG Payment Solutions (Eurowag) Confident Organic Net Revenue Growth To Return To High Teens In Mid-Term -CEO

WAG Payment Solutions

07/09/2023 09:10

Sept 7 (Reuters) - WAG Payment Solutions PLC  WPS.L :
    * WAG PAYMENT SOLUTIONS (EUROWAG) CEO MARTIN VOHANKA:
EXPECTS 2023
FY ORGANIC NET REVENUE GROWTH IN MID-TEENS, CONFIDENT OF RETURN
TO HIGH TEENS GROWTH IN MID-TERM
    * WAG PAYMENT SOLUTIONS CEO VOHANKA: EXPECTS RETURN TO
LEVERAGE
TARGET OF 1.5-2.5X NET DEBT/ADJUSTED EBITDA BY END OF 2024
    * WAG PAYMENT SOLUTIONS CEO VOHANKA: RAISED MEDIUM-TERM
CAPEX
GUIDANCE OF AROUND 10% OF NET REVENUES IS DECENT LEVEL TO
MAINTAIN COMPETITIVENESS, DEVELOP PLATFORM
    * WAG PAYMENT SOLUTIONS CEO VOHANKA: CONFIDENT EBITDA MARGIN
IN
FY2023 TO BE AROUND SAME LEVEL AS FY2022, AT AROUND 43%

Source text for Eikon:  ID: 
Further company coverage:  WPS.L 

 (Reporting By Jason Hovet)
 ((jason.hovet@thomsonreuters.com;))