UK's W.A.G payment solutions rises on affirming medium-term outlook

WAG Payment Solutions

25/04/2023 09:09

April 25 (Reuters) -    ** Shares of UK-based W.A.G
payment solutions Plc  WPS.L  rise 5.2% to 101p
    ** Stock is top pct gainer on FTSE 250  .FTMC  index
    ** Co reports 30.7% rise in quarterly net rev to 52.2 mln
euros; benefits from acquisitions, growth in active customer
numbers
    ** Co's avg number of payment solutions active customers
rise 10% to 17,843 in qtr
    ** Board confirms medium-term guidance of organic net rev
growth between "high teens and low twenties", adj EBITDA margin
expansion from "mid-forties to high-forties"
    ** Including session gains, co's stock is up about 25% YTD

 (Reporting by Saikeerthi in Bengaluru)
 ((Saikeerthi@thomsonreuters.com;))