WAG Payment Solutions H1 net revenue rises on toll and payment solutions, raises FY outlook
WAG Payment Solutions H1 net revenue rises on toll and payment solutions, raises FY outlook
Overview
Payment solutions provider's H1 net revenue grew 10.7% yr/yr, adjusted EBITDA up 10.5%
Basic EPS for H1 declined, mainly due to higher finance expenses and FX losses
Company paid special dividend of 1.5p/share (€12.1 mln) after period end
Outlook
Company raises FY 2026 adjusted cash EBITDA guidance to €110 mln-€115 mln from €105 mln-€115 mln
WAG Payment Solutions expects low double-digit net revenue growth for FY 2026
Company sees FY 2026 adjusted EBITDA margin around 40% and net leverage below 2.0x
Result Drivers
PLATFORM ADOPTION - Co said increased migration and integration of customers onto Eurowag Office drove higher engagement and service usage
TOLL AND PAYMENT SOLUTIONS - Net revenue growth supported by expansion of toll services and payment solutions
ACTIVE TRUCKS - Co said total active trucks rose 7% yr/yr, expanding customer base and demonstrating resilience during integration phase
Company press release: ID:nRSI9328Ta
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue from Customer Contracts |
| EUR 1.38 bln |
|
H1 Adjusted EBITDA |
| EUR 70.60 mln |
|
H1 Adjusted EBITDA Margin |
| 39.30% |
|
H1 Pretax Profit |
| EUR 8.40 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the business support services peer group is "buy"
Wall Street's median 12-month price target for WAG Payment Solutions PLC is GBp132.00, about 32% above its September 8 closing price of GBp100.00
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 17 three months ago
Reuters Recommended Reads
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Sept 8 - UK's Funding Circle H1 revenue up 50% on term loans growth; lifts FY outlook
Sept 8 - Fintech firm Moltiply Group H1 revenue rises on Mavriq division growth
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)