WAG shares fall amid underwhelming revenue outlook

WAG Payment Solutions

21/01/2025 11:56

** Shares of European company WAG Payment  WPS.L  down by
5.6% at 80p, among top losers on London's midcaps index  .FTMC 
    ** WPS sees 2024 net rev of 292 mln euros ($302 mln), below
analyst view of 294 mln euros, per company-compiled consensus
    ** Sees FY2025 net revenue to grow in low double-digits,
reflecting Europe's weaker macroeconomic outlook
    ** Analysts expected 2025 net rev of 334.6 mln euros
    ** The Prague-based firm also named Steve Dryden as its new
chairman, succeeding Paul Manduca 
    ** In 2024, shares fell 11%

($1 = 0.9664 euros)

 (
 Reporting by Simone Lobo in Bengaluru)
 ((Simone.Lobo@thomsonreuters.com; +919920570373;))