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British online payments provider Paysafe reports solid full year results

17th March 2016 Print

As Paysafe reports its full year results Ian Forrest, investment research analyst at The Share Centre, explains what they mean for investors. “In its full year results reported this morning Paysafe Group, the online payments provider, said it had experienced a good year. Sales and earnings beat market expectations, although pre-tax profits have fallen due to the acquisition of Skrill. Investors should note that the company has seen positive performances across all divisions.

“Earnings per share were higher than the same period in the previous year and investors should acknowledge that the Board is not recommending a dividend in respect to 2015 as it invests in growth opportunities ahead.

“Paysafe will become a constituent of the FTSE 250 on the 21st March, which should give it a major visibility boost with investors and help bolster its position as a leader in the prepaid online payments space.

“Significant opportunities for the group’s products in the US and around the world remain attractive, and we therefore continue to recommend Paysafe as a ‘buy’ for medium risk investors seeking growth.”