Paysafe Guidance Announces 2016 Revenues to Be Higher than Expected

UK listed payment solutions provider Paysafe Group plc which is traded on the London Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term (LON:LSE) under the ticker PAYS, today announced that its 2016 revenues are expected to exceed market expectations. This was indicated by the strong momentum that delivered the company’s 2015 results, which have continued into the early part of 2016.

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Paysafe has said that revenue for 2016 is anticipated to be in the range of $950-$970 million, ahead of the market consensus of $911 million.

The company also expects full year adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) to be in the range of $270-276 million, once again, exceeding the market consensus of $260 million. The positive outlook has also been reflected by stock market analysts who have recently updated their consensus ratings on shares of Paysafe Group.

As part of its growth plans, Paysafe continues to invest in its compliance and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term functions, along with the geographic expansion of the group’s paysafecard business.

The company has also reported that the integration of Skrill remains on schedule and will be completed during Q3 2016. A final update on the integration project will be provided with the H1 2016 results.

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