SafeCharge Posts Record Revenues in the Final Quarter of 2018

The solid performance of the company leads to a dividends distribution of 75% of EBITDA.

SafeCharge is the next company from the industry to report record revenues in the final quarter of 2018. The payment service provider managed to outperform its management’s expectations.

The company posted a pre-close trading update on its investor relations website this morning. The strong momentum which the company guided the market on in November carried through into December.

According to the official announcement, issued by the company SafeCharge’s processed transactions volume increased by 45 percent. The company’s management now expects that revenues for the full year will total between $137.5 and $138.5 million.

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The adjusted EBITDA performance of the company was in line with the management’s expectations. The range expected for the bottom line is between $36.5 and $37.5 million.

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