25th Apr 2024 11:55
WAG Payment Solutions PLC - London-based company known as Eurowag that operates toll payment platform across Europe for commercial road transport industry - Reports strong rise in revenue in the first quarter of the year, mostly thanks to both acquisitions and organic growth. Net revenue in the three months ended March 31 is EUR68.4 million, up 31% from EUR52.2 million a year before. Within this is 10% in organic revenue growth. Net revenue in the larger Payment solutions business is EUR39.2 million, up 9.2% from EUR35.9 million, almost all organic at 8.2%. Mobility solutions revenue is up 79% to EUR29.1 million from EUR16.2 million. Within this, organic growth is 15%. Looking ahead, Eurowag confirms its near- and medium-term guidance. Adjusted earnings margin is expected to remain in line with 2023 at 43% in 2024 before growing in the medium-term. Read More
