11th Oct 2023 14:02
WAG Payment Solutions PLC - London-based pan-European toll and fuel payments platform for commercial road transport - Eurowag hosts a capital markets day on Wednesday at which it sets out its "strategic ambitions". Aims to reach "over time" a goal of serving 1 million active trucks and will make the total number of active trucks a key performance indicator for the company, starting from 2024. Supporting this goal, Eurowag wants to onboard 50% of all new customers digitally, reducing acquisition costs to less than EUR300 per customer. It also aims to increase the number of products per customer to more than six and will make the number of products per active truck another KPI. Eurowag wants more than 60% of its revenue to come from subscription payments - another new KPI - and 20% from financing revenue.
Eurowag will release a trading update for the third quarter on October 24.
Current stock price: 93.30 pence
12-month change: up 6.9%
By Tom Waite, Alliance News editor
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