22nd May 2013 07:00
Press release For immediate release
Optimal Payments Plc - AGM Statement
Trading ahead of market expectations
Strong performance in first four months of 2013
Wednesday 22 May 2013 - At the Annual General Meeting of Optimal Payments Plc ("Optimal Payments" or the "Group", LSE: OPAY) being held later today in the Isle of Man, Chairman Dale Johnson will make the following statement:
"I am pleased to report that 2012 was a year of many achievements for Optimal Payments with excellent top line performance and strong growth in profitability. Group revenues grew 40% to $179.1 million and EBITDA rose 58% to $27.6 million.
"The strong start to the current financial year, which was first announced at the time of the Group's 2012 annual results, has continued in the year to date with both divisions performing very well. Revenues for the full year to 31 December 2013 are now forecast to be ahead of expectations and, as a consequence of the operational gearing in the business, the Board believes that EBITDA for 2013 will now significantly exceed its original expectations.
"The Group's success could not have been achieved without the outstanding efforts of our management team and employees and I thank them all for their contribution.
"I look forward to updating shareholders on the Group's progress at the time of our half year results in September."
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For further information contact:
Optimal Payments
Keith Butcher, Chief Financial Officer + 44 (0) 7584 344 784
Andrew Gilchrist, EVP Corporate Affairs + 44 (0) 1624 698 715
Canaccord Genuity Limited + 44 (0) 207 523 8000
Simon Bridges
Cameron Duncan
Citigate Dewe Rogerson + 44 (0) 207 638 9571
Angharad Couch / Nicola Swift / Priscilla Garcia
About Optimal Payments
Optimal Payments is a global provider of online payment solutions. Trusted by businesses and consumers in over 200 countries to move and manage billions of dollars each year, merchants use the NETBANX® processing service to simplify how they accept and settle credit card, direct-from-bank, and cash payments; and the NETELLER® payment account to increase margins, capture new customers and increase their lifetime value. Being an independent provider has allowed the company to support tens-of-thousands of merchants around the globe across a wide range of industries. Optimal Payments Plc is quoted on the London Stock Exchange's AIM market, with a ticker symbol of OPAY. Subsidiary company Optimal Payments Ltd is authorised and regulated as an e-money issuer by the UK's Financial Conduct Authority (FRN 900015). For more information on Optimal Payments visit www.optimalpayments.com or subscribe at www.optimalpayments.com/feed or follow us on Twitter @optimalpayments.
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