Optimal Payments to beat full-year forecasts

Strong growth in the second half at international online payments provider Optimal Payments means that revenues and earnings for 2012 will be beat market forecasts, the AIM-listed firm said on Monday.

Strong growth in the second half at international online payments provider Optimal Payments means that revenues and earnings for 2012 will be beat market forecasts, the AIM-listed firm said on Monday.

The company said that its second-half performance was driven by its NETBANX STP division, which processes credit/debit cards, online direct debit and local payments, and an improvement in the NETELLER Stored Value business, which processes e-wallet payments.

"As a result, both revenue and EBITDA [earnings before interest, tax, depreciation and amortisation] for the full year ended December 31st 2012 are expected to be ahead of market expectations," the firm said.

Optimal Payments now expects full-year revenue and EBITDA to be at least $172m and $26.0m, respectively.

"We look forward to 2013 as we build upon our strong technological and risk-management foundation. We believe the momentum we have built in 2012, particularly during the second half, will continue into 2013 as our pipeline of opportunities and financial run rate are encouraging," said the group's President and Chief Executive Joel Leonoff.

"Our experienced and professional management team and staff continue to work effectively to drive the group forward and we see many opportunities for both our NETBANX straight through processing and NETELLER stored value businesses in 2013 and beyond."

Recommended

The MoneyWeek Podcast: picking stocks is fun, but you need to do your homework
Investment strategy

The MoneyWeek Podcast: picking stocks is fun, but you need to do your homework

John Stepek talks to Steve Clapham, investor, analyst and author of The Smart Money Method, about the dangers in picking individual stocks and why you…
8 Apr 2021
BP looks set to return more money to shareholders as it beats expectations
Energy stocks

BP looks set to return more money to shareholders as it beats expectations

Oil major BP is to embark on a share buyback programme after significantly reducing its debts. Saloni Sardana looks at what it means for your portfoli…
6 Apr 2021
Deliveroo has hit the market – but it’s not getting the warmest welcome
UK stockmarkets

Deliveroo has hit the market – but it’s not getting the warmest welcome

Food delivery company Deliveroo made its debut on the stockmarket this morning. But with the share price sliding by 30% straight away, it’s not made t…
31 Mar 2021
Three stocks to buy now that will come back stronger after Covid-19
Share tips

Three stocks to buy now that will come back stronger after Covid-19

Professional investor Ed Wielechowski of Odyssean Capital, chooses three compelling stocks that should thrive in a post-pandemic world.
29 Mar 2021

Most Popular

Central banks are rushing to build digital currencies. What are they, and what do they mean for you?
Bitcoin

Central banks are rushing to build digital currencies. What are they, and what do they mean for you?

As bitcoin continues to soar in value, many of the world’s central banks are looking to emulate it by issuing their own digital currencies. But centra…
8 Apr 2021
Nuclear power might never be popular – but now looks a good time to invest
Commodities

Nuclear power might never be popular – but now looks a good time to invest

Nuclear power gets a very bad press, but it is the ultimate renewable energy source. Interest in it is perking up again, says John Stepek. Which means…
9 Apr 2021
How to find companies that can thrive in the post-Covid world
Advertisement Feature

How to find companies that can thrive in the post-Covid world

Many sectors of the global economy will return to something resembling pre-pandemic status, but others will take far longer to recover.
8 Apr 2021