Business
Preliminary results for the year ended 31 Dec 2024
Preliminary results for the year ended 31 Dec 2024.
About this update from W.a.g. Payment Solutions Plc
[{"type":"text","content":"\n\nLEI: 213800HU63CWV5J8YK95 25 March 2025\n \nW.A.G payment solutions plc (\"Eurowag\" or the \"Group\")\nPreliminary results for the year ended 31 December 2024\nConsistent double-digit growth, strong cash generation and significant decrease in net leverage\nW.A.G payment solutions plc (\"Eurowag\" or the \"Group\") today announces its preliminary results for the year ended 31 December 2024.\n \nFull year financial and operational highlights\n\n\n\n\n\n· \n\n\nTotal net revenue1 +14.0% to €292.5m (FY 2023: €256.5m).\n\n\n\n\n\n\n\no Payment solutions net revenue1 +13.6% to €166.9m, supported by strong growth from toll revenues +50.2% and 10.8% growth in active payment solutions trucks.\n\n\n\n\n\n\n\no Mobility solutions net revenue +14.6% to €125.6m, as a result of growth across our fleet management and work time management solutions and the annualisation of Inelo.\n\n\n\n\n· \n\n\nAdjusted EBITDA1 +12.0% to €121.7m (FY 2023: €108.7m), with an adjusted EBITDA margin1 of 41.6% (FY 2023: 42.4%)\n\n\n\n\n· \n\n\nAdjusted cash EBITDA1 of €88.7m, +23.2% (FY 2023: €72.0m).\n\n\n\n\n· \n\n\nAdjusted profit before tax1 decreased to €46.3m (FY 2023: €56.7m) due to higher finance costs and amortisation from intangibles. Statutory profit before tax increased to €11.7m (FY 2023: loss of €39.3m) with last year impacted by a non-cash goodwill impairment.\n\n\n\n\n· \n\n\nStrong cash generation reduced net deb...