Business
Preliminary Results for year ended 31 Dec 2021
Preliminary Results for year ended 31 Dec 2021.
About this update from W.a.g. Payment Solutions Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 8323F\n Eurowag\n 24 March 2022\n \n \n \n \n 24 March 2022\n \n \n \n \n \n W.A.G payment solutions plc (\"Eurowag\", or the \"Group\")\n \n \n Preliminary Results for the year ended 31 December 2021\n \n \n STRONG GROWTH IN LINE WITH IPO GUIDANCE\n \n \n \n \n \n Financial highlights\n \n \n The Group achieved key financial objectives on its medium-term financial guidance.\n \n \n · \n Net energy and services1 sales up by 19.1% at €153.1m, with organic growth1 of 17.1% year-on-year \n \n \n · \n Payment solutions1 segment up by 20.2% at €113.1m and mobility solutions1 segment up by 15.9% at €40.0m\n \n \n · \n Adjusted EBITDA1 up by 18.9% at €69.7m resulting in adjusted EBITDA margin1 at 45.5%\n \n \n · \n Strong progress on transformational capital expenditure1 plan with €23.3m spent\n \n \n · \n Net cash1 position of €61.7m as at 31 December 2021 providing for significant leverage headroom to take advantage of strategic opportunities\n \n \n Growing scale and network within a high quality payments-oriented business model and highly diversified revenue base underpinned strong net energy and services sales growth.\n \n \n · \n Average active payment solutions customers1 up by 13.9% at 15,020\n \n \n · \n Average active payment solutions trucks1 up by 13.4% at 82,640\n \n \n · \n Payment solutions transactions1 up by 11.7% at 32.5m\n \n \n · \n Net revenue retention1 for 2017-2021 over 110%\n \n \n \n \n \n \n \n \n \n Key statutory financials\n \n \n \n \n 2021\n \n \n \n \n 2020\n \n \n \n \n YoY %\n \n \n \n \n \n \n Revenue from contracts with customers (€m)\n \n \n \n \n 1 646.1\n \n \n \n \n 1 253.0\n \n \n \n \n 31.4%\n \n \n \n \n \n \n Profit before tax \n (€m)\n \n \n \n \n 17.7\n \n \n \n \n 28.8\n \n \n \n \n (38.5%)\n \n \n \n \n \n \n Basic EPS (cents/share)\n \n \n \n \n 1.54\n \n \n \n \n 3.76\n \n \n \n \n (59.0%)\n \n \n \n \n \n \n \n \n \n \n \n \n \n Alternative performance measures\n \n \n \n \n 2021\n \n \n \n \n 2020\n \n \n \n \n YoY %\n \n \n \n \n \n \n Net energy and services sales (€m)\n \n \n \n \n 153.1\n \n \n \n \n 128.6\n \n \n \n \n 19.1%\n \n \n \n \n \n \n Adjusted EBITDA (€m)\n \n \n \n \n 69.7\n \n \n \n \n 58.6\n \n \n \n \n 18.9%\n \n \n \n \n \n \n Adjusted basic EPS\n \n 1\n \n (cents/share)\n \n \n \n \n 5...