LONDON, MONTREAL and NEW YORK (September 10, 2014) -- Optimal Payments Plc (LSE AIM: OPAY) (“Optimal Payments”, the “Group” or the “Company”), a leading online payments provider, today announces results for the six months ended 30 June 2014.
Highlights
Financial summary (unaudited) |
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Six months ended 30 June |
2014 |
2013 |
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US$ million |
US$ million |
Revenue |
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NETBANX Straight Through Processing |
117.4 |
89.9 |
NETELLER Stored Value |
41.4 |
28.3 |
Investment income |
0.3 |
0.2 |
Total Revenue |
159.1 |
118.4 |
EBITDA (1) |
39.0 |
25.3 |
Profit before tax |
27.5 |
15.5 |
Tax charge |
(0.1) |
(1.1) |
Net profit for the period |
27.4 |
14.4 |
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Commenting on the results, Joel Leonoff, President & CEO, said:
“We are delighted with our first half results which show strong revenue and EBITDA growth from NETELLER and NETBANX. The acquisitions of Meritus and GMA in July satisfy our previously stated objectives to strengthen our presence in the US market and provides Optimal Payments with a springboard for strong North American growth. The attainment of Principal Membership status with Visa and MasterCard in Europe should help fortify our NETBANX business throughout Europe based on more competitive rates and a stronger offering. Our European version of NETELLER continues to demonstrate impressive growth while our US NETELLER release is gaining traction and is extremely well positioned to leverage off new US markets regulating and re-opening the doors for US based online gaming.”
For further information contact:
Optimal Payments Plc |
+ 44 (0) 20 7182 1707 |
Joel Leonoff, President & CEO |
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Keith Butcher, CFO |
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Jessica Stalley, Head of Investor Relations |
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Canaccord Genuity |
+ 44 (0) 20 7523 8000 |
Simon Bridges / Cameron Duncan |
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Media Contacts – Canada: Zenergy Communications |
+1 416-591-5461 |
Erin Cudmore |
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Media Contacts – United States: Feintuch Communications |
+1 718-986-1596 |
Richard Anderson / Emily Simmons |
+1 212-808-4904 |
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Media Contacts – United Kingdom: Tavistock Communications |
+44 (0) 20 7920 3150 |
Simon Hudson / Andrew Dunn / Simon Fluendy |
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optimal@tavistock.co.uk |
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Analyst meeting and further information
Optimal Payments held a briefing for analysts and investors at the offices of Canaccord Genuity, 88 Wood Street, London, EC2V 7QR at 9.30 am (UK) on September 10, 2014.
The presentation slides and a webcast of the presentation will be available as a replay on the Group’s website at: http://www.optimalpayments.com/investor-relations/results-reports-presentations.
Please click here for more details and to read the results in full.
About Optimal Payments Plc
Optimal Payments is a global provider of online payment solutions, trusted by businesses and consumers in over 200 countries and territories to move and manage billions of dollars each year. Merchants use the NETBANX® platform and services to simplify how they accept credit and debit card, direct-from-bank, and alternative and local payments; and the NETELLER® service to increase revenues and capture new customers. Consumers use the multilingual and multicurrency NETELLER and Net+® Card stored value offering to make secure and convenient payments. Optimal Payments Plc is quoted on the London Stock Exchange’s AIM, 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:
http://www.optimalpayments.com/media/email-alerts
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