Eurowag Trading Update (3718K)
05 Mai 2022 - 8:01AM
UK Regulatory
TIDMWPS
RNS Number : 3718K
Eurowag
05 May 2022
5 May 2022
EUROWAG
Trading Update
DELIVERING RESILIENT GROWTH
W.A.G payment solutions plc ("Eurowag", or the "Group") a
leading pan-European integrated payments & mobility platform
focused on the Commercial Road Transportation industry ("CRT"), is
pleased to provide a trading update for the three-month period
ending 31 March 2022.
Business delivers robust growth despite the uncertain
macroeconomic environment
Net energy and services sales ("net revenue") in the first
quarter of 2022 were EUR39.9 million, in line with management
expectations. The growth rate of 14.8% YoY was impacted by changing
seasonality, which resulted in a very strong comparator. We expect
our growth rate to accelerate in H2 2022 as comparators soften.
Revenue growth continues to be supported by strong non-financial
KPI performance:
-- The average number of payment solutions active customers rose
from 14,244 in Q1 2021 to 16,221 in Q1 2022, representing 13.9% YoY
growth
-- The average number of payment solutions active trucks rose
from 79,965 in Q1 2021 to 87,085 in Q1 2022, representing 8.9% YoY
growth
Net revenue for the last twelve months reached EUR158.3 million,
representing 20.2% growth against the comparable period in the
previous year. On the same basis, net revenue in the Payment
solutions segment was EUR116.6 million (up 20.4% YoY), and EUR41.7
million (up 19.6% YoY) in the Mobility solutions segment.
Based on current trading, and assuming no worsening of the
current environment, particularly noting the uncertainty around
potential impacts of the import ban on Russian oil proposed by the
European Commission yesterday, our expectations for 2022 are
unchanged and we anticipate delivering results in line with our
mid-term financial guidance.
Martin Vohánka, CEO and Founder said :
"Eurowag has delivered robust double-digit growth and maintained
net revenue and Adjusted EBITDA expectations for the year against a
volatile market backdrop. These results reflect our focus on the
operational delivery that is within our control, and demonstrate
the resilience of our business despite the volatility caused by the
war in Ukraine and supply chain disruptions. I am thankful for the
hard work of our team, which has allowed us to maintain the
exceptional service we provide to our customers.
The adaptability and resilience we have shown allow us to
continue to drive growth and support the productivity of Commercial
Road Transportation in Europe. As a strategic enabler for our
customers, we continue to drive efficiency and navigate uncertainty
as we build the platform for the digital transformation of the
industry."
ENQUIRIES
Eurowag
Tomáš Novotný (Head of Investor Relations)
investors@eurowag.com
Michal Malysa (Head of Group Communications)
michal.malysa@eurowag.com
+420 775 70 80 86
About Eurowag
Eurowag was founded in 1995 and is a leading pan-European
integrated payments & mobility platform focused on the
commercial road transportation industry. Eurowag's innovative
solutions makes life simpler for small and medium businesses in the
Commercial Road Transportation industry across Europe through its
unique combination of payments solutions, seamless technology, a
data-driven digital eco-system and high-quality customer service.
www.eurowag.com
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END
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