Robust Performance in FY 18: EML Payments Ltd.âs (ASX:EML) stock rose 4.14% on August 21, 2018 (before market close) as the company released its investor presentation. For FY 18, the group delivered 43% growth in EBITDA to A$20.8m as all regional business units generated EBTDA growth and improved against the prior year. The revenue rose 23% over the prior year to $71.0m, with 75% of revenues generated from offshore and 92% of revenues from recurring scenario (i.e., excluding one-time establishment fees).
[optin-monster-shortcode id="wxhmli4jjedneglg1trq"]The revenue growth was primarily organic in nature, on the back of 53% increase in Gross Debit Volume (GDV) to $6.75 billion across all regions and sales segments. However, the gross margins fell marginally to 75% from 76% due to growth of the Reloadable vertical in Australia, Europe & North America. Further, in 2018, EML has acquired 100% of Presend Nordic AB and 74.86% of Perfectcard. Additionally, EML has made partnership with German shopping mall operator ECE Projektmanagement G.m.b.H & Co. KG (âECEâ) to manage the new consumer gift card program, which is expected to be fully launched in Q2 of FY19 and deliver annualised GDV of approx. $142 million. The company has planned to launch key new reloadable programs in Europe in H1 FY19. EML stock has risen 28.03% in three months as on August 20, 2018.
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