eServGlobal Limited Full Year Trading Update (4245X)
19 Novembre 2014 - 10:00AM
UK Regulatory
TIDMESG
RNS Number : 4245X
eServGlobal Limited
19 November 2014
eServGlobal Limited (eServGlobal or the "Company")
Full Year Trading Update
Paris: 19 November 2014
eServGlobal (AIM: ESG & ASX: ESV), the provider of
end-to-end mobile financial services to emerging markets, provides
the following trading update for the year ended 31 October
2014.
The Company expects revenues in its core business to be in the
range of 30 - 32 M AUD. A number of larger value contracts closed
just after the period end and should positively affect the first
quarter of FY2015. The expected EBITDA* will be in the range of 2.5
- 3.5 M AUD and remains in line with broker forecasts reflecting a
higher level of profitability due to improved margin mix, tighter
cost control and capitalisation of development costs.
eServGlobal has made significant progress over the course of the
year. It has announced notable contract wins and partnerships
within its core business of providing domestic mobile money
solutions to emerging markets. The company has expanded into
several new geographies during the year while also growing its
presence with its established customer footprint, which includes
presence in four Tier-1 operator groups (Zain, Orange, Ooredoo and
Vodafone).
The HomeSend joint venture with MasterCard and BICS continues to
gather momentum as the international payment hub's remittance
volumes are expanded through announced agreements with MoneyGram
and Indosat.
* Excludes gain on sale of HomeSend business assets,
non-recurring items, foreign exchange gains and losses, share based
payments and losses attributable to HomeSend associate.
About eServGlobal
eServGlobal (AIM:ESG, ASX:ESV) offers mobile money solutions
which put feature-rich services at the fingertips of users
worldwide, covering the full spectrum of mobile financial services,
mobile wallet, mobile commerce, recharge, promotions and agent
management features. eServGlobal invests heavily in product
development, using carrier-grade, next-generation technology and
aligning with the requirements of more than 65 customers in over 50
countries.
Together with MasterCard and BICS, eServGlobal is a joint
venture partner of the HomeSend global payment hub, a market
leading solution based on eServGlobal technology and enabling
cross-border money transfer between mobile money accounts, payment
cards, bank accounts or cash outlets from anywhere in the world
regardless of the users location.
eServGlobal also builds on its extensive experience in the telco
domain to offer a comprehensive suite of sophisticated, revenue
generating Value-Added Services to engage subscribers in a dynamic
manner.
eServGlobal has been a source of innovative solutions for mobile
and financial service providers for 30 years.
For further information, please contact:
eServGlobal www.eservglobal.com
Alison Cheek, Communications Manager T: +33 (0)1 4612 7746
Canaccord Genuity Limited (Nomad and Broker) www.canaccordgenuity.com
Simon Bridges / Cameron Duncan / Brendan T: +44 (0) 20 7523 8000
Gulston
Charles Stanley Securities www.csysecurities.com
Dugald Carlean / Paul Brotherhood T: +44 (0) 20 7149 6000
Newgate Threadneedle www.newgatethreadneedle.com
Hilary Buchanan / Jasper Randall T: +44 (0) 20 7653 9850
This information is provided by RNS
The company news service from the London Stock Exchange
END
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