W.A.G payment solutions plc (WPS.L) reported Thursday that its third-quarter net revenue grew 15.5 percent to 74.6 million euros from last year's 64.6 million euros.
Mobility solutions revenue grew 3.4 percent, reflecting in part the timing of two large contract wins in Sygic in the prior year.
Average active payment solutions customers in the third quarter increased 12.5 percent from last year to 20,833, and average active payment solutions trucks went up 11.1 percent to 103,790.
In the first nine months of fiscal 2024, the integrated payments and mobility platform reported that total net revenue climbed 17.4 percent from last year to 215.7 million euros, supported by growth across both payment and mobility revenues.
Mobility solutions revenue grew 20.1 percent, as a result of continued growth across all products and partly the annualisation of Inelo. Payment solutions revenue increased 15.4 percent, mostly driven by strong growth from toll revenues.
Looking ahead, the Board continues to be confident in delivering full year expectations and continues to see early signs of economic recovery, notwithstanding the previously noted pressures in the CRT industry.
W.A.G payment further said the delivery of the platform underpins its confidence in delivering its medium-term financial guidance, which remains unchanged.
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