Wise teatas täna 2023. majandusaasta tulemused, üllatades postiivsemate näitajatega. Mahtude osas saab 2024. majanduaasta esimeses pooles olemas raske sarnast kasvu saavutada, sest 2023 võrdlusbaas oli väga tugev.
YEAR RESULTS
* Adjusted Ebitda GBP238.6 million, +97% y/y, estimate GBP228.3million (Bloomberg Consensus)
* Adjusted Ebitda margin 24.7% vs. 21.8% y/y, estimate 25.6%
* Gross profit GBP638.2 million, +73% y/y, estimate GBP570.9million
** Gross margin 66.2%, estimate 62.9%
* Free cash flow GBP213.3 million, +88% y/y
2024 YEAR FORECAST
* Sees total income +28% to +33%
COMMENTARY AND CONTEXT
* Still Sees Income Growth of Over 20% CAGR in Mid-Term
* Still expects adjusted Ebitda margin to be at or above 20%over the medium term, but for it to remain higher than its
target in FY2024 due to a higher proportion of interest income flowing to adjusted Ebitda
* “As we pass through FY2024, it will be important to keep in view that we will be lapping some unusual trends from FY2023. This includes an exceptional level of volume growth in the first half of FY2023 and strong interest income growth in the second half,” the CFO says
* “This year approximately 10 million people and businesses chose Wise to move and manage their money internationally, an increase of 34% YoY.”
* “This growth drove a 51% increase in revenue and a 73% increase in income for FY2023.”
* “Our strong growth and continued profitability are a direct result of our focus on our mission and our customers.”
* “And in total, we helped these customers move c.£105bn across borders, up 37% YoY.”