By Robb M. Stewart
Canadian financial technology company Nuvei adjusted its financial targets for the full year, shifting the range for expected volume higher and narrowing the guidance for revenue.
Nuvei said it now expects total volume for the year of $198 billion to $200 billion, where it previously anticipated $193 billion to $197 billion.
Annual revenue is forecast at between $1.163 billion and $1.182 billion, from a prior range of $1.157 billion to $1.182 billion, and the company said it is looking for adjusted earnings before interest, taxes, depreciation and amortization of between $427 million and $435 million, rather than a previous target of $417 million to $432 million.
For the final three months of the year, Nuvei projected total volume of $57 billion to $59 billion after the value of transactions processed by merchants under contractual agreement increased 72% in the third quarter to $48.2 billion.
Write to Robb M. Stewart at [email protected]
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