Eurowag lifts FY outlook for adjusted cash EBITDA after strong H1

(Sharecast News) - Eurowag lifted its full-year outlook for adjusted cash EBITDA on Wednesday following a "strong" first half.

In the six months to the end of June, adjusted earnings before interest, tax, depreciation and amortisation rose 10.5% from the same period a year earlier to �70.6m, with total net revenue 10.7% higher at �179.5m. Eurowag said revenue growth reflected broad- based growth across its platform services.

Adjusted pre-tax profit fell 14.7% to �23.7m, however, while adjusted basic earnings per share declined to 2.53cents from 2.92cents.

The freight and road payments processor upped its FY26 adjusted cash EBITDA guidance to between �110m and �115m from between �105m and �115m.

Founder and chief executive Martin Vohánka said: "We delivered a strong and resilient first-half year performance, with double-digit net revenue growth, robust margins and lower leverage, while making significant progress through the integration and migration phase to Eurowag Office.

"We are pleased to have reached a key milestone, with more than 65% of our customers now actively using the platform, customer engagement continuing to grow and the majority of our services available on the platform. Delivering these results through a volatile geopolitical and macroeconomic environment demonstrates the resilience of our business and keeps us on track to deliver our full-year guidance."

At 0905 BST, the shares were up 0.7% at 100.70p.

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