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(Sharecast News) - Payments specialist PayPoint Group unveiled a company-wide overhaul on Monday as it looked to simplify its structure and bolster growth.
The British firm currently owns a number of brands, including Collect+, Handepay and Park Christmas Savings, spread across four divisions: shopping, e-commerce, payments and banking, and Love2Shop
However, updating on year-end trading, and Paypoint confirmed it intended reorganise into four dedicated business units: network services, digital payments and open banking, Love2Shop and merchant services.
It argued: "This will result in a better integrated and more transparent business with a simpler investment case.
"The reorganisation will establish four business units of scale, with clearly defined operating structures, a greater focus on growth opportunities with a more accountable operating culture."
Each unit will have "clearly defined" financial metrics and key performance indicators, it added. The largest division is network services, with estimated net revenues of 91.3m in the year to 31 March. Revenues were forecast to reach 53.2m at Love2Shop, 31.5m at merchant services and 13.4m at digital payments and open banking.
Overall group revenues were "broadly in line" with expectations, PayPoint noted.
Looking to the current year, it continued: "In a challenging trading environment, our business reorganisation will ensure there are a number of important changes in priority and emphasis across the business.
"In terms of trading, outlook for the year ahead is balanced between the continued growth across the group, further cost efficiency initiatives and recent trends in certain of our business units, in particular our parcels business.
"Overall this indicates the business is likely to exceed the underlying profits delivered in the 2026 full year and within the range of market expectations."
PayPoint is scheduled to publish full-year numbers on 11 June.
As at 1000 BST, the FTSE All-Share stock had put on 2% at 570.8p.
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