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Dubai-based payments processor Network International said growth outlook for 2023 remains strong, but it will see more challenging economic and inflationary impacts.
The LSE-listed company in a trading update on Thursday said it expects to see further EBITDA margin expansion in 2023 although "this will be lower than that delivered in 2022, impacted by inflationary pressures, particularly employee costs."
For full-year 2022, expected revenue--excluding the three-month contribution from DPO--is $438 million, up 27% and in line with guidance, the Dubai-based company said in regulatory filing on LSE.
"Looking ahead we continue to see a high growth outlook, supported by structural market expansion and continued strategic delivery," said Nandan Mer, CEO.
(Reporting by Brinda Darasha; editing by Seban Scaria)
