- Net debt leverage expected to rise above target
- Strong top-line growth despite economic conditions
Wag Payment Solutions (WPS) sells fleet management software to trucking companies. A concern from an investment angle is that the haulage industry is particularly cyclical, so the slowdown in European economies will limit Wag’s growth this year. But there is now also a concern linked to rising debt, with the leverage ratio expected to exceed the top end of its target.