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WAG Payments’ cash flow set to surge next year

The company invested heavily in M&A and capex but when it cuts back next year there are hopes it can boost cash flow
March 17, 2023
  • 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.

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