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DJ Nuvei Sees 4Q Revenue $114 Million to $118 Million

· 02/05/2021 07:29

By Michael Dabaie

Nuvei Corp. guided Friday for fourth-quarter revenue of $114 million to $118 million.

The Montreal-based global payment technology company said this would be an increase of more than 40% compared with the fourth quarter of 2019.

The company said it sees revenue between $373 million and $377 million for full year 2020, an increase of more than 50% compared with the full year of 2019.

Nuvei said it expects total volume between $13.8 billion and $14.1 billion in the fourth quarter, an increase of more than 50%. Total volume is the total dollar value of transactions processed by merchants under contractual agreement with the company.

The company forecast e-commerce representing about 80% and 76% of total volume in the fourth quarter and full year 2020, respectively.

Nuvei guided for operating profit between $16.5 million and $19.5 million in the fourth quarter of 2020, and between $61.4 million and $64.4 million for the full year of 2020.

The company will report financial results March 10.

Write to Michael Dabaie at michael.dabaie@wsj.com

(END) Dow Jones Newswires

February 05, 2021 07:29 ET (12:29 GMT)

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