Tuesday 12th January 2021
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Pushpay Holdings Limited is pleased to advise that its performance for the month ended 31 December 2020 exceeded internal expectations.
Pushpay’s processing volume over the month of December 2020 was slightly higher than the Company’s internal forecast at 4 November 2020 when guidance was most recently updated. While December donation volumes are usually significantly higher than other months partially driven by tax year-end giving in the US, the level of the increase can vary from year to year. The Company’s strong processing volume achieved in December 2020 combined with continued operating leverage improvements supports a guidance update.
Pushpay also advises that it has allocated an initial investment of resource into developing and enhancing the customer proposition for the Catholic segment of the US faith sector. Focused investment into the Catholic segment represents a significant milestone as Pushpay continues to execute on its strategy to become the preferred provider of mission critical software to the US faith sector.
At the Company’s Interim Results announcement on 4 November 2020, Pushpay increased its EBITDAF guidance for the year ending 31 March 2021 to between US$54.0 million and US$58.0 million.
Pushpay now expects EBITDAF for the year ending 31 March 2021 to be between US$56.0 million and US$60.0 million, although uncertainties and impacts surrounding COVID-19 and the broader US economic environment remain. Pushpay expects operating leverage to continue to accrue to the business over the remainder of the current financial year.
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