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February 08, 2016 4:02 AM ET

Consumer Finance

Company Overview of Travelex Holdings Limited

Company Overview

Travelex Holdings Limited, through its subsidiaries, engages in global business payments, currency exchange services and cards, and mobile payments. The company was formerly known as Trapax Payments Limited and changed its name to Travelex Holdings Limited in May, 2006. Travelex Holdings Limited was incorporated in 2005 and is based in London, United Kingdom.

65 Kingsway

London,  WC2B 6TD

United Kingdom

Founded in 2005

Phone:

44 20 7400 4000

Fax:

44 20 7400 4001

Key Executives for Travelex Holdings Limited

Travelex Holdings Limited does not have any Key Executives recorded.

Travelex Holdings Limited Key Developments

Travelex Holdings Limited Reports Unaudited Consolidated Earnings Results for the Half Year Ended June 30, 2015

Travelex Holdings Limited reported unaudited consolidated earnings results for the half year ended June 30, 2015. For the period, the company’s revenue from continuing operations was £311.7 million against £329.3 million a year ago. Operating loss before depreciation, amortization, interest and tax was £15.6 million against operating profit before depreciation, amortization, interest and tax of £26.7 million a year ago. Operating loss was £27.1 million against operating profit of £15.7 million a year ago. Loss before tax was £82.6 million against £81.4 million a year ago. Loss for the period from continuing operations was £86.0 million against £86.8 million a year ago. Loss for the period attributable to owners of the parent was £85.5 million against £86.2 million a year ago. Cash flows from operating activities were £88.2 million against £56.1 million a year ago. Purchase of property, plant, equipment, and software and development expenditure was £13.0 million against £21.0 million a year ago. Underlying EBITDA was £26.7 million against £34.1 million a year ago. Core group revenue was £347.7 million against £341.6 million a year ago. Net debt was £278.5 million as on June 30, 2015. Core group EBITDA was £31.9 million against £36.7 million a year ago.

Travelex Holdings Limited Reports Audited Consolidated Earnings Results for the Full Year Ended December 31, 2014

Travelex Holdings Limited reported audited consolidated earnings results for the full year ended December 31, 2014. For the year, the company’s income was £693.3 million against £639.6 million a year ago. Operating profit before depreciation, amortization and exceptional items was £79.7 million against £44.5 million a year ago. Operating profit was £29.7 million against operating loss of £38.5 million a year ago. Loss before tax was £132.3 million against £181.7 million a year ago. Loss for the period from continuing operations was £145.7 million against £187.3 million a year ago. Loss for the period attributable to owners of the parent was £149.4 million against £189.7 million a year ago. Cash flows from operating activities were £17.5 million against £69.6 million a year ago. Purchase of property, plant, equipment, and software and development expenditure was £33.5 million against £40.9 million a year ago.

Travelex Holdings Limited Announces Executive Changes

BRS Ventures & Holdings Limited completed the acquisition of Travelex Holdings Limited which was first announced on 23 May, 2014. Following closing and subject to regulatory approvals, Khaleefa Butti Omair Yousif Al Muhairi will be appointed as the Chairman and Dr. B R Shetty will be appointed as the Vice Chairman of Travelex.

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