Total
0
Shares
Pushpay (ASX:PPH) - CEO, Molly Matthews - The Market Herald
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Donation management provider Pushpay (PPH) has increased guidance for the full year after its December 2020 performance exceeded expectations.
  • The company now expects earnings to fall between US$56 million (approximately A$72.7 million) and US$60 million (roughly A$78 million)
  • Originally, it forecast earnings would land between US$54 million (roughly A$70.1 million) and US$58 million (around A$75.3 million)
  • PPH also announced its further investment into the development of a customer proposition for the U.S. catholic sector
  • In other news, PPH has appointed Molly Matthews as its new Chief Executive Officer
  • Matthews will succeed interim CEO Bruce Gordon, who has been in the role since June 2019
  • Pushpay shares are up 4.68 per cent to $1.57

Donation management provider Pushpay (PPH) has increased guidance for the full year after its December 2020 performance exceeded expectations.

At the company’s interim results announcement on November 4 last year, Pushpay estimated its earnings before interest, tax, deprecitaion, amortisation and fair adjustments (EBITDAF) for the year ending March 31 to land between US$54 million (roughly A$70.1 million) and US$58 million (around A$75.3 million)

PPH now expects EBITDAF for the year to fall between US$56 million (approximately A$72.7 million) and US$60 million (roughly A$78 million). One caveat on the brighter outlook, however, is the uncertainty surrounding COVID-19 and the broader U.S. economy.

The company also advised it's investing in the development of a customer proposition for the Catholic segment of the U.S. religious sector.

The new boss

In other news, PPH has appointed Molly Matthews as its new Chief Executive Officer.

Matthews is currently Pushpay’s Chief Customer Officer and will assume the Chief Executive duties from March 1. She will succeed interim CEO Bruce Gordon, who has been in the role since June 2019.

Matthews has held senior roles within Pushpay since joining the company over four years ago.

Pushpay Chairman Graham Shaw said, “Molly has a deep understanding of the U.S. faith and non-profit marketplaces and exceptional customer knowledge which is critical to Pushpay’s success."

"As Pushpay continues with growth, Molly’s comprehensive strategic skillset and significant customer-facing experience position the company well for ongoing success.”

Pushpay shares are up 4.68 per cent to $1.57 at 10:33 am AEDT.

PPH by the numbers
More From The Market Herald
Vection (ASX:VR1) rolls out in AU and NZ on Storm FX partnership

" Vection Technologies (ASX:VR1) completes JMC purchase

Vection Technologies (VR1) shares are up today after completing its purchase of JMC Group.
Tinybeans (ASX:TNY) - CEO, Eddie Geller - The Market Herald

" Tinybeans (ASX:TNY) and LEGO renew partnership for third year

Tinybeans Group (TNY) and LEGO Systems have renewed their partnership for the fiscal year 2022.
Revasum (ASX:RVS) - CFO and COO Rebecca Shooter Dodd - The Market Herald

" Revasum (ASX:RVS) joins PowerAmerica Institute

Global technology player and ASX-lister Revasum (RVS) has joined the PowerAmerica Institute.
8Common (ASX:8CO) - Executive Chairman, Nic Lim - The Market Herald

" 8Common (ASX:8CO) eyes $3.78m for growth

Fintech company 8Common (8CO) has received binding commitments to undertake a $3.78 million placement.