Wise delivers stronger cash and profits but guidance comes in slightly short, says broker

Wise Group PLC delivered stronger-than-expected annual profits, but its growth guidance for the year ahead came in slightly below market expectations. The mixed result was still well received, with shares up 6.5% to 883p on Friday afternoon. Overall, the article points to solid fundamentals tempered by a modestly cautious outlook.

Analysis

Wise Group PLC delivered stronger-than-expected annual profits, but its growth guidance for the year ahead came in slightly below market expectations. The mixed result was still well received, with shares up 6.5% to 883p on Friday afternoon. Overall, the article points to solid fundamentals tempered by a modestly cautious outlook.