New premium listing: Bumpy road for Eurowag

WAG Payment Solutions, known as Eurowag, believes that the market for the provision of payments and other services to the commercial transport sector. Only 13% of the target market has adopted digital services.   Eurowag offers an integrated range of services.

This can help to reduce the non-driving burden on truck drivers and improve efficiency. The European market for these services could be worth as much as EUR12.7bn by 2025. The 50 largest customers account for 8.5% of revenues, so there is no dependence on a limited number of customers.

Eurowag is good at retaining customers and selling them additional services. Trading got off to a poor start in conditional dealings prior to the flotation. The share price fell from 150p to 139p over those three days.

On the first day of …