Q3 and 9-month report 2009

Wirecard AG: solid, double-digit growth

In the third quarter and in the first nine months of the current financial year, Wirecard AG continued its robust double-digit sales revenue and earnings growth.

Group sales revenues were up by 16 percent in the first nine months of 2009, from 141.1 million euros in the previous-year period reaching 163.7 million euros. EBITDA likewise increased by 16 percent, to 43.6 million euros (9M/2008: 37.6 million euros). Earnings before interest and taxes (EBIT) were raised by 15.6 percent, to 40.7 million euros (9M/2008: 35.2 million euros).

In the third quarter of 2009, consolidated sales revenues in the Group rose 13.8 percent year-on-year, to 60.1 million euros (Q3/2008: 52.8 million euros). Earnings before interest, taxes, depreciation and amortization (EBITDA) in the quarter under review increased by 17.4 percent; from 13.8 million euros a year earlier to 16.2 million euros. Earnings before interest and taxes (EBIT) amounted to 15.1 million euros, equivalent to a rise of 16.2 percent in relation to the same previous-year quarter (Q3/2008: 13.0 million euros).

In the first nine months of 2009, cash flow on ordinary trading activity - adjusted for transaction volumes of a transitory nature - expanded by 35.6 percent, from 25.0 million euros in the previous year to 33.9 million euros.

In the first nine months of 2009, earnings per share rose from 0.29 euros in the same previous-year period to 0.33 euros, equivalent to an increase of 13.8 percent.

In the first nine months of the current fiscal year, the transaction volume processed via the Wirecard platform increased by 25 percent year-on-year, to reach 7.5 billion euros.

Wide range of products and services The company’s positive performance is based on the integrated approach of its business model, i.e. on close interaction of its core operations – payment processing and risk management – with the complementary services of Wirecard Bank AG. The Internet as a distribution channel is benefiting from the trend of sales revenues being relocated from stationary brick & mortar business in the direction of online offers. Besides profiting from the gratifying business trend of its portfolio customers, Wirecard AG constantly succeeds in acquiring new customers opting in favor of the wide spectrum of solutions from a single source.

Outlook
“We are also optimistic for the fourth quarter of the current fiscal year on account of the Christmas season,” said Markus Braun, CEO of Wirecard AG, adding: “Organic growth in the core markets of Europe and Asia remains a top priority to us.
However, additional acquisitions cannot be ruled out in principle, provided they meet our strict criteria.” For the year 2009 as a whole, the Management Board of Wirecard AG expects earnings before interest and taxes (EBIT) to range between 55 and 60 million euros, compared with 49 million euros in fiscal 2008.

The Q3 and 9-month report for 2009 is available for download in PDF format with immediate effect from our website ir.wirecard.com under the heading “Financial reports”.

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Wirecard media contact:

Wirecard AG
Iris Stöckl
Bretonischer Ring 4
D-85630 Grasbrunn / Munich
Germany
Ph.: +49 (0) 89 4424 0424
Fax: +49 (0) 89 4424 0524
e-mail: iris.stoeckl@wirecard.com
Internet: www.wirecard.de

About Wirecard AG:

Wirecard AG is one of the leading international providers of electronic payment and risk management solutions. Worldwide, Wirecard supports over 10,000 companies from many and various industry segments in automating their payment processes and minimizing cases of default. Wirecard Bank AG provides account and credit card services both for business and private customers and is a Principal Member of VISA, MasterCard and JCB. Wirecard AG is listed on the Frankfurt Securities Exchange (TecDAX, ISIN DE0007472060, WDI).

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