Q1/ 3-month report 2010

Wirecard AG: successful 1st quarter of the year 2010

Grasbrunn/Munich, May 19, 2010 – In the first quarter of 2010, Wirecard AG succeeded in following up the good performance achieved last year. Group sales revenues rose by 21 per cent compared to the first quarter of 2009, amounting to 59.3 million euros. Compared with the same quarter in 2009, earnings before interest and taxes (EBIT) were up by 21 per cent, to 14.4 million euros. Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) increased by 22 percent in the first three months of 2010, to EUR 15.6 million (Q1/2009: EUR 12.8 million). After-tax earnings increased by 29 percent, from EUR 9.2 million in the previous-year period to EUR 11.9 million.

The cash flow from current business activities, adjusted for transaction vo-lumes of a transitory nature, increased by 16 percent, to EUR 12.6 million.

Sales revenues generated by risk management services and the processing of online payment transactions in the core segment of “Payment Processing & Risk Management” increased by about 18.5 percent in the first quarter of 2010, from EUR 46.6 million to EUR 55.2 million.

The proportion of Group sales generated by the Acquiring & Issuing seg-ment and, therefore, by Wirecard Bank AG, grew by 82 percent, from EUR 13.9 million in the previous–year quarter to EUR 25.3 million, impres-sively reflecting the dynamic business development of bank-based services and products.

After the first three months of 2010, earnings per share came to EUR 0.12, up by 33 percent year-on-year (Q1/2009: EUR 0.09).

The transaction volume processed via the Wirecard platform increased by 27 percent year-on-year, to EUR 2.8 billion. Constant growth rates were recorded in our new customer business.
 
Outlook
“We managed a very successful start to the new year and continue to focus primarily on organic growth,” said Dr. Markus Braun, CEO of Wirecard AG.

Accordingly, the Management Board of Wirecard AG is optimistic for the further course of the financial year and affirms its forecast of achieving EBITDA of EUR 70 to 75 million. At this year’s Annual General Meeting, a dividend payout of EUR 0.09 per share will be proposed.

The Q1 report for 2010 is available in PDF format for download with immediate effect from our website www.wirecard.com/investor-relations under the heading “Financial reports”.

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Wirecard media contact:

Wirecard AG
Iris Stöckl
Bretonischer Ring 4
D-85630 Grasbrunn
Tel.:  +49 (0) 89 4424 1424
Fax:  +49 (0) 89 4424 2424
E-mail: iris.stoeckl@wirecard.com
Internet: www.wirecard.de


About Wirecard:

Wirecard AG is one of the leading international providers of electronic payment and risk management solutions. Worldwide, the Wirecard Group supports over 11,000 companies from many and various industry segments in automating their payment processes and minimizing cases of default. Wirecard Bank AG is a Principal Member of Visa, MasterCard and JCB and operates as a credit card acquirer in more than 69 countries around the world, involving over 100 transaction currencies and 15 payout currencies. Part of the Wirecard Group, Wirecard Bank provides innovative solutions in the fields of corporate banking, prepaid and co-branded cards, along with account products for both business and private customers. Wirecard AG is listed on the Frankfurt Securities Exchange (TecDAX, ISIN DE0007472060, WDI).

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