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Q2 / Six month report 2012
Wirecard AG continues to successfully grow the company
Aschheim (Munich), August 14, 2012; During the second quarter of 2012, Wirecard AG successfully continued to grow the company.
Consolidated revenues increased in the first half of the year by 20.3 percent from EUR 147.9 million to EUR 177.9 million. In the second quarter of 2012, consolidated revenues were up 20.9 percent to EUR 94.3 million (Q2 2011: EUR 77.9 million).
Consolidated EBITDA lifted in the first half of 2012 from EUR 35.4 million in the previous year to EUR 49.4 million (up 39.7 percent). Without the extraordinary expenses of EUR 5.2 million incurred in the first six months of 2011, EBITDA would even have increased by 21.7 percent.
The EBITDA margin in the first half of 2012 amounted to 27.8 percent (6M 2011: 23.9 percent). In the second quarter of 2012, EBITDA totaled EUR 26.1 million with an EBITDA margin of 27.7 percent.
Cash flow from operating activities (adjusted) amounted to EUR 42.0 million in the first half of 2012 (6M 2011: EUR 31.8 million).
In the first six months of 2012, the volume of transactions processed via the Wirecard platform totaled EUR 9.4 billion, of which EUR 0.9 billion was due to Asia. This pleasing growth is based on sustained growth in our core business, with new and existing customers who trust in Wirecard’s payment services. From the acceptance of all of the relevant card solutions on the market and bank-based or alternative online payment solutions through to processing for these payment methods and risk management: integrated solutions create additional benefits in terms of efficiency and costs for merchants.
Outlook
Dr. Markus Braun, Wirecard AG’s CEO commented: “We will continue to expand our core business for payment services in Europe and Asia in the coming months. In the second half of 2012, we expect demand for internationally oriented eCommerce projects to continue.”
Wirecard AG’s Management Board has confirmed its forecast for EBITDA of between EUR 103 and 115 million for fiscal year 2012, taking general economic risks into account.
The Q2/semi-annual report for 2012 is available with immediate effect on our Web site http://www.wirecard.com/investorrelations/financialreports/
Media contact:
Wirecard AG
Iris Stöckl
Einsteinring 35
D-85609 Aschheim
Phone: +49 (0) 89 / 4424 - 1424
Fax: +49 (0) 89 / 4424 - 2424
E-mail: iris.stoeckl@wirecard.com
Internet: www.wirecard.com
About Wirecard:
Wirecard AG is one of the leading international providers of electronic payment and risk management solutions. Worldwide, the Wirecard Group supports over 13,000 companies from a wide range of 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 69 countries around the world, involving over 100 transaction currencies and 18 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).
