Posted on 05/15/2014 at 08:02
2014 first-quarter report: Wirecard continues previous year's positive business trend
Wirecard continued its positive business trend during the first quarter of 2014.
Consolidated revenue grew by 24.9 percent, from EUR 101.1 million in the prior-year period to EUR 126.2 million. Operating earnings before interest, tax, depreciation and amortisation (EBITDA) were up by 33.1 percent to EUR 35.0 million (Q1/2013: EUR 26.3 million).
Transaction volumes processed through the Wirecard platform grew by 28.1 percent year-on-year to reach EUR 7.3 billion. At EUR 1.4 billion, the share of total volumes generated in Asia stood at 19.2 percent.
Cash flow from operating activities (adjusted) grew to EUR 25.0 million.
As a technology-provider for electronic payment transactions, Wirecard occupies a globally leading role today. Internet technologies are increasingly dominating payment functionalities across all sales channels. A Wirecard USP is to develop innovative, Internet-based software solutions and combine them with financial services.
Dr. Markus Braun, CEO of Wirecard AG, comments: "We have made a very good start in all business areas, and expect 2014 to be a successful fiscal year."
Wirecard AG's Management Board confirms its forecast of operating earnings before interest, tax, depreciation and amortisation (EBITDA) of between EUR 160 million and EUR 175 million in the 2014 fiscal year.
2014 Q1 report download: ir.wirecard.com/financialreportsDownload Press Release