Posted on 04/14/2011 at 17:18
Annual results 2010
In the 2010 financial year, Wirecard AG once again substantially boosted both its sales revenues and operating result.
- Consolidated sales revenues up by 19 percent
- 21 percent rise in EBITDA
- Earnings per share: EUR 0.53
- Proposed dividend: EUR 0.10
- EBITDA guidance for 2011 confirmed
Consolidated sales revenues increased by 19 percent in fiscal 2010, from 228.5 million euros to 271.6 million euros. Consolidated earnings be-fore interest, taxes and depreciation & amortization (EBITDA) increased by 21 percent, from 60.7 million in the preceding year to 73.3 million euros in 2010.
On after-tax earnings of 54.0 million euros, (diluted) earnings per share increased from 0.45 euros in the previous year to 0.53 euros.
Cash flow from current business activities adjusted for transaction volumes of a transitory nature amounted to 60.9 million euros.
On account of the Company’s good earnings position, the Board of Man-agement and the Supervisory Board will propose at the Annual General Meeting scheduled to held on June 22, 2011 that a dividend amounting to 0.10 euros per share be paid to the stockholders.
In the period under review, the level of equity rose 18 percent, to reach 289.8 million euros. The equity ratio at the balance sheet date improved to 52.7 percent (2009: 45.3 percent).
As expected, the European eCommerce in 2010 developed better than in the previous year. Operational growth was also reflected in an 18.9 percent increase in the transaction volume, from 10.6 billion euros to 12.6 billion euros.
Dr. Markus Braun, CEO of Wirecard AG: “In addition to the ongoing robust development of our core business in Europe, in the second half of 2011 we also expect positive effects from the prepaid card business and our further expansion in Asia.”
The international orientation and innovative power of the Wirecard Group will continue to constitute the basic foundations for future dynamic business trends.
The Board of Management of Wirecard AG confirms its forecast, published at the beginning of the year that earnings before interest taxes, depreciation & amortization (EBITDA) should reach between 81 and 89 million euros in fiscal 2011.
With immediate effect, the 2010 Annual Report of Wirecard AG is available for download in PDF format from the Investor Relations website in the “Financial Reports” section.