Posted on 04/08/2015 at 08:03
Annual results Wirecard AG: dynamic growth in the 2014 fiscal year
Consolidated revenue increased by 24.8 percent, Transaction volumes up by 28.5 percent, Earnings per share: EUR 0.89, Proposed dividend of EUR 0.13 per share
Wirecard AG reported a successful 2014 fiscal year. Consolidated revenue increased by 24.8 percent from EUR 481.7 million in the previous year to reach EUR 601.0 million. Earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 37.3 percent to EUR 172.9 million (2013: EUR 126.0 million).
Transaction volumes processed through the Wirecard platform grew by 28.5 percent from EUR 26.7 billion in the previous year to EUR 34.3 billion. Asia contributed EUR 7.4 billion, which represented a share of 21.6 percent (2013: 16.8 percent) of the total volume.
The cash flow from operating activities (adjusted) amounted to EUR 144.0 million (2013: EUR 107.5 million). Earnings per share increased to EUR 0.89. The Management Board will propose to this year's Annual General Meeting that a dividend of EUR 0.13 per share is paid to shareholders.
In the 2014 fiscal year, the Wirecard Group exceeded its growth targets in its core
e-commerce business. The key factors, alongside market growth, were the resulting increase in processing volumes from existing customers, sales successes with new customers, the strategic expansion and innovations in the area of mobile payments and the associated value added services.
Wirecard offers retailers payment processing based on internet technologies for all sales channels, whether online, mobile or point-of-sale (POS).
In 2014, Near Field Communication (NFC) established itself as the technological standard for mobile payment at the POS. The projects that Wirecard had been implementing with leading telecommunication service providers in a variety of European countries since 2012 were gradually rolled out as soft launches in 2014. Numerous new products – whether mobile wallets, the mPOS solution mobile card reader or mobile payment applications – are already being deployed through our distribution partners in various markets whether in Europe or Asia.
“Our increasingly global orientation in the core e-commerce business will serve as the main basis for the dynamic development of the Wirecard Group over the next few years”, said Dr. Markus Braun and continued: “Internet technologies are playing an ever greater role in all areas of our lives.”
The Management Board of Wirecard AG is optimistic about the company's business performance and expects operating earnings before interest, tax, depreciation and amortisation (EBITDA) of between EUR 210 million and EUR 230 million in 2015. This growth forecast is based on the market growth of online transactions in Europe, the acquisition of new customers, the dynamic development of business in the Asia-Pacific region and Africa, activities in the area of mobile payments, as well as entry into new business areas.
Alongside strong organic growth, the company aims to increase the presence of the Group in growth markets through acquisitions. In line with the global orientation of Wirecard AG, the company's strategic focus will also be placed here on acquisitions outside of Europe and Asia.
The 2014 Annual Report is available on the company's website at: