Posted on 04/09/2014 at 08:00
Annual results: Wirecard - successful FY 2013
Once again, Wirecard AG is reporting a successful fiscal year.
- Consolidated revenues grow by 22.1 percent
- Transaction volumes up 28.4 percent
- Earnings per share: EUR 0.74
- Proposed dividend of EUR 0.12 per share
Consolidated revenues grew 22.1 percent year-on-year to reach EUR 481.7 million in 2013. Earnings before interest, tax, depreciation and amortisation (EBITDA) were up by 15.3 percent to EUR 126.0 million. Adjusted by investments in the Mobile Payment area, EBITDA grew by 24.4 percent.
Transaction volumes processed over the Wirecard platform was up by 28.4 percent, from EUR 20.8 billion in the previous year to EUR 26.7 billion. Of this total transaction volume, Asia contributed 16.8 percent.
(Adjusted) cash flow from operating activities amounted to EUR 107.5 million in fiscal 2013.
A dividend of EUR 0.12 per share is to be proposed to this year's Annual General Meeting, to be paid out of earnings per share that increased to EUR 0.74.
The Wirecard Group is deploying its innovative products and solutions to exploit the opportunities on offer from e-commerce growth. Specific success parameters from which Wirecard is benefiting include growing transaction volumes among existing customers, added value services, sales successes with new customers, as well as its strategic expansion in Asia.
Wirecard offers its business customers cost-saving potentials and added values by enabling them to outsource the growing complexity of payment processing to a service-provider. Based on Internet technologies, Wirecard today offers payment processing for all sales channels, whether online, offline or mobile.
"We will continue to dynamically expand our core business global payment processing, through our Multi-Channel Payment Gateway based on Internet technologies," said Dr. Markus Braun, before adding: "This business will continue to outperform the market this year in Europe, according to our planning. Additionally we anticipate increasing growth impulses driven by the geographic expansion of our business, especially in Southeast Asia."
The Wirecard Group is also focusing on applications in the areas of mobile payment acceptance, mobile money transfers, and the technical provision of loyalty and couponing programs that are integrated seamlessly into mobile payment processes.
As Markus Braun, CEO of Wirecard AG, commented "We are expanding our position as a leading Europe partner in the new Mobile Payment business areas – both as a key company for technology services and as a card issuer."
Wirecard AG's Management Board expects operating earnings before interest, tax, depreciation and amortisation (EBITDA) of between EUR 160 million and EUR 175 million in the 2014 fiscal year.
The 2013 annual report is available from the company's website: