Posted on 05/18/2011 at 16:30
Q1 / 3-month report 2011
During the first quarter of the new financial year, Wirecard AG continued last year’s successful performance.
Consolidated sales revenues in the first three months of 2011 amounted to 69.9 million euros, up by 19.5 percent year-on-year. Earnings before interest, taxes, depreciation and amortization (EBITDA) were at 16.9 million euros. This includes non-recurring expenses of 2.3 million eurosWithout these costs, EBITDA would have increased by 20 percent in the first quarter of 2011 year-on-year, to 19.2 million euros.
After-tax earnings came to 12.5 million euros, resulting in earnings per share of EUR 0.12. Cash flow from operating business activities, adjusted for transaction volumes of a transitory nature, amounted to EUR 12.7 million.
The transaction volume processed via the Wirecard platform increased by 21 percent year-on-year, to reach EUR 3.4 billion. Constant growth rates were recorded in our new customer business.
“In our European core business, we continue to expect dynamic market development”, says Dr. Markus Braun, CEO of Wirecard AG. “In the second half of the year, we anticipate additional positive effects from the prepaid card business and our expansion in Asia”.
The Management Board confirms its forecast for EBITDA in the range of 81 to 90 million euros. At this year’s Annual General Meeting, a dividend payout of EUR 0.10 per share will be proposed.