Posted on 05/16/2013 at 17:15
Wirecard AG gets off to flying start in the new fiscal year
The first three months of the new year have certainly brought successful business for Wirecard AG.
Consolidated revenues in the first quarter of 2013 were up 21 percent to EUR 101.1 million (Q1/2012: EUR 83.6 million). EBITDA increased by 13 percent from EUR 23.3 million to EUR 26.3 million.
Compared to the same period of the previous year, the transaction volume processed using the Wirecard platform was up by nearly 30 percent to EUR 5.7 billion. Asia accounts for EUR 0.8 billion or almost 14 percent of the total volume.
Cash flow from operating activities (adjusted for transaction volumes of a transitory nature) was up to EUR 22.7 million (Q1/2012: EUR 18.3 million).
The Wirecard Group provides companies with an end-to-end product range thanks to its solutions for everything to do with Internet payment processing, integrated risk management services such as fraud prevention, and financial services for card acceptance or currency management.
“We are taking an optimistic view of fiscal year 2013, and expect that we will once again grow at a faster pace than the market this year. This is based on our core business, which is benefiting from the growing eCommerce market in Europe and Asia”, commented Dr. Markus Braun, CEO of Wirecard AG and added: “In the first quarter of 2013, we were able to further expand our leading position for mobile payment services and the associated added-value services”.
The Management Board confirms its forecast of EBITDA of between EUR 120 and EUR 130 million for fiscal year 2013, taking the investments in Mobile Payments into account.
The interim report for the first quarter 2013 is available on our Website: