Posted on 05/13/2015 at 08:00
Q1/3M Report 2015: Wirecard AG - dynamic growth in Q1/2015
Following the positive start to the current fiscal year, continued dynamic growth of Wirecard AG is expected during the course of the year.
In the first quarter of 2015, consolidated revenue for the Group increased by 26 percent to EUR 159.4 million (Q1/2014: EUR 126.2 million). Earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 31 percent to EUR 46.0 million (Q1/2014: EUR 35.0 million). Earnings after taxes increased by 35 percent and amounted to EUR 28.6 million (Q1/2014: EUR 21.1 million). Earnings per share increased by 28 percent from EUR 0.18 to EUR 0.23.
The cash flow from operating activities (adjusted) increased by 85 percent in comparison to the same quarter of the previous year to EUR 46.2 million (Q1/2014: EUR 25.0 million).
In comparison to the same period of the previous year, transaction volumes processed through the platform increased by 30 percent to EUR 9.5 billion (Q1/2014: EUR 7.3 billion). As companies outside of the Asian region were consolidated for the first time in New Zealand and South Africa in 2014, Wirecard will report the share of the transaction volume outside of Europe in the future. In the first quarter of 2015, this share of the overall transaction volume was 24.2 percent at EUR 2.3 billion.
Continued dynamic growth of the e-commerce market, the continuous acquisition of new customers and the innovative strength of Wirecard were factors influencing the positive growth of the core business in the first quarter of 2015, which comprises global payment processing, risk management and payment acceptance in combination with service solutions and banking services.
As a result of the integration of Internet technologies into all sales channels, whether online, mobile or at the point-of-sale, there has been an increasingly strong changeover to real time payment solutions. Wirecard is pushing forward this development with its innovations in all areas of payment processing and card issuing. Wirecard benefits disproportionately from this development thanks to its many years of experience as a supplier of Internet technology.
“We are continuing our strategy based principally on organic growth in connection with acquisitions – increasingly on a global level – so that in the medium term we will have a global network of service and technical facilities at our disposal”, said Wirecard CEO Markus Braun.
The Management Board of Wirecard AG is optimistic about the company's business performance this year and confirms its expectations for 2015 of achieving an EBITDA of between EUR 210 million and EUR 230 million. The Q1 Report 2015 is available for download on our website with immediate effect.Download Press Release