Posted on 08/13/2014 at 07:57

Q2 2014: Wirecard AG presents positive results for the first half of 2014

Q2 2014: Wirecard AG presents positive results for the first half of 2014

Wirecard AG presents positive results for the first half of the year on the back of good performance in the second quarter of 2014.

In the first half of 2014, consolidated revenues increased by 24.4 percent, from EUR 216.1 million to EUR 268.8 million. In the second quarter of 2014, consolidated revenues climbed by 23.9 percent to EUR 142.6 million (Q2/2013: EUR 115.1 million).

In the first six months of 2014, the Group's EBITDA grew by 33.3 percent to EUR 75.0 million, up from the prior-year figure of EUR 56.2 million.  EBITDA climbed by 33.4 to EUR 39.9 million in the second quarter (Q2/2013: EUR 29.9 million).

The cash flow from operating activities (adjusted) stood at EUR 56.7 million at the end of the reporting period.

The transaction volume processed via the Wirecard platform rose by some 28 percent to
EUR 15.5 billion in the first half of 2014. The share generated in Asia of 20 percent in the volume amounted to EUR 3.1 billion.

High-volume agreements with new customers in the core business were signed in all industries and sectors. In addition, collaboration with numerous existing customers was expanded. 

Moreover, progress was made in the development and launching of innovative products and solutions in Mobile Payment, mPOS and Couponing & Loyalty that allow providers to offer secure payments through mobile devices, which provides users with a constantly growing range of value added services. An innovative, future-oriented concept for the Internet-based point-of-sale infrastructure has recently also been presented in "Wirecard ePOS".

In view of the successful first half of 2014, the Management Board anticipates that business will develop strongly in the second half of the year, as well as in the year as a whole.

Dr. Markus Braun, Chief Executive Officer of Wirecard AG stated: "Based on Internet technologies, the Wirecard Group is concentrating on combining innovative payment software solutions with financial services and of promoting these solutions through all sales channels, whether online, mobile or point-of-sale."

Wirecard AG's Management Board has revised its former EBITDA guidance for the fiscal year 2014 by replacing the EBITDA range of EUR 160 to 175 million by the range of between EUR 163 and 175 million.

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