Posted on 08/14/2012 at 16:32
Q2 / Six month report 2012
During the second quarter of 2012, Wirecard AG successfully continued to grow the company.
Consolidated revenues increased in the first half of the year by 20.3 percent from EUR 147.9 million to EUR 177.9 million. In the second quarter of 2012, consolidated revenues were up 20.9 percent to EUR 94.3 million (Q2 2011: EUR 77.9 million).
Consolidated EBITDA lifted in the first half of 2012 from EUR 35.4 million in the previous year to EUR 49.4 million (up 39.7 percent). Without the extraordinary expenses of EUR 5.2 million incurred in the first six months of 2011, EBITDA would even have increased by 21.7 percent.
The EBITDA margin in the first half of 2012 amounted to 27.8 percent (6M 2011: 23.9 percent). In the second quarter of 2012, EBITDA totaled EUR 26.1 million with an EBITDA margin of 27.7 percent.
Cash flow from operating activities (adjusted) amounted to EUR 42.0 million in the first half of 2012 (6M 2011: EUR 31.8 million).
In the first six months of 2012, the volume of transactions processed via the Wirecard platform totaled EUR 9.4 billion, of which EUR 0.9 billion was due to Asia. This pleasing growth is based on sustained growth in our core business, with new and existing customers who trust in Wirecard’s payment services. From the acceptance of all of the relevant card solutions on the market and bank-based or alternative online payment solutions through to processing for these payment methods and risk management: integrated solutions create additional benefits in terms of efficiency and costs for merchants.
Dr. Markus Braun, Wirecard AG’s CEO commented: “We will continue to expand our core business for payment services in Europe and Asia in the coming months. In the second half of 2012, we expect demand for internationally oriented eCommerce projects to continue.”
Wirecard AG’s Management Board has confirmed its forecast for EBITDA of between EUR 103 and 115 million for fiscal year 2012, taking general economic risks into account.
The Q2/semi-annual report for 2012 is available with immediate effect on our Web site http://www.wirecard.com/investorrelations/financialreports/