Posted on 08/18/2011 at 14:59
Q2/6-Month Report 2011
During the second quarter of 2011, Wirecard AG successfully continued its revenue and income-oriented on-track growth.
Consolidated revenues increased in the second quarter of 2011 by 19.4 percent to just under EUR 78 million (Q2 2010: EUR 65.3 million). In total, revenues in the first six months of 2011 amounted to EUR 147.9 million, up 19.5 percent. EBITDA totaled EUR 35.4 million and includes one-off extraordinary expenses of EUR 5.2 million.
Excluding these costs, EBITDA would have increased by 21.2 percent in the first six months of 2011 year-on-year, to EUR 40.6 million. These one-off costs now no longer need to be considered.
Cash flow from operating activities (adjusted for transaction volumes of a transitory nature) amounted to EUR 27.7 million in the first half of 2011 (6M 2010: EUR 26.4 million).
During the first six months of the fiscal year, the Wirecard Group succeeded in further expanding its operating core business and further drove its expansion in Asia.
The transaction volume increased by 22 percent from EUR 5.8 billion (6M 2010) to EUR 7.1 billion (6M 2011).
Dr. Markus Braun, Wirecard AG’s CEO commented: “We are expecting a strong second half to the year thanks to the positive forces on the market.”
Wirecard AG’s Board of Management is confirming its forecast for fiscal year 2011 of recording EBITDA of between EUR 81 - 89 million.
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