Posted on 08/18/2015 at 08:22
Q2/Six-Monthly Report 2015: Wirecard AG concludes a successful first half of 2015
Consolidated revenues increased in the first half of the year by 26.5 percent, EBITDA increased in the first half of the year by 31.1 percent, earnings per share increased in the first half year by 32.4 percent
Wirecard AG has concluded a successful first half of 2015 with the presentation of its second quarterly report.
Consolidated revenues increased in the first half of 2015 by 26.5 percent from EUR 268.8 million to EUR 340.1 million. In the second quarter of 2015, consolidated revenues increased by 26.7 percent to EUR 180.7 million (Q2/2014: EUR 142.6 million).
Consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) grew in the first half of 2015 by 31.1 percent to EUR 98.3 million (6M/2014: EUR 75.0 million). In the second quarter, EBITDA increased by 30.9 percent to EUR 52.3 million (Q2/2014: EUR 39.9 million). Earnings per share increased by 32.4 percent from EUR 0.37 to EUR 0.49.
The cash flow from operating activities (adjusted) stood at EUR 85.6 million at the end of the reporting period.
Transaction volumes processed through the Wirecard platform rose in comparison to the first half of 2014 by 30.3 percent to EUR 20.2 billion. The share of the transaction volume generated outside Europe was 24.3 percent or EUR 4.9 billion after the first six months of 2015.
“We achieved very strong growth in our core e-commerce business and are convinced that this trend will continue. Alongside the sustainable expansion of our existing customer business in Europe and Asia, Wirecard will thus push forward with its global expansion”, commented Wirecard CEO Markus Braun.
As a result of the integration of Internet technologies into all sales channels, whether online, mobile or point-of-sale, there has been an increasingly strong changeover to real time payment solutions. Wirecard is driving this development forward 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 finance technology.
Wirecard is continuing its strategy based principally on organic growth in combination with acquisitions – increasingly on a global level.
The Management Board expects a positive business performance in the second half of 2015 and has confirmed its most recent forecast for the fiscal year issued in July 2015 for EBITDA of between EUR 220 million and EUR 232 million.
The Q2/Six-Monthly Report is available for download with immediate effect. ir.wirecard.com/financialreportsDownload Press Release