Posted on 11/15/2017 at 07:41
Wirecard AG benefits from strong digital growth
Transaction volume in 9M/2017 increased by 43.5%, revenues by 42.0%
- Transaction volume in 9M/2017 increased by 43.5 percent
- Consolidated revenues in 9M/2017 increased by 42.0 percent
- EBITDA in 9M/2017 increased by 34.0 percent
- Net result in 9M/2017 increased by 33.4 percent
- EBITDA 2017 guidance confirmed
In the third quarter 2017 or after nine months of the current fiscal year, the Wirecard Group was able to further build on the positive growth of the company.
Transaction volumes processed through the Wirecard platform grew in the first nine months of 2017 by 43.5 percent to EUR 62.5 billion (9M/2016: EUR 43.6 billion). In this period, consolidated revenues increased by 42.0 percent to EUR 1.021 billion (9M/2016: EUR 719.4 million). Operating earnings before interest, tax, depreciation and amortisation (EBITDA) had increased by 34.0 percent to EUR 286.6 million (9M/2016: EUR 213.9 million) after the first nine months of the year.
In the third quarter of 2017, consolidated group revenues increased by 51.7 percent to EUR 405.9 million (Q3/2016: EUR 267.6 million). EBITDA increased by 35.0 percent to EUR 110.1 million (Q3/2016: EUR 81.5 million).
Earnings after tax (adjusted) increased in the nine month period by 33.4 percent to EUR 168.5 million. The cash flow from operating activities (adjusted) amounted to EUR 234.0 million after nine months.
Wirecard has significantly expanded its leading position in the area of innovative solutions for the digitalisation of payment processes during the course of the current fiscal year.
Wirecard CEO Dr. Markus Braun commented: “We are strongly benefitting from the accelerating trend for digitalisation in all sectors and sales channels. Through the provision of an end-to-end digital ecosystem in the area of payment, which is constantly further developed, Wirecard is supporting companies from all sectors in their digital transformation around the world.”
The Management Board of Wirecard AG expects a very successful performance in the 2017 fiscal year and confirms its recently raised forecast for operating earnings before interest, tax, depreciation and amortisation (EBITDA) of between EUR 398 million and EUR 415 million.
The Quarterly Statement as of 30 September 2017 is available on the company's website at: ir.wirecard.com/financialreportsDownload Press Release