Posted on 11/18/2015 at 08:18

Wirecard AG: Positive Result for Q3/9M 2015

Wirecard AG: Positive Result for Q3/9M 2015

In the third quarter of 2015 and also the first nine months of 2015, Wirecard continued to experience growth.

In the third quarter of 2015, consolidated revenues grew by 29.3 percent to EUR 200.9 million (Q3 2014: EUR 155.4 million). Operating earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 30.5 percent to EUR 60.1 million (Q3 2014: EUR 46.0 million).

Sales revenues increased in the nine month period 2015 by 27.5 percent from EUR 424.2 million to EUR 541.0 million. Consolidated EBITDA increased by 30.9 percent from EUR 121.0 million in the previous year to EUR 158.4 million in the reporting period. The EBITDA margin amounted to 29.3 percent in the nine month period 2015 (9M 2014: 28.5 percent). Earnings after taxes grew by 32.5 percent to EUR 98.3 million (9M 2014: EUR 74.2 million). Earnings per share increased in the nine month period 2015 from EUR 0.61 to EUR 0.80.

The cash flow from operating activities (adjusted) stood at EUR 133.3 million after the first nine months of 2015 (9M/2014: EUR 103.4 million).

The transaction volumes processed in the first nine months of 2015 amounted to EUR 32.0 billion and increased in comparison to the same period of the previous year by 31.1 percent (9M 2014: EUR 24.4 billion). The share of the transaction volumes generated outside Europe in the same period was EUR 7.9 billion (9M 2014: EUR 5.1 billion).

This organic growth has been primarily driven by the strong acquisition of new customers both inside and outside of Europe.

“The trend towards Internet-driven payment processes continued in the first nine months of this year. We expect this trend to accelerate further in future,” said Wirecard CEO Markus Braun.
Internet technology will dominate all sales channels in the area of payment processing in future: online, mobile and point-of-sale (POS). Wirecard is driving this development forward with its innovations in all areas of payment processing and card issuing on a global level.

The Management Board expects the good business performance to continue in the fourth quarter and has added granularity to its previous EBITDA forecast for the 2015 fiscal year of EUR 220 million to EUR 232 million, to a current forecast of EUR 223 million to EUR 232 million.

The Q3/9M 2015 Report is available for download with immediate effect.

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