Posted on 08/16/2018 at 08:00
Wirecard AG: Strong first half of the year
Q2/Six-Monthly Report 2018
- Transaction volume in H1/18 increased by 48.5 percent
- Consolidated revenues increased by 45.8 percent
- EBITDA increased by 39.0 percent
- Free cash flow increased by 40.2 percent
- EBITDA guidance 2018 increased
In the first half of the current fiscal year, Wirecard AG was able to record strong growth.
Consolidated revenues for the Group increased in the first half of 2018 by 45.8 percent to EUR 897.6 million (H1/2017: EUR 615.5 million). In the second quarter of 2018, revenues increased in comparison to the same quarter of the previous year by 40.1 percent to EUR 477.1 million (Q2/2017: EUR 340.6 million).
In the first half of 2018, operating earnings before interest, tax, depreciation and amortisation (EBITDA) increased in comparison to the same period of the previous year by 39.0 percent from EUR 176.5 million to EUR 245.4 million. EBITDA increased in the second quarter of 2018 by 39.8 percent to EUR 133.0 million (Q2/2017: EUR 95.2 million).
In the first half of 2018, earnings after tax increased by 46.6 percent to EUR 153.3 million (H1/2017: EUR 104.5 million).
The cash flow from operating activities (adjusted) amounted to EUR 196.2 million. Free cash flow increased by 40.2 percent to EUR 161.4 million (H1/2017: EUR 115.1 million).
The transaction volume processed through the Wirecard platform grew in the first six months by 48.5 percent to EUR 56.2 billion (H1/2017: EUR 37.9 billion).
Wirecard CEO Dr. Markus Braun commented: “We have recorded strong organic growth, not least due to the accelerating global trend towards the digitalisation of payment processes. Digitalisation is still only at the very beginning in many sectors. Therefore, retailers have enormous potential for growth by combining all sales channels via one uniform, digital platform. Customers thus receive a seamless purchasing experience and retailers can manage customer contact in real time.”
The Management Board expects the strong business performance to continue in the second half of 2018. As a result of the strong growth, the EBITDA forecast for the 2018 fiscal year has been increased to between EUR 530 million and EUR 560 million (previously: between EUR 520 million and EUR 545 million).
The Q2/Six-Monthly Report as of 30 June 2018 is available on the company’s website at: ir.wirecard.com/financialreportsDownload Press Release