Posted on 11/19/2013 at 09:24
Wirecard AG: successful third quarter 2013
Wirecard AG reports a successful third quarter of the current fiscal year.
In the first nine months of fiscal 2013 consolidated revenues were up by 22 percent to EUR 341.1 million. Group earnings before interest, taxes, depreciation and amortization (EBITDA) increased in the nine month period 2013 by 15 percent to EUR 89.8 million (9M/2012: EUR 78.1 million). After adjusting investments in the new Mobile Payment business field that were recognized in profit and loss, EBITDA growth in this period would have been 24 percent.
In the third quarter 2013, consolidated revenues were up by 23 percent to EUR 125 million (Q3 2012: EUR 101.6 million). EBITDA rose by 17 percent to EUR 33.6 million (Q3/2012: EUR 28.8 million).
Cash flow from operating activities (adjusted) increased during the first nine months of 2013 to EUR 77.9 million (9M/2012: EUR 65.3 million). As per September 30, 2013 earnings per share amounted to EUR 0.51 (9M/2012: EUR 0.48)
During the first nine months of the current fiscal year the transaction volume processed via the Wirecard platform was up by 28 percent to EUR 19.0 billion. Asia accounted for around 16 percent or EUR 3.0 billion of this total.
The positive growth of the core business, which spans global payment processing, risk management and payment acceptance, is mostly based on three factors: sustainable growth for the eCommerce market, constant new customer acquisitions as well as the innovative strength of Wirecard.
“We are pleased about the success in our new Mobile Services business field, which includes both mobile payments as well as mobile payment services and the associated value-added services”, says Wirecard CEO Markus Braun. “Wirecard has staked its place as a leading partner for mobile payment solutions at the very start of the European mobile payment initiatives”.
Wirecard AG offers its customers state-of-the-art technology, transparent real-time reporting services and support in developing their international payment strategies throughout all sales channels: offline, online or mobile.
The Management Board has added granularity to its previous EBITDA forecast for fiscal year 2013 of EUR 120 to 130 million, to a current forecast of EUR 123 to 128 million. This already takes our investments in the new Mobile Payments business field into account.
The Q3/9M-report 2013 is available on our website:
250aboutchars openhttp://www.wirecard.com/newsroom/press-releases/newsdetail/wirecard-ag-successful-third-quarter-2013/mail sentto (E-mail)fromMessage (optional)