WIRECARD AG (FRA:WDI) Wirecard AG: Strong start to the new fiscal year

Transparency directive : regulatory news

16/05/2018 07:35




DGAP-News: Wirecard AG / Key word(s): Quarterly / Interim Statement


Wirecard AG: Strong start to the new fiscal year


16.05.2018 / 07:35



The issuer is solely responsible for the content of this announcement.



16 May 2018

Quarterly Statement for the First Quarter of 2018



Wirecard AG: Strong start to the new fiscal year



- Transaction volume in Q1/18 increased by 55.7 percent



- Consolidated revenues increased by 52.9 percent



- EBITDA increased by 38.2 percent



- Net result increased by 46.1 percent



- EBITDA 2018 guidance confirmed





Aschheim (Munich). Wirecard AG was able to report strong growth in the first quarter of the 2018 fiscal year.



Transaction volumes processed through the Wirecard platform grew in the first quarter of 2018 by 55.7 percent to EUR 26.7 billion (Q1/2017: EUR 17.2 billion).

In the first quarter of 2018, consolidated revenues for the Group increased by 52.9 percent to EUR 420.4 million (Q1/2017: EUR 274.9 million). Earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 38.2 percent to EUR 112.3 million (Q1/2017: EUR 81.3 million).



In the reporting period, earnings after tax increased by 46.1 percent to EUR 70.8 million (Q1/2017: EUR 48.5 million). The cash flow from operating activities (adjusted) amounted to EUR 87.4 million (Q1/2017: EUR 64.8 million). Free cash flow increased to EUR 71.7 million (Q1/2017: EUR 49.7 million).



Wirecard CEO Dr. Markus Braun commented: "Digitalisation is only at the very beginning in many sectors and is gathering pace around the world. As a leader for innovation in the digitalisation of payment processes, Wirecard AG has taken up an ideal competitive position to benefit from this global trend towards digitalisation."



The Management Board expects the very good business performance to continue in both the first half of the year and the remainder of 2018. The Management Board confirms its forecast for the 2018 fiscal year that was made on 12 April 2018 of an EBITDA of between EUR 520 million and EUR 545 million.



The Quarterly Statement as of 31 March 2018 is available on the company's website at: ir.wirecard.com/financialreports

Photos: wirecard.de/newsroom/imagefinder/



Wirecard media contact:


Iris Stöckl

VP Corp. Comm./IR

Tel.: +49 (0) 89-4424-1424

E-mail: iris.stoeckl@wirecard.com

http://www.wirecard.com

ISIN DE0007472060

Reuters: WDI.GDE

Bloomberg: WDI GY



About Wirecard:


Wirecard (GER:WDI) is one of the world's fastest growing digital platforms in the area of financial commerce. We provide both business customers and consumers with a constantly expanding ecosystem of real-time value-added services built around innovative digital payments by using an integrated B2B2C approach. This ecosystem concentrates on the areas payment & risk, retail & transaction banking, loyalty & couponing, data analytics & conversion rate enhancement in all sales channels (online, mobile, ePOS). Wirecard operates regulated financial institutions in several key markets, holds issuing and acquiring licenses from all major payment and card networks. Wirecard AG is listed on the Frankfurt Stock Exchange (TecDAX, ISIN DE0007472060). Visit us on www.wirecard.com, follow us on Twitter @wirecard and on Facebook @wirecardgroup. 
















16.05.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Wirecard AG

Einsteinring 35

85609 Aschheim b. München

Germany
Phone: +49 (0)89-4424 1400
Fax: +49 (0)89-4424 1500
E-mail: ir@wirecard.com
Internet: www.wirecard.com
ISIN: DE0007472060
WKN: 747206
Indices: TecDAX, Prime All Share, Technology All Share
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange





 
End of News DGAP News Service





686333  16.05.2018 



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