DGAP-News: Wirecard AG / Key word(s): Quarterly / Interim Statement
16 May 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
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 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
Wirecard media contact:
16.05.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|85609 Aschheim b. München|
|Phone:||+49 (0)89-4424 1400|
|Fax:||+49 (0)89-4424 1500|
|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|