Wirecard AG / Quarter Results
19.05.2010 08:35
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Grasbrunn/Munich, May 19, 2010 - In the first quarter of 2010, Wirecard AG
succeeded in following up the good performance achieved last year. Group
sales revenues rose by 21 per cent compared to the first quarter of 2009,
amounting to 59.3 million euros. Compared with the same quarter in 2009,
earnings before interest and taxes (EBIT) were up by 21 per cent, to 14.4
million euros. Consolidated earnings before interest, taxes, depreciation
and amortization (EBITDA) increased by 22 percent in the first three months
of 2010, to EUR 15.6 million (Q1/2009: EUR 12.8 million). After-tax
earnings increased by 29 percent, from EUR 9.2 million in the previous-year
period to EUR 11.9 million.
The cash flow from current business activities, adjusted for transaction
volumes of a transitory nature, increased by 16 percent, to
EUR 12.6 million.
Sales revenues generated by risk management services and the processing of
online payment transactions in the core segment of 'Payment Processing &
Risk Management' increased by about 18.5 percent in the first quarter of
2010, from EUR 46.6 million to EUR 55.2 million.
The proportion of Group sales generated by the Acquiring & Issuing seg-ment
and, therefore, by Wirecard Bank AG, grew by 82 percent, from
EUR 13.9 million in the previous-year quarter to EUR 25.3 million,
impressively reflecting the dynamic business development of bank-based
services and products.
After the first three months of 2010, earnings per share came to EUR 0.12,
up by 33 percent year-on-year (Q1/2009: EUR 0.09).
The transaction volume processed via the Wirecard platform increased by 27
percent year-on-year, to EUR 2.8 billion. Constant growth rates were
recorded in our new customer business.
Outlook
'We managed a very successful start to the new year and continue to focus
primarily on organic growth,' said Dr. Markus Braun, CEO of Wirecard AG.
Accordingly, the Management Board of Wirecard AG is optimistic for the
further course of the financial year and affirms its forecast of achieving
EBITDA of EUR 70 to 75 million. At this year's Annual General Meeting, a
dividend payout of EUR 0.09 per share will be proposed.
The report for the 1st quarter is available for download on our
website http://www.wirecard.com/investor-relations under the heading
'Financial reports'.
Wirecard AG
Iris Stöckl
Bretonischer Ring 4
D-85630 Grasbrunn
Ph.: +49 (0) 89 4424 1424
Fax: +49 (0) 89 4424 2424
E-mail: iris.stoeckl@wirecard.com
Internet: www.wirecard.com
About Wirecard:
Wirecard AG is one of the leading international providers of electronic
payment and risk management solutions. Worldwide, the Wirecard Group
supports over 11,000 companies from many and various industry segments in
automating their payment processes and minimizing cases of default.
Wirecard Bank AG is a Principal Member of Visa, MasterCard and JCB and
operates as a credit card acquirer in more than 69 countries around the
world, involving over 100 transaction currencies and 15 payout currencies.
Part of the Wirecard Group, Wirecard Bank provides innovative solutions in
the fields of corporate banking, prepaid and co-branded cards, along with
account products for both business and private customers. Wirecard AG is
listed on the Frankfurt Securities Exchange (TecDAX, ISIN DE0007472060,
WDI).
www.wirecard.com | www.wirecardbank.de | www.mywirecard.com
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Language: English
Company: Wirecard AG
Bretonischer Ring 4
85630 Grasbrunn b. München
Deutschland
Phone: +49 (0)89-4424 0400
Fax: +49 (0)89-4424 0500
E-mail: ir@wirecard.com
Internet: www.wirecard.com
ISIN: DE0007472060
WKN: 747206
Indices: TecDAX, Prime All Share, Technology All Share
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Düsseldorf, Hamburg, Stuttgart
End of News DGAP News-Service
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DGAP-News: Wirecard AG: successful first quarter of the year 2010
| Source: EQS Group AG