Wirecard AG / Quarter Results/Interim Report
19.11.2009
Dissemination of a Corporate News, transmitted by
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Grasbrunn, Munich, November 19, 2009; in the third quarter and in the first
nine months of the current financial year, Wirecard AG continued its robust
double-digit sales revenue and earnings growth.
Group sales revenues were up by 16 percent in the first nine months of
2009, from 141.1 million euros in the previous-year period reaching
163.7 million euros. EBITDA likewise increased by 16 percent, to 43.6
million euros (9M/2008: 37.6 million euros). Earnings before interest and
taxes (EBIT) were raised by 15.6 percent, to 40.7 million euros (9M/2008:
35.2 million euros).
In the third quarter of 2009, consolidated sales revenues in the Group rose
13.8 percent year-on-year, to 60.1 million euros (Q3/2008: 52.8 million
euros). Earnings before interest, taxes, depreciation and amortization
(EBITDA) in the quarter under review increased by 17.4 percent; from
13.8 million euros a year earlier to 16.2 million euros. Earnings before
interest and taxes (EBIT) amounted to 15.1 million euros, equivalent to a
rise of 16.2 percent in relation to the same previous-year quarter
(Q3/2008: 13.0 million euros).
In the first nine months of 2009, cash flow on ordinary trading activity -
adjusted for transaction volumes of a transitory nature - expanded by 35.6
percent, from 25.0 million euros in the previous year to 33.9 million
euros. In the first nine months of 2009, earnings per share rose from 0.29
euros in the same previous-year period to 0.33 euros, equivalent to an
increase of 13.8 percent.
The transaction volume processed via the Wirecard platform increased by 25
percent year-on-year, to reach 7.5 billion euros in the first nine months
2009.
Wide range of products and services
The company's positive performance is based on the integrated approach of
its business model, i.e. on close interaction of its core operations -
payment processing and risk management - with the complementary services of
Wirecard Bank AG.
The Internet as a distribution channel is benefiting from the trend of
sales revenues being relocated from stationary brick & mortar business in
the direction of online offers. Besides profiting from the gratifying
business trend of its portfolio customers, Wirecard AG constantly succeeds
in acquiring new customers opting in favor of the wide spectrum of
solutions from a single source.
Outlook
'We are also optimistic for the fourth quarter of the current fiscal year
on account of the Christmas season,' said Markus Braun, CEO of Wirecard AG,
adding: 'Organic growth in the core markets of Europe and Asia remains a
top priority to us. However, additional acquisitions cannot be ruled out in
principle, provided they meet our strict criteria.'
For the year 2009 as a whole, the Management Board of Wirecard AG expects
earnings before interest and taxes (EBIT) to range between 55 and 60
million euros, compared with 49 million euros in fiscal 2008.
The Q3/9-month report 2009 is available for download in PDF format with
immediate effect from our website http://ir.wirecard.com under the heading
'Financial reports'.
Wirecard AG
Iris Stöckl
Bretonischer Ring 4
D-85630 Grasbrunn
Ph. +49 (0) 89 4424 0424
Fax: +49 (0) 89 4424 0524
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, Wirecard supports over
10,000 companies from many and various industry segments in automating
their payment processes and minimizing cases of default. Wirecard Bank AG
provides account and credit card services both for business and private
customers and is a Principal Member of VISA, MasterCard and JCB. The
Wirecard Internet payment service enables consumers to make secure payments
at millions of MasterCard acceptance outlets worldwide. Wirecard AG is
listed on the Frankfurt Securities Exchange (TecDAX, ISIN DE0007472060,
WDI).
www.wirecard.com | www.wirecardbank.de | www.mywirecard.com
19.11.2009 Financial News distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|]
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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: Q3/9-month report Wirecard AG: solid, double-digit growth
| Source: EQS Group AG