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Wirecard H1 revenue up

26 July 2007  |  1551 views  |  0 Source: Wirecard

According to preliminary figures, in the first half of fiscal 2007 Wirecard AG managed to continue its constant growth trend.

Sales revenues amounted to EUR 56.5 million (previous year: EUR 36.5 million), an increase by 55 per cent. EBIT, at EUR 13.3 million, is 62 per cent higher year-on-year (1st half of 2006: EUR 8.2 million). A half-year comparison shows that the EBIT margin improved from 22.5 to 23.5 per cent.

In the second quarter of 2007, sales revenues compared with the previous quarter rose from EUR 19.3 million to reach EUR 29.9 million, equivalent to a 55 per cent increase. The preliminary operating result amounts to EUR 7.2 million. Compared to the previous-year quarter, with EBIT of EUR 4.4 million, the increase amounts to 64 per cent.

The core market of electronic payment processing, which has seen sustained growth, and the new card products of Wirecard Bank AG are the basis for the ongoing positive business trend.

In particular, economies of scale were instrumental in achieving these positive results. For one thing, from a technological point of view the existing finance platform represents a highly scaleable basis for core operations. For another, the value added depth has increased since Wirecard Bank AG was integrated into the Group.

All results are preliminary. The full quarterly report will be published on August 16, 2007.

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