Wirecard reports strong third quarter
16 November 2016 | 1921 views | 0
In the third quarter of 2016 and also the first nine months of 2016, Wirecard AG experienced further dynamic corporate growth.
In the third quarter of 2016, consolidated revenues grew by 33.2 percent to EUR 267.6 million (Q3 2015: EUR 200.9 million). Operating earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 35.8 percent to EUR 81.5 million (Q3 2015: EUR 60.1 million).
Revenues increased in the first nine months of 2016 increased by 33.0 percent from EUR 541.0 million to EUR 719.4 million. Consolidated EBITDA increased by 35.1 percent from EUR 158.4 million in the previous year to EUR 213.9 million in the reporting period. The EBITDA margin amounted to 29.7 percent in the nine month period 2016 (9M 2015: 29.3 percent). Earnings after taxes grew by 120.0 percent to EUR 216.2 million (9M 2015: EUR 98.3 million). Earnings per share increased as of the balance sheet date of 30 September 2016 from EUR 0.80 in the same period of the previous year to EUR 1.75.
The cash flow from operating activities (adjusted) stood at EUR 179.2 million after the first nine months of 2016 (9M/2015: EUR 133.3 million).
The transaction volumes processed in the first nine months of 2016 amounted to EUR 43.6 billion and increased in comparison to the same period of the previous year by 36.3 percent (9M 2015: EUR 32.0 billion). The share of the transaction volumes generated outside Europe increased in the same period by 69 percent to EUR 13.5 billion (9M 2015: EUR 7.9 billion).
“As a global service provider, Wirecard benefits from both the constant growth of the European e-commerce market and also from the dynamic development of growth markets worldwide”, commented Wirecard CEO Markus Braun.
Wirecard is driving forward the development of electronic payment with its innovations in all areas of payment processing, credit and debit card issuing and mobile wallets, such as boon, on a global level.
The Management Board expects a strong business performance in the fourth quarter and confirms its EBITDA forecast for the 2016 financial year in the range of EUR 298 million to EUR 312 million.
For the 2017 financial year, management guided an EBITDA in a bandwidth of between EUR 382 million to EUR 400 million.