Wirecard AG Preliminary results 2019

Nachrichtenagentur: news aktuell
14.02.2020, 10:00  |  383   |   |   
Aschheim (Munich) (ots) - Wirecard AG continued its growth course in fiscal year
2019, substantially boosting both sales revenues and earnings.

According to preliminary figures, consolidated sales revenues in 2019 rose to
EUR 2.8 billion and thus by around 38 percent (2018: EUR 2.0 billion).
Preliminary earnings before interest, taxes, depreciation and amortization
(EBITDA) rose in the past fiscal year by around 40 percent to EUR 785 million
(2018: EUR 561 million). Adjusted for extraordinary expenses for audit, advisory
and legal services in Q4/2019, EBITDA amounts to EUR 794 million, an increase of
42 percent.

In the fourth quarter, preliminary consolidated revenues increased by 46 percent
to EUR 835 million compared to the same quarter in the previous year (2018: EUR
571 million). Preliminary earnings before interest, taxes, depreciation and
amortization (EBITDA) increased during this time period by about 41 percent to
EUR 232 million at Group level (Q4/2018: EUR 165 million). Adjusted for
extraordinary expenses for audit, advisory and legal services which were
incurred in Q4, EBITDA for the fourth quarter was EUR 241 million, corresponding
to an increase of around 46 percent.

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Dr. Markus Braun, CEO Wirecard AG, said: "This is a strong result on our path
for profitable growth. Above all, it is very clear evidence of the sustained
profitability of our business model. Digital payment transactions have already
overtaken cash payments in some countries. Our structural growth drivers reveal
considerable potential and are therefore also an outlook for Wirecard's future."

Alexander von Knoop, CFO Wirecard AG, said: "Wirecard's financial performance
seamlessly continues the good results of previous years. Targeted investments
with a constant focus on active cost management have again resulted in
outstanding EBITDA in 2019. In addition, we expect a strong cash flow".

For the current fiscal year 2020, the Management Board confirms its outlook and
expects earnings before interest, taxes, depreciation and amortization (EBITDA)
in a range of EUR 1.0 billion to EUR 1.12 billion.

All results mentioned are preliminary. The audited consolidated financial
statements for 2019 will be published on April 8, 2020.

About Wirecard:

Wirecard (GER:WDI) is one of the world's fastest growing digital platforms in
the area of financial commerce. We provide both business customers and consumers
with a constantly expanding ecosystem of real-time value-added services built
around innovative digital payments by using an integrated B2B2C approach. This
ecosystem concentrates on the areas payment & risk, retail & transaction
banking, loyalty & couponing, data analytics & conversion rate enhancement in
all sales channels (online, mobile, ePOS). Wirecard operates regulated financial
institutions in several key markets and holds issuing and acquiring licenses
from all major payment and card networks. Wirecard AG is listed on the Frankfurt
Stock Exchange (DAX and TecDAX, ISIN DE0007472060). Visit us on
www.wirecard.com, follow us on Twitter @wirecard and on Facebook @wirecardgroup.

Wirecard contact:

Wirecard AG
Iris Stoeckl
VP Investor Relations/ Corporate Communications
Tel.: +49 (0) 89-4424-1424
E-Mail: iris.stoeckl@wirecard.com
ISIN DE0007472060
Reuters: WDI.GDE
Bloomberg: WDI GY

Additional content: https://www.presseportal.de/pm/15202/4520056
OTS: Wirecard AG
ISIN: DE0007472060
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