Plus   Neg

Wirecard FY17 Profit Climbs; Lifts Dividend, FY18 EBITDA View - Quick Facts

Wirecard AG (WRCDF.PK), a German provider of electronic payment and risk management applications, reported Thursday that its fiscal 2017 earnings after tax increased 46.8 percent to 259.7 million euros from last year's 176.9 million euros that was adjusted for the special effect from the sale of Visa Europe.

Earnings per share stood at 2.10 euros, compared to 1.43 euros a year ago.

Operating earnings before interest, tax, depreciation and amortisation or EBITDA grew 34.2 percent to 412.6 million euros from 307.4 million euros a year ago. The EBITDA margin increased to 27.7 percent from prior year's 29.9 percent.

Consolidated Group revenues increased 44.9 percent to 1.5 billion euros from 1.0 billion euros last year. The transaction volume processed through the Wirecard platform grew 47.5 percent to 91.0 billion euros.

Further, the company said its Management Board will propose to this year's Annual General Meeting that a dividend of 0.18 euro per share is paid to shareholders, up from 0.16 euro last year.

Looking ahead, citing the strong organic business development, Wirecard Management Board has increased the EBITDA guidance for the fiscal year 2018 to 520 million euros to 545 million euros from previous guidance of 510 million euros to 535 million euros.

For comments and feedback contact: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Walmart Inc. is expanding two-day shipping and in-store returns to millions of items sold by third-party sellers on its website, just ahead of the busy holiday shopping season. The company noted that these major improvements to its marketplace will begin to roll out in November. The free two-day shipping will be available on orders over $35. Verizon Communications Inc. (VZ) reported a profit for the third-quarter 2018 that increased 36.0 percent from last year. Total operating revenues rose 2.8 percent from last year. Both adjusted earnings per share and quarterly revenues topped analysts' expectations. It is on track to deliver against a goal to achieve $10 billion in cumulative cash savings by 2021. Shares of Groupe Renault declined around 3 percent in the morning trading in Paris after the French automaker reported weak revenues in its third quarter. Further, the company confirmed its guidance for fiscal 2018, and adjusted growth view for certain markets. Renault continues to expect increase in full-year Group revenues at constant exchange rates and perimeter.
Follow RTT