logo
Plus   Neg
Share
Email

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.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Alphabet's subsidiary Loon LLC has secured its first commercial deal - to deliver 4G internet access to remote areas of Kenya using high-altitude balloons. Loon will partner with Telkom Kenya to deliver connectivity to parts of Kenya. Telkom Kenya announced Thursday that it has signed a definitive agreement with Loon to pilot a new 4G/LTE access network service in Kenya. The Cow Calendar era is coming to an end. Chick-fil-A said it is axing one of its well-loved products, the Cow Calendar. The 2018 Cow Calendar will be the chicken chain's last calendar. Chick-fil-A first launched the Cow Calendar in 1998 that featured cows as a new tool to convince people to eat more chicken. The calendars were popular not just for the pictures of funny Chick-fil-A cows. Japanese telecom giant Nippon Telegraph and Telephone or NTT has filed a patent for a blockchain technology-based new contract agreement method. NTT, the world's fourth-largest telecom provider, explains the ways to use the application to store contracts without tampering documents.
Follow RTT