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.

For comments and feedback contact: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Consumer goods giant Procter & Gamble Co. on Wednesday reported a 28 percent increase in profit for the second quarter from last year, when results were impacted by a charge related to the U.S. tax reform. Both revenue and core earnings per share for the quarter beat analysts' estimates. Looking ahead, the company affirmed its outlook for fiscal 2019 earnings. LSEG Technology, London Stock Exchange Group's technology solutions provider, said it has been selected by Atom Group, a fintech company focused on blockchain technology and emerging digital assets, to power its new Hong Kong-based digital asset exchange AAX. The new digital exchange, which is expected to launch in the first half of fiscal 2019, will use LSEG's Millennium Exchange matching engine. Starbucks Coffee Co. said Tuesday it is expanding its "Starbucks Delivers" pilot to an additional six cities across the U.S. The expansion of the delivery service, in partnership with Uber Eats, begins today in San Francisco, the first of six new markets to offer the service to customers. The coffee giant plans to bring Starbucks Delivers to nearly one-quarter of U.S. company-operated stores.
Follow RTT