logo
Plus   Neg
Share
Email

Wirecard Q1 Profit Up 46.1%; Affirms FY18 Outlook - Quick Facts

Wirecard AG (WRCDF.PK), a German provider of electronic payment and risk management applications, reported that its first-quarter earnings after tax increased by 46.1 percent to 70.8 million euros from 48.5 million euros in the prior-year quarter.

Earnings before interest, tax, depreciation and amortization or EBITDA increased 38.2 percent to 112.3 million euros from 81.3 million euros in the year-ago period.

Consolidated revenues for the quarter grew 52.9 percent to 420.4 million euros from 274.9 million euros in the prior-year quarter.

Transaction volumes processed through the Wirecard platform grew by 55.7 percent to 26.7 billion euros from 17.2 billion euros last year.

Looking ahead, the Management Board of Wirecard confirmed its forecast for 2018 EBITDA of between 520 million euros and 545 million euros.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Shortly after announcing a racial bias training for the staff, Starbucks revealed its changed policy of allowing anyone to use its spaces, rest rooms, cafes and patios even without buying anything from the stores. The new policy will be consistent all across U.S. stores. Tesla Inc.'s CEO Elon Musk has revealed new specifications and options for its Model 3 electric car, including a high-end version of the sedan that will cost around $78,000. In a series of posts on Twitter Saturday night, Musk said that the Model 3 will be available in two versions, with dual motors and all-wheel drive in July. Musk also made an announcement regarding a new service program. Billionaire entrepreneur Elon Musk on Thursday showed off his concept for the Loop, a high-speed underground public transportation system that will carry up to 16 people and travel at 150 miles per hour. At the Boring Company Information Session, Musk and project leader Steve Davis provided details of the underground mass transit tunnels that the Boring Co. plans to build beneath Los Angeles.
Follow RTT