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Wirecard FY13 Profit Up

Wirecard AG (WRCDF.PK) a provider of outsourcing and white label solutions for electronic payment transactions, Wednesday reported higher earnings for the full year 2013, reflecting growth in revenues.

The company's full year earnings before interest, tax, depreciation and amortisation or EBITDA was up by 15.3 percent to 126.0 million euros. Adjusted by investments in the mobile payment area, EBITDA grew by 24.4 percent.

Annual revenues rose year-on-year, by 22.1 percent to 481.7 million euros.


With a contribution of 16.8 percent from the Asian segment,transaction volumes processed over the Wirecard platform was up by 28.4 percent, to 26.7 billion euros from 20.8 billion euros in 2012.

In addition, the company proposed a dividend of 0.12 euros per share, to be paid out of earnings per share that increased to 0.74 euros.

Looking ahead, the company expects operating earnings before interest, tax, depreciation and amortisation or EBITDA to lie between 160 million euros and 175 million euros for fiscal 2014.

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