Plus   Neg

Wirecard Q1 Profit Climbs; Lifts FY19 BITDA Guidance - Quick Facts

Wirecard AG (WRCDF.PK), a German provider of electronic payment and risk management applications, reported Wednesday that its first-quarter earnings after tax increased 50 percent to 106.3 million euros from last year's 70.8 million euros. Earnings per share amounted to 0.86 euro, compared to 0.57 euro last year.

Earnings before interest, tax, depreciation and amortisation or EBITDA climbed 40.7 percent to 158.0 million euros from 112.3 million euros a year ago.

In the first quarter, consolidated revenues increased 34.8 percent to 566.7 million euros from prior year's 420.5 million euros.

Transaction volumes processed through the Wirecard platform grew 37.4 percent to 36.7 billion euros from 26.7 billion euros last year.

Further, the company raised its fiscal 2019 BITDA guidance, and now expects between 760 million euros and 810 million euros, compared to previous view of 740 million euros and 800 million euros.

Markus Braun, CEO Wirecard AG, said, "The convergence of digital payment with innovative value-added services in the field of financial services and data-driven services on one platform will drive the formation of one of the world's largest growth markets."

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. Department of Justice has reached a settlement agreement with a Texas-based Taco Bell franchise owner for immigration-related discrimination against certain employees. The settlement resolves the DOJ's investigation into whether MUY Brands LLC, and a related management company, MUY Consulting Inc., violated the Immigration and Nationality Act. Starbucks is gearing up for the upcoming holiday season by introducing its 2019 holiday flavors in U.S. grocery stores. The launch of the coffee giant's holiday line-up this year includes returning holiday favorites as well as a new item. Customers can now take home products that are making a comeback such as Starbucks Holiday Blend K-Cup and Ground Coffee, Peppermint Mocha Flavored Ground Coffee, Peekay International issued a recall of 7 ounce and 14 ounce packs containing Keshav Dry Apricot food treats as they contain undeclared allergens such as sulfites, according to a statement published by The U.S. Food and Drug Administration. Consumption of the product by those allergic or having severe sensitivity to sulfites could run the risk of serious or life-threatening allergic reactions.
Follow RTT