Wirecard AG: On-track growth in third quarter, bandwidth for 2012 forecast tightened

Wirecard AG / Key word(s): Quarter Results/Interim Report
14.11.2012 / 07:53

Aschheim (Munich), November 14, 2012: During the third quarter of 2012, Wirecard AG successfully continued its on-track growth. Consolidated revenues increased in the quarter under review by 20.3 percent to EUR 101.6 million (Q3 2011: EUR 84.5 million). EBITDA lifted by 23.8 percent to EUR 28.8 million compared to the same period of the previous year (EUR 23.2 million).

Consolidated revenues increased in the first nine months by 20.3 percent from EUR 232.4 million to EUR 279.5 million. Consolidated EBITDA lifted in the first nine months of 2012 by 33.4 percent from EUR 58.6 million in the previous year to EUR 78.1 million. Without the extraordinary expenses totaling EUR 5.2 million incurred in the first six months of 2011 this increase would have totaled 22.5 percent. The EBITDA margin in the first nine months of 2012 amounted to 27.9 percent. Cash flow from operating activities (adjusted) increased during the first nine months of 2012 to EUR 65.3 million (9M/2011: EUR 48.2 million).

During the first three quarters the transaction volume processed via the Wirecard platform increased by 33 percent to EUR 14.9 billion. Asia accounted for around 10 percent of this total.

Wirecard is focusing on its core competence of technical payment processing in combination with innovative bank-based services and products. In addition to the sustained positive growth of eCommerce in Europe and Asia, the new divisions also offer extraordinary opportunities for the Wirecard Group's future growth.

'We are continuing to focus on mostly organic growth, which we will supplement with smaller acquisitions on our target markets,' explained Dr. Markus Braun, Wirecard AG's CEO, and continued: 'My colleagues on the board and I are taking a positive view of the coming year thanks to our current sales pipeline.'

The Management Board has added granularity to its previous EBITDA forecast for fiscal year 2012 of EUR 103 to 115 million, to a current forecast of EUR 106 to 113 million.

The Q3/9-month report 2012 is available for downloading immediately on our web site.

Iris Stöckl 
VP Corp.Com./IR 
Tel.: +49 (0)89-4424-1424
e-Mail: iris.stoeckl@wirecard.com
ISIN DE0007472060
Reuters: WDI.GDE
Bloomberg: WDI GY

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Language: English Company: Wirecard AG Einsteinring 35 85609 Aschheim b. München Germany Phone: +49 (0)89-4424 1400 Fax: +49 (0)89-4424 1500 E-mail: ir@wirecard.com Internet: www.wirecard.com ISIN: DE0007472060 WKN: 747206 Indices: TecDAX, Prime All Share, Technology All Share Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart  
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