Wirecard AG: Preliminary results for the year 2012, EBITDA Guidance 2013
Wirecard AG / Key word(s): Preliminary Results/Forecast
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Munich (Aschheim). Wirecard AG continued its on-track growth in 2012. Both
the volume of transactions processed and also revenues and income increased
substantially, underscoring the positive growth in the company's business.
In the last fiscal year the transaction volume increased by 34 percent to
EUR 20.8 billion (2011: EUR 15.5 billion).
According to preliminary figures consolidated revenues were up by 21
percent to reach EUR 394.1 million (2011: EUR 324.8 million). EBITDA
increased by 30 percent from EUR 84.4 million to EUR 109.4 million.
In the fourth quarter of 2012 preliminary Group revenues came to EUR 114.6
million (Q4/2011: EUR 92.4 million), up by 24 percent. Earnings before
interest, taxes, depreciation and amortization (EBITDA) in Q4/2012 rose by
21 percent to EUR 31.3 million (Q4/2011: EUR 25.8 million)
In the core business of electronic payment processing and acquiring,
continued strong growth in the eCommerce market in Europe and Asia can be
expected in the current fiscal year 2013. Leading market research
institutes are forecasting the European eCommerce market to grow by 11 to
As a result of the substantial market potential and the extraordinarily
good order book in the Mobile Payment division, management has decided to
not only invest in ongoing software development in the company's core
business, but also in mobile payments. This capital expenditure is for the
expansion of the existing mobile payment platform. As a result, for
example, innovative functions will be added to the white label solution for
mobile wallets, which will support the increasing convergence between
online, mobile, and bricks-and-mortar retail.
The funds are used, in particular, to accelerate further developments of
the integrated ecosystem such as applications for mobile payment
acceptance, mobile money transfers, and the technical provision of loyalty
and couponing programs integrated in the mobile payment process.
Around EUR 25 million will be invested in these projects this year, and
EUR 10 million to EUR 15 million of this total will be recognized as an
expense in fiscal year 2013. These investments aim to further expand
Wirecard's leading position in mobile payment products and related value
Taking these expenses into account, Wirecard AG's Management Board is
forecasting for the fiscal year 2013 EBITDA of between EUR 120 to EUR 130
All results are preliminary. The Annual Report 2012 will be published on
April 17, 2013.
Tel.: +49 (0)89-4424-1424
Bloomberg: WDI GY
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Company: Wirecard AG
85609 Aschheim b. München
Phone: +49 (0)89-4424 1400
Fax: +49 (0)89-4424 1500
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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