Wirecard AG: Preliminary results for the year 2012, EBITDA Guidance 2013

Wirecard AG / Key word(s): Preliminary Results/Forecast
30.01.2013 18:26

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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 12 percent.

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 added services.

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 million.
All results are preliminary. The Annual Report 2012 will be published on April 17, 2013.

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
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  
End of Announcement DGAP News-Service  


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