13.08.2014

Wirecard AG presents positive results for the first half of 2014


DGAP-News: Wirecard AG / Key word(s): Half Year Results/Quarter Results

13.08.2014 / 07:35

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-Consolidated revenues up by 24.4 percent at the end of six months -EBITDA increase of 33.3 percent in 1H2014 
-EBITDA guidance 2014 specified to the EBITDA range of EUR 163 to 170 million

Wirecard AG presents positive results for the first half of the year on the back of good performance in the second quarter of 2014.
In the first half of 2014, consolidated revenues increased by 24.4 percent, from EUR 216.1 million to EUR 268.8 million. In the second quarter of 2014, consolidated revenues climbed by 23.9 percent to EUR 142.6 million (Q2/2013: EUR 115.1 million).
In the first six months of 2014, the Group's EBITDA grew by 33.3 percent to EUR 75.0 million, up from the prior-year figure of EUR 56.2 million. EBITDA climbed by 33.4 to EUR 39.9 million in the second quarter (Q2/2013: EUR 29.9 million).
The cash flow from operating activities (adjusted) stood at EUR 56.7 million at the end of the reporting period.
The transaction volume processed via the Wirecard platform rose by some 28 percent to EUR 15.5 billion in the first half of 2014. The share generated in Asia of 20 percent in the volume amounted to EUR 3.1 billion.
High-volume agreements with new customers in the core business were signed in all industries and sectors. In addition, collaboration with numerous existing customers was expanded.

Moreover, progress was made in the development and launching of innovative products and solutions in Mobile Payment, mPOS and Couponing & Loyalty that allow providers to offer secure payments through mobile devices, which provides users with a constantly growing range of value added services. An innovative, future-oriented concept for the Internet-based point-of-sale infrastructure has recently also been presented in "Wirecard ePOS".
In view of the successful first half of 2014, the Management Board anticipates that business will develop strongly in the second half of the year, as well as in the year as a whole.

Dr. Markus Braun, Chief Executive Officer of Wirecard AG stated: "Based on Internet technologies, the Wirecard Group is concentrating on combining innovative payment software solutions with financial services and of promoting these solutions through all sales channels, whether online, mobile or point-of-sale."

Wirecard AG's Management Board has revised its former EBITDA guidance for the fiscal year 2014 by replacing the EBITDA range of EUR 160 to 175 million by the range of between EUR 163 and 175 million.
Download Q2 Report 2014: ir.wirecard.com/financialreports
Contact:
Iris Stöckl 
VP Corp.Com./IR 
Tel.: +49 (0)89-4424-1424
e-Mail: iris.stoeckl@wirecard.com
http://www.wirecard.com
ISIN DE0007472060
Reuters: WDI.GDE
Bloomberg: WDI GY

About Wirecard: 
Wirecard AG is one of the world's leading independent providers of outsourcing and white label solutions for electronic payment transactions. The Wirecard Group has been supporting companies in accepting electronic payments from all sales channels. A global multi-channel platform bundles international payment acceptances and methods, supplemented by fraud prevention solutions. When it comes to issuing their own payment instruments in the form of cards or mobile payment solutions, Wirecard provides companies with an end-to-end infrastructure, including the requisite licenses for card and account products.
Wirecard AG is listed on the Frankfurt Securities Exchange (TecDAX, ISIN DE0007472060, WDI).
www.wirecard.com | www.wirecardbank.com | www.mywirecard.com


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13.08.2014 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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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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