In the first half of 2019, consolidated revenues of Wirecard increased by 36.7 percent to EUR 1,209.8 million (H1/2018: EUR 885.2 million), according to a press release. In the second quarter, consolidated revenues increased in comparison to the previous year by 37.4 percent to EUR 643.0 million (Q2/2018: EUR 467.9 million).
The transaction volume processed via the Wirecard platform grew by 37.5 percent to EUR 77.3 billion (H1/2018: EUR 56.2 billion) in the first half of 2019.
Operating earnings before interest, tax, depreciation and amortisation (EBITDA) grew by 35.8 percent to EUR 342.1 million (H1/2018: EUR 252.0 million) in the first half of 2019 and by 35.6 percent to EUR 184.1 million in the second quarter of 2019.
Earnings after tax increased by 50.7 percent to EUR 237.5 million (H1/2018: EUR 157.6 million) in the first half of the year. This corresponds to earnings per share of EUR 1.92 (H1/2018: EUR 1.27).
The cash flow from operating activities (adjusted) amounted to EUR 284.0 million (H1/2018: EUR 196.2 million). The free cash flow increased to EUR 239.6 million (H1/2018: EUR 161.4 million).
Dr. Markus Braun, CEO, Wirecard AG, said, “In the first half year our growth accelerated, hence we are looking extremely optimistically towards the second half of 2019. Accordingly we have increased our EBITDA forecast for 2019 as well as our Vision 2020.”
The Management Board of Wirecard AG raised its forecast for the fiscal year 2019 to an EBITDA of between EUR 765 million and EUR 815 million (before: EUR 760 million and EUR 810 million).
This forecast is based on, amongst other things, the continued dynamic growth of the global e-commerce market, the trend towards digitalization in the bricks and mortar trade, the acquisition of new customers, cross-selling effects with existing customers and the continuous expansion of the value chain to include valuable additional services such as data analytics, loyalty programs and financial services including loans.
Additionally the vision 2020 has been raised. A transaction volume higher than EUR 230 billion is expected. On consolidated revenue level more than EUR 3.2 billion are expected with an unchanged corridor of the EBITDA margin and an unchanged FCF conversion.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
