- Transaction volume in Q1/18 increased by 55.7 percent
- Consolidated revenues increased by 52.9 percent
- EBITDA increased by 38.2 percent
- Net result increased by 46.1 percent
- EBITDA 2018 guidance confirmed
Wirecard AG was able to report strong growth in the first quarter of the 2018 fiscal year.
Transaction volumes processed through the Wirecard platform grew in the first quarter of 2018 by 55.7 percent to EUR 26.7 billion (Q1/2017: EUR 17.2 billion).
In the first quarter of 2018, consolidated revenues for the Group increased by 52.9 percent to EUR 420.4 million (Q1/2017: EUR 274.9 million). Earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 38.2 percent to EUR 112.3 million (Q1/2017: EUR 81.3 million).
In the reporting period, earnings after tax increased by 46.1 percent to EUR 70.8 million (Q1/2017: EUR 48.5 million). The cash flow from operating activities (adjusted) amounted to EUR 87.4 million (Q1/2017: EUR 64.8 million). Free cash flow increased to EUR 71.7 million (Q1/2017: EUR 49.7 million).
Wirecard CEO Dr. Markus Braun commented: "Digitalisation is only at the very beginning in many sectors and is gathering pace around the world. As a leader for innovation in the digitalisation of payment processes, Wirecard AG has taken up an ideal competitive position to benefit from this global trend towards digitalisation."
The Management Board expects the very good business performance to continue in both the first half of the year and the remainder of 2018. The Management Board confirms its forecast for the 2018 fiscal year that was made on 12 April 2018 of an EBITDA of between EUR 520 million and EUR 545 million.
Wirecard (GER:WDI) is one of the world’s fastest growing digital platforms in the area of financial commerce. We provide both business customers and consumers with a constantly expanding ecosystem of real-time value-added services built around innovative digital payments by using an integrated B2B2C approach. This ecosystem concentrates on the areas payment & risk, retail & transaction banking, loyalty & couponing, data analytics & conversion rate enhancement in all sales channels (online, mobile, ePOS). Wirecard operates regulated financial institutions in several key markets, holds issuing and acquiring licenses from all major payment and card networks. Wirecard AG is listed on the Frankfurt Stock Exchange (TecDAX, ISIN DE0007472060). Visit us on www.wirecard.com, follow us on Twitter @wirecard and on Facebook @wirecardgroup.
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