Wirecard publishes preliminary quarterly figures

Wirecard has just published its preliminary quarterly figures. Here are the most important key facts (Wirecard will not publish its audited consolidated financial statements for 2019 until April 8th).

Sales amounted to 835 million Euros (571 in the same quarter of the previous year).

The operating profit (EBITDA) is 232 million Euros (same quarter last year 165).

The share is quoted pre-market at -0.5%.

Here are the headline statements of the Wirecard management:

Dr. Markus Braun, CEO Wirecard AG: “This is a strong result on our path of profitable growth. Above all, it is very clear evidence of the sustained profitability of our business model. Digital payment transactions have already overtaken cash payments in some countries. Our structural growth drivers reveal considerable potential and are thus also an outlook for Wirecard’s future”.

Alexander von Knoop, CFO Wirecard AG: “Wirecard’s financial performance seamlessly continues the good results of previous years. Targeted investments with a constant focus on active cost management have again resulted in outstanding EBITDA in 2019. In addition, we expect a strong cash flow”.

About the prospects:

For the current fiscal year 2020, the Management Board confirms its outlook and expects earnings before interest, taxes, depreciation and amortization (EBITDA) in a range of EUR 1.0 billion to EUR 1.12 billion.

Wirecard Zentrale in München
Company headquarters in Munich. Photo: Kaethe17 CC BY-SA 4.0 – Detail from original photo
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