Wirecard’s quarterly figures have just been published. Please note: According to Wirecard, these figures are preliminary. The final figures will not be published until June 16! Here are the most important key data. (By the way… Wirecard keeps its financial data and other statements extremely short – only a few sentences, nothing more).
Revenue amounted to EUR 700.2 million (prior-year quarter: EUR 566.7 million).
Earnings (before interest, taxes, depreciation and amortization/EBITDA) amounted to 199.2 million Euros (same quarter of the previous year 158). Adjusted for non-recurring expenses, EBITDA would have been around 204.0 million Euros (+4.8 million Euros) according to the company’s current statement, which would correspond to an increase of 29 percent.
The Wirecard share is currently trading at -1.6 percent before official trading. Given the volatility that is always possible in this share, this does not necessarily mean anything for today’s trading performance!
Further current statements by Wirecard in wording:
For the 2020 financial year, the Management Board confirms its forecast to achieve earnings before interest, taxes, depreciation and amortisation (EBITDA) in a range of EUR 1.0 billion to EUR 1.12 billion.
CFO Alexander von Knoop says: “We have made a good start to the new fiscal year. However, the Covid-19 impact had a negative effect on our Airline/Travel business. We were able to largely offset these effects by growth in our online business in the consumer and digital goods segments. Our new customer business continues to develop strongly.”
Yesterday we reported on the first test suit against Wirecard by a law firm (more information here). In the quarterly figures, the catastrophe for Wirecard has not occurred. The company has a functioning and promising business model in this crisis. Online payment simply has a future.