Wirecard posted first quarter revenue of EUR 159.4 million, up 26% year-on-year (YOY). Transaction volumes processed through the platform increased by 30% to EUR 9.5 billion.
In the first quarter, earnings before interest, tax, depreciation and amortization (EBITDA) increased by 31% to EUR 46.0 million (Q1/2014: EUR 35.0 million). Earnings after taxes increased by 35% and amounted to EUR 28.6 million (Q1/2014: EUR 21.1 million). Earnings per share increased by 28% from EUR 0.18 to EUR 0.23.
The cash flow from operating activities (adjusted) increased by 85% in comparison to the same quarter of the previous year to EUR 46.2 million (Q1/2014: EUR 25.0 million).
In comparison to the same period of the previous year, transaction volumes processed through the platform increased by 30% to EUR 9.5 billion (Q1/2014: EUR 7.3 billion).
As companies outside of the Asian region were consolidated for the first time in New Zealand and South Africa in 2014, Wirecard will report the share of the transaction volume outside of Europe in the future. In the first quarter of 2015, this share of the overall transaction volume was 24.2% at EUR 2.3 billion.
Continued dynamic growth of the e-commerce market, the continuous acquisition of new customers and the innovative strength of Wirecard were factors influencing the positive growth of the core business in the first quarter of 2015, which comprises global payment processing, risk management and payment acceptance in combination with service solutions and banking services.
As a result of the integration of Internet technologies into all sales channels, whether online, mobile or at the point-of-sale, there has been an increasingly strong changeover to real time payment solutions. Wirecard is pushing forward this development with its innovations in all areas of payment processing and card issuing. Wirecard benefits disproportionately from this development thanks to its many years of experience as a supplier of Internet technology.
The Management Board of Wirecard is optimistic about the company’s business performance this year and confirms its expectations for 2015 of achieving an EBITDA of between EUR 210 million and EUR 230 million. The Q1 Report 2015 is available for download on our website with immediate effect.
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