Half-Year Financial Report 2019 - Wirecard AG: continued strong growth

Aschheim (Munich) (ots) -

- Consolidated revenues increased by 36.7 percent
- EBITDA increased by 35.8 percent
- Earnings after tax + 50.7 percent
- Free cash flow + 48.5 percent
- EBITDA 2019 guidance increased
- Vision 2020 increased

Wirecard AG remains on its strong growth path following the end of
the first half of 2019. In the first half of 2019*, consolidated
revenues increased by 36.7 percent to EUR 1,209.8 million (H1/2018:
EUR 885.2 million). 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 optimistic
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
digitalisation 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.

The six-monthly financial report as of 30 June 2019 is available
on the company's website at: http://ir.wirecard.com/financialreports

* Some of the amounts disclosed for 2018 differ from the figures
in the Interim Report as of 30 June 2018 due to adjustments made in
accordance with IAS 8.

About Wirecard:

Wirecard (GER:WDI) is one of the world's fastest growing digital
platforms in the area of financial commerce. We offer both business
customers and also consumers a constantly growing ecosystem of
real-time value added services in the area of innovative digital
payment processing via an integrated B2B2C approach. This ecosystem
focuses on solutions from the areas of Payment & Risk, Retail &
Transaction Banking, Loyalty & Couponing, Data Analytics & Conversion
Rate Enhancement across all sales channels (online, mobile, ePOS).
Wirecard operates regulated financial institutions in multiple key
markets and holds licences for all important payment and card
networks. Wirecard AG is listed on the Frankfurt Stock Exchange (DAX
and TecDAX, ISIN DE0007472060). Visit us at www.wirecard.de, follow
us on Twitter @wirecard and on Facebook @wirecardgroup.

Wirecard contact:
Wirecard AG
Iris Stöckl
VP Corp. Comm./IR
Tel.: +49 (0) 89-4424-1424
E-mail: iris.stoeckl@wirecard.com
http://www.wirecard.de
ISIN DE0007472060
Reuters: WDI.GDE
Bloomberg: WDI GY

Original-Content von: Wirecard AG, übermittelt durch news aktuell