Wirecard 4Q Revenue, Adjusted Ebitda Rose
14 Februar 2020 - 8:16AM
Dow Jones News
By Mauro Orru
Wirecard AG said Friday that its revenue and adjusted earnings
before interest, tax, depreciation and amortization rose in the
fourth quarter of 2019.
The German payments company reported revenue for the fourth
quarter of 835 million euros ($906.8 million), up from EUR571
million for the same quarter the previous year.
Analysts were expecting quarterly revenue of roughly EUR776
million, according to FactSet.
Revenue for the full year rose to EUR2.8 billion from EUR2
billion the previous year.
Wirecard said adjusted Ebitda for the fourth quarter rose 42% to
EUR794 million, while Ebitda for the full year increased to EUR785
million from EUR561 million the previous year.
The company said it continues to expect Ebitda of between EUR1
billion and EUR1.12 billion for 2020.
"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," said Chief Financial
Officer Alexander von Knoop.
The company will publish its full 2019 results on April 8.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
February 14, 2020 02:01 ET (07:01 GMT)
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