By Mauro Orru 

Wirecard AG said Thursday that its earnings before interest, taxes, depreciation, and amortization as well as revenue for the first quarter of 2020 rose year-on-year, according to preliminary figures, as growth in its online business in the consumer and digital goods sectors offset the negative coronavirus impact on its airline and travel business.

The German digital-payment services company said quarterly Ebitda rose to 199.2 million euros ($215.9 million) from EUR158 million in the first quarter of 2019.

Analysts were expecting Ebitda of EUR200.5 million, according to FactSet.

Revenue for the period climbed to EUR700.2 million from EUR566.7 million, slightly shy of estimates of EUR702.5 million from analysts polled by FactSet.

The company said it continues to expect 2020 Ebitda in a range of EUR1 billion and EUR1.12 billion.

However, Wirecard said it isn't yet in a position to assess the potential coronavirus impact for the second quarter.


Write to Mauro Orru at; @MauroOrru94


(END) Dow Jones Newswires

May 14, 2020 02:02 ET (06:02 GMT)

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