Wirecard 1Q Earnings, Revenue Increased
14 Mai 2020 - 8:17AM
Dow Jones News
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 mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
May 14, 2020 02:02 ET (06:02 GMT)
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