GRASBRUNN, Germany, August 20 /PRNewswire/ -- In the second quarter and first half of 2008, Wirecard AG once again succeeded in recording a sustained level of growth in its operations.
Consolidated sales revenues were up by 59 percent in the second quarter of 2008, from EUR 29.9 million to EUR 47.4 million. Earnings before interest and taxes (EBIT) improved by 67 percent on the previous-year quarter, from 7.3 million to 12.2 million euros.
In the first six months of the financial year, Group sales revenues were up by 56 percent year-on-year, to 88.3 million euros, with earnings before interest and taxes (EBIT) increasing by 67 percent, to 22.2 million euros. The EBIT margin in the period under review amounted to 25.1 percent, up from 23.5 percent recorded a year earlier.
Consolidated after-tax earnings increased from 9.6 million euros by 96 percent, to 18.8 million euros. Earnings per share rose from EUR 0.12 to EUR 0.23.
All market trends of relevance to our further positive business development, ranging from outsourcing efforts on the part of companies all the way to relocating consumption from the offline to the online community, have proved to be stable. Accordingly, Wirecard AG does not expect a trend reversal, even if the general economic situation should change.
Dr. Markus Braun, CEO of Wirecard AG: "We expect the positive trend in our operating business to continue in the second half of the year."
As a result, the Board of Management has decided to raise its EBIT forecast from more than 45 percent to a range of 45 to 60 percent for fiscal 2008.
The half-year and quarterly reports for 2008 are available in PDF format for download with immediate effect from our website http://ir.wirecard.com under the heading "Financial reports".
Wirecard Media Contact:
About Wirecard AG:
Wirecard AG is one of the leading international providers of electronic payment and risk management solutions. Worldwide, Wirecard supports over 9,000 companies from many and various industry segments in automating their payment processes and minimizing cases of default. Wirecard Bank AG provides account and credit card services both for business and private customers and is a Principal Member of VISA, MasterCard and JCB. The Internet payment service Wirecard enables consumers to make secure payments at millions of MasterCard acceptance outlets worldwide. In addition, registered users can send or receive money orders to each other on a real-time basis. Wirecard AG is listed on the Frankfurt Securities Exchange (TecDAX, ISIN DE0007472060, WDI).
Wirecard AG Iris Stöckl Bretonischer Ring 4 D-85630 Grasbrunn / Munich Germany Ph: +49(0)89-4424-0424 Fax: +49(0)89-4424-0524 e-mail: iris.stoeckl@wirecard.com Internet: http://www.wirecard.com
Wirecard AG, Iris Stöckl, Bretonischer Ring 4, D-85630 Grasbrunn / Munich, Germany, Ph: +49(0)89-4424-0424, Fax: +49(0)89-4424-0524, e-mail: iris.stoeckl@wirecard.com
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