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MarketScreener Homepage  >  Equities  >  Xetra  >  Wirecard AG    WDI   DE0007472060

WIRECARD AG

(WDI)
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Wirecard quarterly profit strength meets expectations

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02/14/2020 | 03:46am EST
FILE PHOTO: Wirecard CEO Markus Braun speaks at the company's 2019 annual news conference in Aschheim

Payments company Wirecard reported strong quarterly results in line with analyst expectations on Friday and reiterated guidance for core profit growth of 34% this year.

There was no update on an outside audit to address Financial Times allegations of fraud and false accounting that have dogged the Munich-based company over the past year. KPMG is due to report its findings by the end of March, Wirecard has said.

Chief Executive Markus Braun has denied the allegations, which were made in a series of investigations by FT reporter Dan McCrum and have prompted Singapore police to raid Wirecard's local offices and sparked a legal battle between Wirecard and the newspaper.

The company's shares, which have rallied by 28% since the start of the year on the absence of any negative news around the KPMG investigation, were down 1.1% in early Frankfurt trade.

Commenting on the financial update, Braun said: "This is a strong result on our path for profitable growth. Above all, it is very clear evidence of the sustained profitability of our business model."

Wirecard forecast core profit of 1 billion to 1.12 billion euros (£828.1 to £927.8 million) this year. At the mid-point, that implies growth of 34% from the 794 million euros it made in 2019.

Fourth-quarter adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) came in at 241 million euros, up 46% year on year and in line with expectations in a Refinitiv poll of analysts.

The results were preliminary and Wirecard will publish audited figures on April 8.

(Reporting by Douglas Busvine; Editing by Michelle Martin and David Goodman)

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Financials (EUR)
Sales 2019 2 738 M
EBIT 2019 655 M
Net income 2019 528 M
Finance 2019 1 132 M
Yield 2019 0,19%
P/E ratio 2019 31,6x
P/E ratio 2020 23,2x
EV / Sales2019 5,62x
EV / Sales2020 4,26x
Capitalization 16 521 M
Chart WIRECARD AG
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Technical analysis trends WIRECARD AG
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TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 191,36  €
Last Close Price 133,70  €
Spread / Highest target 103%
Spread / Average Target 43,1%
Spread / Lowest Target -10,2%
EPS Revisions
Managers
NameTitle
Markus Braun Chief Executive Officer & Chief Technology Officer
Thomas Eichelmann Chairman-Supervisory Board
Jan Marsalek Chief Operating Officer
Alexander von Knoop Chief Financial Officer
Wulf Matthias Member-Supervisory Board
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