Wirecard AG announced consolidated earnings results for the first quarter ended March 31, 2018. For the first quarter of 2018, the consolidated revenues for the group increased by 52.9% to EUR 420.4 million against EUR 274.9 million a year ago. Earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 38.2% to EUR 112.3 million against EUR 81.3 million a year ago. Earnings after tax were increased by 46.1% to EUR 70.8 million against EUR 48.5 million a year ago. The cash flow from operating activities (adjusted) amounted to EUR 87.4 million against EUR 64.8 million a year ago. Free cash flow increased to EUR 71.7 million against EUR 49.7 million a year ago. EBIT was EUR 88.4 million against EUR 60.15 million a year ago. Earnings before tax were EUR 83.06 million against EUR 57.04 million a year ago. Basic and diluted earnings per share were EUR 0.57 against EUR 0.39 a year ago. Adjusted EBIT was EUR 97.772 million against EUR 69.387 million a year ago. Cash flow from operating activities was EUR 28.872 million against EUR 96.568 million a year ago. Cash outflows for investments in intangible assets were EUR 29.548 million against EUR 12.159 million a year ago. Cash outflows for investments in property, plant and equipment was EUR 3.943 million against EUR 2.934 million a year ago. Operating CAPEX was EUR 15.692 million against EUR 15.093 million a year ago.

The management board expects the very good business performance to continue in both the first half of the year and the remainder of 2018. The management board confirms its forecast for the 2018 fiscal year that was made on 12 April 2018 of an EBITDA of between EUR 520 million and EUR 545 million.