Wirecard AG reported consolidated earnings results for the third quarter and nine months ended September 30, 2018. In the third quarter of 2018, consolidated group revenues increased by 34.8% to EUR 547.1 million compared to EUR 405.9 million last year. EBITDA increased by 36.3% to EUR 150.1 million against of EUR 110.1 million for the same period a year ago.

For the nine months, the company's earnings after tax (adjusted) increased by 48.5% to EUR 250.2 million. The cash flow from operating activities (adjusted) amounted to EUR 310.1 million after nine months. Consolidated revenues increased by 41.4% to EUR 1.4 billion against of EUR 1.0 billion for the same period a year ago. Operating earnings before interest, tax, depreciation and amortization (EBITDA) had increased by 38.0% to EUR 395.4 million against of EUR 286.6 million for the same period a year ago.

In view of the strong business performance, the Management Board has increased its EBITDA forecast for the 2018 fiscal year to between EUR 550 million and EUR 570 million as compared to between EUR 530 million to EUR 560 million in previous guidance.