Wirecard Unveils 33% Revenue Growth

Wirecard Unveils 33% Revenue Growth
06.04.2017 12:30 pm

Wirecard Unveils 33% Revenue Growth


Wirecard has successfully promoted the digitalisation of payment processes through Internet technology on a global scale and achieved its growth targets for 2016 as a result. 

Group revenues increased by 33.3 percent to EUR 1,028.4 million (2015: EUR 771.3 million). The transaction volume processed through the Wirecard platform grew by 36.5 percent to EUR 61.7 billion (PY: EUR 45.2 billion). A transaction volume of EUR 19.6 billion was generated outside Europe (PY: EUR 11.2 billion), which represented a share of 31.8 percent (PY: 24.8 percent) of the total volume. 

Earnings before interest, tax, depreciation and amortisation (EBITDA) increased in 2016 compared to the previous year by 35.2 percent to EUR 307.4 million (PY: EUR 227.3 million). In the 2016 fiscal year, the EBITDA margin increased to 29.9 percent. The cash flow from operating activities (adjusted) amounted to EUR 283.0 million (2015: EUR 199.7 million).

In the 2016 fiscal year, earnings after tax increased by 87.0 percent to EUR 266.7 million (PY: EUR 142.6 million). Adjusted for the income from the sale of shares in Visa Europe to Vis Inc., earnings after tax amounted to EUR 176.7 million. Earnings per share increased by 86.0 percent to EUR 2.16 (PY: EUR 1.16). Adjusted for the special effect from the sale of Visa Europe, earnings per share stood at EUR 1.43. The Management Board will propose to this year's Annual General Meeting that a dividend of EUR 0.16 per share (PY: EUR 0.14) is paid to shareholders.

Internet technologies are increasingly driving the convergence of all sales channels. As a leader for innovation in the digitalisation of payment processes and card products, Wirecard AG has taken up a leading competitive position to benefit from this trend.

Wirecard CEO Markus Braun commented: “Alongside the continuously strong growth of e-commerce, we identify additional stimulus for growth in the area of omnichannel solutions and connected commerce due to the advancing digitalisation of bricks-and-mortar retailing. We want to support companies to benefit from integrated and digitalised payment solutions and value added services.”

Related News

Razorpay Launches Payment Buttons for SMEs - Now Integrate Payment Gateway in less than 5mins, No Developer Support Needed

Empowering Startups to accept payments on their own website,... Read more »

Younger Generations Drive UK Alternative Payment Method Adoption for Online Transactions

As the migration away from traditional payment methods in the UK accelerates, younger generations are leading the adoption of alternative payment methods (APMs) such as bank... Read more »

Sokin Links Into Currencycloud to Strengthen Its Global Payments Network

Sokin, the new generation fintech payment firm, has announced it will be integrating Currencycloud’s local payment rails as part of it’s easy... Read more »

One in three UK consumers in favour of increasing contactless spending limit

One in three UK consumers (32 percent) would like to see a further increase of the current £45 contactless spending limit, according to a YouGov survey of more than 2,000 UK... Read more »

VibePay sets sights on growth with integration of more UK banks and new business accounts

VibePay is continuing on its ambitious path of growth, with the integration of more UK banks and payment providers via open banking, and a business account... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel