Wirecard AG: Preliminary result Q1 2020(PresseBox) ( Aschheim, )
According to preliminary figures, consolidated revenues increased by around 24 percent to EUR 700.2 million (Q1/2019: EUR 566.7 million). Preliminary earnings before interest, taxes, depreciation and amortization (EBITDA) rose by around 26 percent to EUR 199.2 million in the first quarter of 2020 (Q1/2019: EUR 158.0 million). Adjusted by one-off expenses EBITDA would be up by 29 percent to around EUR 204.0 million (+ EUR 4.8 million).
For the fiscal year 2020, the Management Board confirms its forecast of achieving earnings before interest, taxes, depreciation and amortisation (EBITDA) in a range of EUR 1.0 billion to EUR 1.12 billion.
CFO Alexander von Knoop says: "We have made a good start to the new financial year. However, the Covid-19 effects had a negative impact on our Airline/travel business. We were able to largely offset these effects by growth in our online business in the consumer and digital goods sectors. Our new customer business continues to develop strongly."
All results are preliminary. The interim statement for the first quarter of 2020 will be published on June