16.10.2019 Wirecard AG  DE0007472060

DGAP-News: Wirecard AG: Statement on Financial Times article


 

DGAP-News: Wirecard AG / Key word(s): Miscellaneous
Wirecard AG: Statement on Financial Times article

16.10.2019 / 09:01
The issuer is solely responsible for the content of this announcement.


16 October 2019

Wirecard AG: Statement on Financial Times article

Aschheim (Munich). Wirecard categorically rejects the Financial Times' allegations of impropriety. Yesterday's article by the Financial Times is a compilation of a number of false and misleading allegations, which the Financial Times had raised before in a series of defamatory articles, and which were already fully refuted before.

  • All of Wirecard's more than 300,000 contracted customers are connected to Wirecard's technology platform. All revenues and associated profits therefore relate to the services provided by Wirecard's platform.
  • Wirecard's subsidiaries in Dubai, Card Systems Middle East FZ LLC and Wirecard Processing FZ LLC, employ nearly 200 staff and constitute one of Wirecard's global product and service delivery hubs, operating local data center facilities and holding contractual agreements with customers as well as various partners. Revenues generated from customers contracted via Dubai contributed nearly 32% of global revenues in FY2018.
  • As part of the audit of the consolidated financial statements of Wirecard AG the reporting of the two subsidiaries in Dubai is subject to audit procedures which are defined and performed by the group auditor Ernst & Young GmbH, Germany.
  • In FY2018, slightly more than half of Wirecard's transaction volumes were processed via financial institution licenses held by Wirecard. Slightly less than half of Wirecard's transaction volumes (especially in regions such as North- and South America, the Middle East, Africa and Asia where Wirecard usually does not hold its own licenses) were processed in the backend via Wirecard's network of over 100 third-party financial institutions and payment acceptance service providers. The single largest of such partners contributed backend services for around 12% of Wirecard's transaction volumes in FY2018.
  • Al Alam is one of multiple such independent partners Wirecard is working with in the United Arab Emirates. It is a mid-size payment technology and services company, providing access to a multitude of payment methods. Wirecard relies on such partners for the processing of transactions requiring particular payment methods or the involvement of locally licensed financial institutions.
  • Wirecard acts as a platform integrating the services of the various partners involved in the payment value chain. Often those service providers are active in the background. This approach is a standard industry practice.
  • The 34 company names mentioned by the Financial Times refer to labels of customer clusters created for reporting and reconciliation purposes, each containing hundreds of individual genuine merchants. The conclusions drawn by the Financial Times are therefore not correct.
  • Wirecard's group auditor Ernst & Young GmbH, Germany, confirmed that they have complied and will comply with all statutory and professional audit standards.

Wirecard contact:

Wirecard AG
Iris Stoeckl
VP Investor Relations/ Corporate Communications
Tel.: +49 (0) 89-4424-1424
E-Mail: iris.stoeckl@wirecard.com
http://www.wirecard.com
ISIN DE0007472060
Reuters: WDI.GDE
Bloomberg: WDI GY

About Wirecard:

Wirecard (GER:WDI) is one of the world's fastest growing digital platforms in the area of financial commerce. We provide both business customers and consumers with a constantly expanding ecosystem of real-time value-added services built around innovative digital payments by using an integrated B2B2C approach. This ecosystem concentrates on the areas payment & risk, retail & transaction banking, loyalty & couponing, data analytics & conversion rate enhancement in all sales channels (online, mobile, ePOS). Wirecard operates regulated financial institutions in several key markets and holds issuing and acquiring licenses from all major payment and card networks. Wirecard AG is listed on the Frankfurt Stock Exchange (DAX and TecDAX, ISIN DE0007472060). Visit us on www.wirecard.com, follow us on Twitter @wirecard and on Facebook @wirecardgroup.



16.10.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Wirecard AG
Einsteinring 35
85609 Aschheim b. München
Germany
Phone: +49 (0)89-4424 1400
Fax: +49 (0)89-4424 1500
E-mail: ir@wirecard.com
Internet: www.wirecard.com
ISIN: DE0007472060
WKN: 747206
Indices: DAX, TecDAX, Prime All Share, Technology All Share
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 890859

 
End of News DGAP News Service

890859  16.10.2019 

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Die wichtigsten Finanzdaten auf einen Blick
  2012 2013 2014 2015 2016 2017 2018 2019e
Umsatzerlöse1 394,60 481,74 601,03 771,34 1.028,36 1.488,60 2.016,20 2.490,00
EBITDA1,2 109,23 125,96 172,94 227,32 307,36 410,30 560,50 807,00
EBITDA-Marge3 27,68 26,15 28,77 29,47 29,89 27,56 27,80 32,41
EBIT1,4 93,58 98,55 132,86 172,84 235,19 311,50 438,50 648,00
EBIT-Marge5 23,72 20,46 22,11 22,41 22,87 20,93 21,75 26,02
Jahresüberschuss1 73,30 82,73 107,93 142,65 266,75 256,10 347,40 452,00
Netto-Marge6 18,58 17,17 17,96 18,49 25,94 17,20 17,23 18,15
Cashflow1,7 94,90 107,45 143,99 207,83 266,50 563,50 749,60 0,00
Ergebnis je Aktie8 0,66 0,74 0,89 1.16 2,16 2,10 2,81 4,30
Dividende8 0,11 0,12 0,13 0,14 0,16 0,18 0,20 0,24
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2018 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Ernst & Young

INVESTOR-INFORMATIONEN
©boersengefluester.de
WireCard
WKN Kurs in € Einschätzung Börsenwert in Mio. €
747206 117,250 Kaufen 14.488,06
KGV 2020e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
23,73 32,58 0,751 75,24
KBV KCV KUV EV/EBITDA
6,33 19,33 7,19 24,316
Dividende '18 in € Dividende '19e in € Div.-Rendite '18
in %
Hauptversammlung
0,20 0,24 0,17 02.07.2020
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
08.05.2019 07.08.2019 06.11.2019 08.04.2020
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-12,70% -12,32% -11,71% -11,01%
    
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FinTech , 747206 , WDI , XETR:WDI