Wirecard's revenue surges 36.7% to €731M in Q3

Wednesday, 06. November 2019 08:03

Wirecard AG posted revenue of €731.5 million in the third quarter of 2019, marking a rise of 36.7% year-on-year and beating the estimates. Diluted earnings per share stood at €1.21 in the same period, increasing 57% on an annual basis.

The German company reported a gross profit of €354.2 million that jumped 40.4% year-over-year while earnings after tax grew 44.2% to reach €168.4 million. Earnings before interest and tax also went up in the third quarter, soaring 42.7% to €211.1 million. The financial services company said in its next year fiscal guidance that it put earnings before interest and tax between €1 and €1.12 billion.

"We are delighted to be able to forecast strong growth in the fourth quarter and the coming fiscal year for our shareholders. Alongside strong organic growth, we are opening up one of the largest growth markets with our entry into the Chinese market," Wirecard's chief executive officer Markus Braun said.

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Breaking the News / GA