Wirecard: adjusted EBITDA up 42% in 2019

(CercleFinance.com) - The Wirecard share is down 1% in Frankfurt on Friday morning, after the payment solutions provider announced FY 2019 adjusted EBITDA that is up 42% at 794 million euros, with revenues that are up 38% at 2.
8 billion euros.

"Digital payment transactions have already overtaken cash payments in some countries. Our structural growth drivers reveal considerable potential and are therefore also an outlook for Wirecard's future," said CEO Markus Braun.

The German company also expects to announce a strong cash flow in 2019. For the current year, its board of directors confirms expected EBITDA of 1-1.12 billion euros.


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