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Payments firm Wirecard confirms profit target for 2019 after SoftBank deal [CNBC]
Last comcast corporation - class a earnings: 4/30 07:00 am
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Payments firm Wirecard confirms profit target for 2019 after SoftBank deal Michaela Handrek-Rehle | Bloomberg | Getty Images An illuminated logo sits on the exterior of Wirecard's headquarters in the Aschheim district of Munich, Germany. The firm's operating earnings before interest, tax, depreciation and amortization (EBITDA) rose almost 37% year-on-year to 560.5 million euros ($625.2 million) in 2018. Consolidated revenues for the year increased by over 35% to 2.02 billion euros. That's slightly down from preliminary results posted in late January, which had put the company's earnings for the year at 568.3 million euros and revenues at 2.1 billion euros. But Wirecard says it expects to post EBITDA of between 740 million euros and 800 million euros this year. Shares of the company rose 2% in morning trade. "I think we're very enthusiastic, we're looking into a great year and I can also say we started into the year in a very robust and strong way," Wirecard CEO Markus Braun told CNBC'
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