This post was originally published on this site
Wirecard AG on Wednesday said that its net profit climbed in the third quarter, as revenue rose with increased transaction volumes.
Net profit at the German payments company WDI, -1.49% was 149.2 million euros ($165.6 million) in the quarter, compared with EUR94.9 million in the year-earlier quarter.
Revenue rose to EUR731.5 million from EUR534.9 million, Wirecard said. In the nine-month period, transactions rose 38%, it said.
Third-quarter earnings before interest, taxes, depreciation and amortization were EUR211.1 million, up from EUR147.9 million. Analysts had estimated third-quarter Ebitda of EUR210 million and revenue of EUR727 million, according to a consensus forecast provided by FactSet.
Wirecard backed its 2019 Ebitda outlook of between EUR765 million and EUR815 million. For 2020, the company expects Ebitda between EUR1.0 billion and EUR1.12 billion.
