Wirecard announces Vision 2025 targets for transaction volume, revenues and EBITDA
- Transaction volume expected to increase to at least EUR 710bn and Group revenues to surpass EUR 10bn - EBITDA forecasted to exceed EUR 3.3bn - Growth to be delivered from omnichannel solutions from one platform, transition of cash to electronic payments and value-added services which will be extended around the Wirecard Digital Payment Ecosystem
Aschheim (Munich)/London. Wirecard, the global innovation leader for digital financial technology, today announces its Vision 2025, setting out its targets for 2025 transaction volume, revenues and EBITDA. Management also announces the key growth drivers to achieve these targets on the back of a rising global transition towards digital payments, mobile and e-commerce.
In 2025, Management forecasts transaction volume to increase to more than EUR 710bn. Group revenues are estimated to reach at least EUR 10bn with EBITDA of more than EUR 3.3bn. Management confirms the previously announced Vision 2020 targets and the FY2018 EBITDA guidance.
Wirecard's strategy towards achieving the Vision 2025 targets will focus on two core areas. Firstly, through an accelerating convergence between online, mobile and point-of-sale (ePOS), deploying innovative technologies to enable omnichannel commerce via one platform. Secondly, from the constant value chain development and innovative data-led value-added services, which are built around Wirecard Digital Payment Ecosystem and which lead to an improvement in the conversion rate - this is how Wirecard manages to significantly increase merchant turnover through data-driven services.
Wirecard's CEO Markus Braun, along with senior management, will discuss in further detail all focal areas and the Vision 2025 at the company's Innovation Day, hosted from 09.00 BST today in London. The webcast of the event will be live from 11 October 09.00 CET onwards at the Investor Relations website. Follow us on Twitter during the day under #ThinkWirecard.
Iris Stöckl VP Corp. Comm./IR Tel.: +49 (0) 89-4424-1424 E-Mail: firstname.lastname@example.org 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, 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.
09.10.2018 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.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: 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: email@example.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 End of News DGAP News Service