Card-carrying optimist

8 October 2019 By Liam Proud Follow @liamwardproud

The $19 bln German payments group reckons transaction volumes, revenue and EBITDA will rise more than sixfold compared with 2018. Such forecasts ignore the risk of big tech groups like Facebook muscling in. Accusations of accounting impropriety still weigh on its valuation.

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Wirecard on Oct. 8 announced it had increased its 2025 targets for transaction volume, revenue and EBITDA, citing “accelerated organic growth” and strategic partnerships.

The German payments firm now expects more than 810 billion euros of transactions in 2025, compared with 710 billion euros previously. Revenue in the same year could be more than 12 billion euros, it said, rather than 10 billion euros. The company’s new EBITDA target is 3.8 billion euros, up from 3.3 billion euros.

Wirecard shares were down 2.9% at 140.3 euros by 0900 GMT on Oct. 8.

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