Wirecard AG (WDIG.DE)
MUNICH/FRANKFURT Wirecard , the fintech company that last month joined Germany's DAX blue-chip index, said on Tuesday it expects core profits to grow sixfold by the middle of the next decade thanks to a boom in e-commerce and digital payments.
* Shares rise 3 percent (Adds CEO comments to investor event)
MUNICH, Oct 9 Wirecard's prediction that profits will grow several times over by the middle of next decade is conservative, CEO Markus Braun said on Tuesday, highlighting new products and channels such as 'voice' commerce as growth drivers.
FRANKFURT, Oct 9 Wirecard, the German fintech company recently admitted to the DAX blue-chip index, said on Tuesday it expects core profits to grow sixfold by the middle of the next decade on the back of a global boom in e-commerce and digital payments.
LONDON (Reuters Breakingviews) - Europeans often bemoan the lack of home-grown technology groups. Germany’s Wirecard and Netherlands-based Adyen, whose combined value has soared to 43 billion euros, are notable exceptions. They can justify the hype. Wirecard passed a symbolic milestone on Wednesday when the company replaced Commerzbank in Germany’s blue-chip DAX index. The 23 billion euro group is worth more than Deutsche Bank, and trades at 40 times forward EBITDA – roughly double the valu
ASCHHEIM, Germany Wirecard, the German fintech company that has ousted Commerzbank from the blue-chip DAX index, has the potential to expand even more rapidly over the next decade, its chief executive said on Thursday.
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FRANKFURT Wirecard raised its guidance for 2018 profits on Thursday, sending its shares to a record high and underscoring the payments company's rise at the expense of Germany's struggling banks.
* Shares rally 10 pct to record high (Adds detail on outlook, analysts, share price)