German payments firm Wirecard has reported operating earnings before interest, tax, depreciation and amortisation (EBITDA) of €70.4m for the second quarter of 2016, up by 34.6% compared to €52.3m during the same period last fiscal.
In the second quarter of 2016, consolidated revenues for the group rose by 33.6% to €241.3m against €180.7m during the corresponding period a year ago.
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In the first half of the year, EBITDA rose by 34.6% year-on-year to €132.4m.
Consolidated revenues for the group increased in the first half of 2016 by 32.8% to €451.8 against €340.1m during the same period a year ago. Earnings after tax rose by 173.7% to €166.8m.
Transaction volumes processed through the Wirecard platform in the first six months increased by 35.3% from €20.2bn in the previous year to €27.4bn.
Wirecard CEO Markus Braun said: “Alongside the constant shift from bricks and mortar transactions to online transactions and from cash payments to electronic transactions, Internet technologies are driving the convergence of all sales channels.”
