Wirecard has raised its expectations for the longer term

In Corporate
October 8, 2019
W

Fintech company Wirecard has raised its expectations for the longer term. The German payment processor is expecting a turnover of around 12 billion euros by 2025. Previously the company assumed at least 10 billion euros in revenue that year. Wirecard revealed the prognosis during his investor day in New York.

The operating result should amount to 3.8 billion euros in 2025, compared to 3.3 billion euros in an earlier forecast. Wirecard thus stands for explosive growth. This year the company is counting on an operating result of at least 760 million euros.

The total transaction volume in 2025 will amount to 810 billion euros, according to the company. Wirecard is also more positive here than in an earlier estimate where it was expected to be at least 710 billion euros. In order to achieve growth, Wirecard is aiming more and more at large customers, where it now mainly has smaller and medium-sized customers and partners. Furthermore, the use of data and the worldwide presence must stimulate the growth of Wirecard.

By: Leah Kunze

Leah Kunze just graduated MBA and is proud of it. She is interested in automotive industry and innovations. She well be glad to receive a mail to leah.kunze@economicinform.com

Add comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Read more

6 days ago

Rising costs and intense competition led BCC to bankruptcy

2 Min read
Add comment
22September

The administrators of BCC have filed for bankruptcy. Due to increasing costs and customer cutbacks, the curtain is now falling for the electronics retail chain. The administrators of BCC informed the employees on Thursday morning that they have applied for bankruptcy for the electronics retail chain. BCC had already been granted a suspension of payments last week, and bankruptcy often follows...

1 month ago

Ripple Vs. SEC: the saga isn’t over yet

3 Min read
Add comment
25August

In the ongoing legal saga between Ripple Labs and the US Securities and Exchange Commission (SEC), Judge Analisa Torres has made critical announcements regarding the upcoming trial dates and associated deadlines. Upcoming Deadlines for Ripple Vs. SEC In a filing on August 9th with the US District Court for the Southern District of New York, Judge Torres expressed her intention to proceed with a...

1 month ago

Philips sold over 12 percents to Agnelli family

4 Min read
Add comment
18August

Exor, the investment fund owned 53% by the Italian Agnelli family (Fiat), initially purchased nearly 3% of Philips, and last Sunday, through an investment bank, acquired over 12%. It’s a noteworthy transaction, particularly from Exor’s perspective. The deal itself was a swift move, as spokespeople from Philips and Exor have indicated: “On Sunday, Exor signed the agreement with...

2 months ago

Apple Reports Decline in iPhone, Mac, and iPad Sales

2 Min read
Add comment
04August

Apple sold fewer iPhones, Macs, and iPads in the last quarter, leading to a decline in the company’s total revenue for the third consecutive quarter. However, there was a bright spot for Apple in the sales of digital products, such as subscriptions to Apple Music and iCloud. Particularly disappointing was the iPhone sales, which were over 2 percent lower compared to the same quarter last...

By Oliver I. Kjeldsen October 8, 2019
Add comment

Recent Posts

Categories

About us

EconomicInform, EconomicInform.com is a product of EconomicInform LLC. We sincerely believe that economics is one of the most interesting and most underappreciated – in terms of getting some enjoyment out of reading the subject articles – sciences. More on that - at the link. Feel free to drop us a line.