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Wirecard increase of the EBITDA, revenue and transaction goals for the year 2025

FILE PHOTO: The head office of Wirecard AG, which is an independent provider of outsourcing and white label solutions for electronic payment transactions, is shown in Aschheim near Munich, Germany, April 25, 2019 at the latest. REUTERS/Michael Dalder/File Photo

BERLIN (Reuters) – the German payments company Wirecard, on Tuesday, said that with the increase of the objectives set for the year 2025 the transaction volume, revenues and EBITDA increased due to organic growth and partnerships, and the promotion of the shares, from 2.2% in premarket trade at Lang & Schwarz.

Wirecard, which is holding its capital markets day in New York city on Tuesday, said that he expects a transaction volume of more than 8 to 10 billion euros ($889.22 billion) a year by 2025, will come from the previous forecast of 710 million euros.

It’s said that it saw revenues of more than € 12 billion a year by 2025, compared with a previous forecast of more than eur 10 billion. It is said that it is now anticipated earnings before interest, taxes, depreciation, and amortization) of more than 3.8 billion by 2025, up from about 3.3 billion euros.

Reporting by Michelle Martin, editing by Vera Eckert

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