Dow Jones Newswires: Wirecard posts profit and revenue rises

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Wirecard AG on Wednesday said that its net profit climbed in the third quarter, as revenue rose with increased transaction volumes.

Net profit at the German payments company WDI, -1.13%  was 149.2 million euros ($165.6 million) in the quarter, compared with EUR94.9 million in the year-earlier quarter.

Revenue rose to EUR731.5 million from EUR534.9 million, Wirecard said. In the nine-month period, transactions rose 38%, it said.

Third-quarter earnings before interest, taxes, depreciation and amortization were EUR211.1 million, up from EUR147.9 million. Analysts had estimated third-quarter Ebitda of EUR210 million and revenue of EUR727 million, according to a consensus forecast provided by FactSet.

Wirecard backed its 2019 Ebitda outlook of between EUR765 million and EUR815 million. For 2020, the company expects Ebitda between EUR1.0 billion and EUR1.12 billion.