Wirecard forecasts further rapid growth in 2020

Credit: REUTERS/Michael Dalder

Wirecard reported a 43% gain in third-quarter core profits on Wednesday, as the German payments company awaits the verdict of an independent investigation by KPMG into allegations it has inflated reported sales and profits.

FRANKFURT, Nov 6 (Reuters) - Wirecard WDIG.DE reported a 43% gain in third-quarter core profits on Wednesday, as the German payments company awaits the verdict of an independent investigation by KPMG into allegations it has inflated reported sales and profits.

The company confirmed its 2019 guidance and forecast core earnings before interest, taxation, depreciation and amortisation (EBITDA) in 2020 of between 1-1.12 billion euros ($1.11-$1.24 billion), implying growth of 34% at the mid-point.

($1 = 0.9031 euros)

(Reporting by Douglas Busvine Editing by Michelle Martin)

((douglas.busvine@tr.com; +49 30 2888 4084; Reuters Messaging: douglas.busvine.thomsonreuters.com@reuters.net))

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