Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.
BREAKING NEWS

Wirecard CEO - Implied take rate in 2020 outlook is very conservative

Wirecard CEO - Implied take rate in 2020 outlook is very conservative
Euronews logo
Text size Aa Aa

FRANKFURT (Reuters) – The implied fee, or take rate, factored into Wirecard’s <WDIG.DE> upgraded outlook for next year is very conservative, the German payments company’s chief executive, Markus Braun, said on Wednesday.

Wirecard earlier upgraded its “Vision 2020” targets for revenues and transaction volumes to 3.2 billion euros ($3.6 billion) and 3.2 billion euros respectively, implying that it will earn 1.4% on the transactions it handles.

That compares with a take rate of 1.58% in the first half of this year, Braun told analysts on a conference call. “This is very much on the conservative side. Here we are keeping the powder dry,” he said.

(Reporting by Douglas Busvine; Editing by Michelle Martin)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.