" Einen extremen Kursaufschlag würde es natürlich geben, wenn Wirecard mit dem Closing des Citi-Deals gleichzeitig die 15 bis 20 Mio. EBITDA-Zuwachs, die man ja dieser Übernahme zugeschrieben hat, auf die Prognose draufpacken könnte. " Einspruch! Der erwartete Zuwachs ist bereits Teil der Guidance! Quelle 16/11 transcript Earning Conference https://finance.yahoo.com/news/...-earnings-conference-180206590.html Markus Braun Coming on page 23 to the outlook of the remaining year; I think, for the remaining year, I said already everything that had to be said. Some details to the new guidance for 2017; again, it is a conservative first guidance. You find here in detail on which basis the median that EUR391 million is calculated; it is calculated on basis of a 24% organic growth. And a contribution of our US entry of a little bit more than EUR13 million; that again is based on the $20 million EBITDA minus integration costs. The conservative element is, of course, we are already organically growing above the 24%. We had in 2016 some one-off costs. So there are some conservative elements in this guidance, but this is with what we start now into the year.
Wie schon mehrfach zitiert fragte Heike "Analystentag-viel-wichtiger-als-Zahlen" Pauls I have two questions, actually. The first one is about the US acquisition, if there's any news or timing updates for the closing of the transaction? You had hoped for a clearance in the course of the fourth quarter, is that still valid? And also, can you clarify if your 2017 EBITDA guidance also at the slow end includes the US business from January 1 already?
Markus Braun: Okay, to come to your first question to give you an update and transparency, we are through all regulatory hurdles with the Citi prepaid deal. I think we can say that there are remaining closing conditions between us and Citi that have to be sorted out in the next weeks. It's a complex deal and there are some remaining closing conditions. But we are very optimistic that, either by the end of this year or beginning of next year, the transaction will be closed. In the 2017 guidance, again, the business is now included with this around about EUR13 million of EBITDA contribution. So in the EUR391 million it is included with EUR13 million of contribution on a conservative level. So we definitely are calculating with a fully consolidated business in 2017.
Burkhard Ley: Exactly. If I may add just one sentence, so this includes a full consolidation per January 1, which, probably in real life, is not completely correct because either we have a closing in December or probably in January. So it could be a few days in the old year or a few days in the New Year missing, but the EUR13 million Markus mentioned are correct and included in 2017.
Ergo: es gibt nach dem Closing keine Erhöhung wegen des Closings für die Guidance, weil da das erwartete EBITDA schon drin ist. ----------- Market is a Court of Opinion and not a court of Law (Marc Cohodes) |