Wirecard Q4 Preliminary EBITDA Up 41% – Quick Facts
Heartbreak as British backpacker found dead after going missing on New Zealand hike
Ms Simpson’s body has been found after she went missing several days ago, Sergeant Mark Kirkwood of West Coast Search and Rescue said.
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Groupe Renault FY19 Operating Income Declines; Revenues Down 3.3%
Groupe Renault (RNSDY.PK,RNSDF.PK,RNT.L) reported a net loss, Group share, of 141 million euros for fiscal 2019 compared to profit of 3.30 billion euros, prior year. Group operating income declined to 2.10 billion euros from 2.99 billion euros. Net income was at 19 million euros compared to 3.45 billion euros, previous year. The company said the decline came mainly from lower associated companies’ contribution, down 1.73 billion euros, and a charge of deferred tax in France for 753 million euros.
Fiscal 2019 Group revenues were 55.54 billion euros, down 3.3%. Excluding currency impact, Group revenues were down 2.7%. Automotive excluding AVTOVAZ revenues decreased 4.2% to 49.00 billion euros. Sales were at 3.8 million units, down 3.4%. The company said the decline was due to a negative volume effect of 1.4 points notably linked to lower sales in Argentina, Turkey and Algeria.
Automotive operational free cash flow, including AVTOVAZ, was positive at 153 million euros, for the fiscal year.
For 2020, Groupe Renault aims: Group revenues in line with 2019 at constant exchange rates, Group operating margin between 3% and 4%; and a positive automotive operational free cash flow before restructuring expenses.
Groupe Renault will submit a dividend of 1.10 euros per share for approval at the AGM.
AstraZeneca FY19 Core Operating Profit Rises; Sales Up 12% – Quick Facts
AstraZeneca plc (AZN.L,AZN) reported profit before tax of $1.55 billion for the year ended 31 December 2019 compared to $1.99 billion, previous year. Earnings per $0.25 ordinary share was $1.03, a decline of 40% (44% at CER). Core operating profit was $6.44 billion, an increase of 13%. Core earnings per share increased by 1% (stable at CER) to $3.50.
Full-year 2019 total revenue increased to $24.38 billion from $22.09 billion, prior year. Product sales increased 12% (15% at CER) to $23.56 billion, driven by the performances of new medicines and Emerging Markets. Sales of new medicines increased by 59% (62% at CER) to $9.91 billion. New medicines represented 42% of total product sales.
For fiscal 2020 at CER, depending on the impact of the coronavirus epidemic, AstraZeneca projects: core earnings per share to increase by a mid- to high-teens percentage; and revenue to increase by a high single-digit to a low double-digit percentage.
A second interim dividend of $1.90 per share has been declared, taking the unchanged full-year dividend per share to $2.80.
Stock Alert: Wayfair Falls 14%
Shares of furniture retailer Wayfair Inc. (W) were down $13.52 or 14.13% on Thursday after reports that the company is cutting jobs. The stock closed the day’s trade at $82.16.
Wayfair in a statement said Thursday that it is going to cut 550 or 3% of its workforce.
“We find ourselves at a place where we are, from an execution standpoint, investing in too many disparate areas, with an uneven quality and speed of execution,” chief executive Niraj Shah was quoted as saying in an e-mail to employees. “Through two years of aggressive expansion, we no doubt built some excess, inefficiency, and even waste at times, in almost every area.”
Wayfair shares have been trading in a range of $78.61- $173.72 in the past one year and shed more than 15% in the past four trading sessions.
During the past three quarters in 2019, loss per share had been widening despite steady revenue growth.
In October, when the company reported third-quarter results, adjusted loss per share was $2.23 compared with loss per share of $1.28 in the comparable quarter last year. Revenue for the quarter had risen to $2.305 billion from $1.706 billion in the same quarter a year ago.
Fourth-quarter results are expected to be published on February 28.
Wirecard revenue, adjusted Ebitda rises
Wirecard AG said Friday that its revenue and adjusted earnings before interest, tax, depreciation and amortization rose in the fourth quarter of 2019.
The German payments company reported revenue for the fourth quarter of 835 million euros ($906.8 million), up from EUR571 million for the same quarter the previous year.
Analysts were expecting quarterly revenue of roughly EUR776 million, according to FactSet.
Revenue for the full year rose to EUR2.8 billion from EUR2 billion the previous year.
Wirecard said adjusted Ebitda for the fourth quarter rose 42% to EUR794 million, while Ebitda for the full year increased to EUR785 million from EUR561 million the previous year.
The company said it continues to expect Ebitda of between EUR1 billion and EUR1.12 billion for 2020.
"Targeted investments with a constant focus on active cost management have again resulted in outstanding EBITDA in 2019. In addition, we expect a strong cash flow," said Chief Financial Officer Alexander von Knoop.
The company will publish its full 2019 results on April 8.
Write to Mauro Orru at email@example.com; @MauroOrru94
Wirecard Q4 Preliminary EBITDA Up 41% – Quick Facts
Wirecard AG (WRCDF.PK), a provider of electronic payment and risk management applications, reported that its fourth-quarter preliminary earnings before interest, taxes, depreciation and amortization or EBITDA increased by about 41 percent to 232 million euros from last year.
Adjusted for extraordinary expenses for audit, advisory and legal services which were incurred in the fourth-quarter, EBITDA for the fourth quarter was 241 million euros, corresponding to an increase of around 46 percent.
Quarterly consolidated revenues increased by 46 percent to 835 million euros from the previous year.
For the current fiscal year 2020, the company confirmed its outlook and expects earnings before interest, taxes, depreciation and amortization or EBITDA in a range of 1.0 billion euros to 1.12 billion euros.
The company said it will publish the audited consolidated financial statements for 2019 on April 8, 2020.