Report on the 1st quarter of 2007

Wirecard AG: further substantial increase in sales revenues and EBIT

Wirecard AG, one of the leading European providers of electronic payment sys-tems with integrated risk management services, generated 26.6 million euros in sales revenues in the first quarter of 2007. Accordingly, sales revenues were up by 55 per cent year-on-year (Q1 2006: 17.1 million euros). The Company’s oper-ating result (EBIT) was also up by a substantial 59 per cent, to 6.1 million euros compared with the previous year’s figure of 3.8 million euros, confirming the sustained volume of growth. A quarterly comparison shows that the EBIT margin improved from 22 to 23 per cent.

Group earnings after taxes increased from 3.2 million to 5.3 million euros, or by 66 per cent, Taking account of the capital increase from company funds in the previous year, earnings per share rose from EUR 0.04 to EUR 0.07.

The organization’s core business, namely electronic payment processing and risk management services, generated TEUR 28,229 in sales revenues (previous year: TEUR 16,436). The operating result (EBIT) came to TEUR 6,023 (Q1 2006.: TEUR 4,006). In addition to banking products for payment processing, which also include acquiring services for commercial customers, the banking business segment of Wirecard Bank AG in the field of issuing virtual and physical pre-paid card products performed very well and contributed to the level of growth in this segment. In the field of Call Center & Communications, sales revenues were up by 22 per cent, to reach TEUR 2,385 (previous year: TEUR 1,959). EBIT in this segment improved from TEUR 169 to TEUR 40 compared with the previous-year quarter.

By the end of the first quarter, shareholders’ equity had risen to TEUR 113,683, up from TEUR 108,422 at the end of fiscal 2006. As a result, the Group’s equity ratio is in the region of 51 per cent.

Dr. Markus Braun, CEO of Wirecard AG: “We are confident of our ability to con-tinue the successful development recorded in the first quarter throughout the year and affirm our forecast that we will increase EBIT in 2007 as a whole by more than 50 per cent.”

Press Release

Wirecard PR&IR Office
Iris Stöckl
Tel.: +49 (0) 89 4424 0424
Fax: +49 (0) 89 4424 0524
Email: iris.stoeckl@wirecard.com
Internet: www.wirecard.com

About Wirecard:
Wirecard AG is one of the leading international providers of electronic payment systems and risk management services. The Company supplies customers with a wide range of national and global payment options as well as industry and country-specific risk man-agement services to minimize the occurrence of defaults on receivables. Wirecard Bank AG is a Principal Member of VISA, MasterCard Europe as well as JCB International and complements the portfolio of services. The Wirecard software platform is used by more than 6,000 enterprises across the globe, including dba, Gulf Air, HSE24 and QVC. Wire-card AG is listed on the Frankfurt Securities Exchange (TecDAX, ISIN DE0007472060, WDI). www.wirecardbank.com - www.wirecard.com