Wirecard Postpones 2019 Results Publication for Third Time
May 26 2020 - 2:09AM
Dow Jones News
By Mauro Orru
Wirecard AG said late Monday that publication of its
consolidated financial statements for 2019 would be postponed for
the third time as not all audit procedures have been completed.
The German digital-payment services company said its financial
statements would now be published on June 18 instead of June 4.
"The renewed delay in submitting audited financial statements is
more than annoying--with or without Covid-19. I assume that there
will be no major deviations of these very intensively audited
financial statements from the reported preliminary figures," Chief
Financial Officer Alexander von Knoop said.
Wirecard had 2019 revenue growth of 38% to 2.8 billion euros
($3.05 billion) and earnings before interest, taxes, depreciation,
and amortization of EUR785 million, according to preliminary
figures from February 2020.
Wirecard was initially due to publish its full 2019 results on
April 8, a deadline which later turned into April 30 as KPMG was
completing an independent probe into allegations of accounting
impropriety at the company.
However, the deadline was subsequently moved to June 4 to allow
for extra time after publication of the KPMG report on April
28.
Wirecard said that it is also postponing its annual general
meeting to Aug. 26 from July 2.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
May 26, 2020 01:54 ET (05:54 GMT)
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