Wirecard reiterates 2020 profit guidance, fourth-quarter in line

BERLIN (Reuters) - Wirecard reiterated its guidance for core profits of 1-1.12 billion euros ($1.08-$1.21 billion) this year, implying growth of 34%, as it reported in-line quarterly earnings.

The Munich-based payments company posted fourth-quarter adjusted earnings before interest, taxation, depreciation and amortization (EBITDA) of 241 million euros, up 46% year-on-year and in line with expectations in a Refinitiv poll of analysts.