This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Euronet Worldwide Reports Fourth Quarter And Full Year 2012 Financial Results

Transaction growth of 23% for the full year and 16% for the fourth quarter was driven by ATM expansion in India, Poland and Romania, together with further development of the European cross-border acquiring business. Revenue growth outpaced transaction growth due to a shift towards higher priced transactions. ATM growth was largely attributable to brown label ATM deployments in India and the cash4you acquisition in Poland completed late in the fourth quarter 2011. The deployment of brown label ATMs in India contributed to fourth quarter earnings growth, but negatively impacted full year results due to the ramp-up of transactions on these new ATMs.

The epay Segment reports the following results for the full year 2012 compared with the same period for 2011:

  • Revenues of $714.2 million, a 5% increase from $677.1 million (10% increase on a constant currency basis).
  • Operating income of $19.6 million, a 65% decrease from $56.8 million (76% decrease on a constant currency basis).
  • Adjusted operating income of $48.3 million, a 15% decrease from $57.0 million (14% decrease on a constant currency basis).
  • Adjusted EBITDA of $68.1 million, a 10% decrease from $75.5 million (7% decrease on a constant currency basis).
  • Transactions of 1,113 million, a 5% increase from 1,064 million.
  • Point of sale ("POS") terminals of approximately 680,000 as of December 31, 2012, an 11% increase from approximately 615,000 as of December 31, 2011.
  • Retailer locations of approximately 339,000 as of December 31, 2012, an 16% increase from approximately 293,000 as of December 31, 2011.

The epay Segment reports the following results for the fourth quarter 2012 compared with the same period of 2011:

  • Revenues of $199.5 million, a 4% increase from $191.2 million (6% increase on a constant currency basis).
  • Operating loss of $13.8 million compared with operating income of $16.9 million.
  • Adjusted operating income of $14.9 million, a 12% decrease from $16.9 million (11% decrease on a constant currency basis).
  • Adjusted EBITDA of $19.4 million, a 12% decrease from $22.1 million (11% decrease on a constant currency basis).
  • Transactions of 298 million, a 4% increase from 286 million.

Full year revenue growth versus the prior year was largely due to the September 2011 acquisition of cadooz. Revenue increases in the fourth quarter 2012 compared with the prior year were from continued demand for non-mobile products in Germany and prepaid mobile sales in the U.S. Adjusted operating income and Adjusted EBITDA declines for both the full year and fourth quarter were primarily focused in Brazil, Spain and Australia, partially offset by increases in Germany and the U.S.

3 of 8

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
SYM TRADE IT LAST %CHG

Markets

DOW 18,285.74 +0.34 0.00%
S&P 500 2,130.82 +4.97 0.23%
NASDAQ 5,090.7940 +19.0510 0.38%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs