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Euronet 2012 revenue increases by 9% to $1.26bn

Electronic payments provider Euronet Worldwide has reported revenues of $1.26bn for the year 2012, up by 9% compared to $1.16bn during the comparable period earlier year.

Operating income stood at $58m, with a decrease of 27% from $79.1m during the corresponding period last fiscal.

Adjusted EBITDA increased by 8% to $162.8m, while net earnings attributable to Euronet was $20.5m or $0.40 diluted earnings per share, down by 44% from $36.9m, or $0.71 during the year ago period.

The EFT processing segment revenues rose by 19% to $237.9m, compared to $199.3m, while its operating income stood at $44.4m, up by 34% from $33.2m during the same period a year ago.

The epay segment revenues were $714.2m, with a rise of 5% compared to $677.1m, while operating income was $19.6m, down by 65% from $56.8m during the same period in 2011.

The Money transfer segment revenues grew by 11% to $316.1m, from $285.3m; while operating income stood at $24.6m, a 44% increase from $17.1m during the same period year ago period.

Headquarters in Leawood, Kansas, US, Euronet operates 49 worldwide offices; and delivers payment and transaction processing solutions to financial institutions in nearly 150 countries.