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EQS Group-News: Sandpiper Digital Payments AG / Key word(s): Research
Update/AGM/EGM
SANDPIPER Digital Payments AG: SMC Research raises the target price to EUR
0.27
2018-06-18 / 07:30
*SANDPIPER Digital Payments AG: SMC Research raises the target price for
SANDPIPER to EUR 0.27*
St. Gallen, June 18th, 2017 - SANDPIPER Digital Payments AG (BX Berne
eXchange, Ticker: SDP, www.sandpiper.ch [1], Open Market, Frankfurt, ISIN:
CH0033050961:
After the release of SANDPIPER's audited annual report 2017 by EY Ernst &
Young, SMC Research published a comment about SANDPIPER entitled "Successful
Consolidation". The comment refers to the initial study about SANDPIPER by
SMC Research, which identified great potential for the company. SMC now
highlights the significant progress that SANDPIPER has made regarding its
cost structure, which positively affected the financial results in 2017.
Notably, revenues increased by 5.4% despite considerable cost reductions.
This development falls within the upper end of SMC's expectations, which is
why the research analyst raised SANDPIPER's target share price to EUR 0.27,
from a previous target price of EUR 0.26. The recommendation remained a
"Speculative Buy". The update highlights that the improvement of the cost
structure developed better than expected. Additionally, SMC points out that
further positive effects are expected from increased exploitation of
synergies in the future, which will fuel revenue growth, with the explicit
target of reaching profitability.
SANDPIPER invited its shareholders to its annual general meeting on June
29th, 2018. The highlight of the meeting will be the re-election of three
new, renowned members of the Board of Directors: Franz Herrlein, Steffen
Seeger and Dieter Froehlich.
The SMC Research-Update can be downloaded on the website
http://ir.sandpiper.ch/websites/sandpiper/English/3470/research-reports.html
[2]
*About SANDPIPER Digital Payments AG*
SANDPIPER Digital Payments AG, www.sandpiper.ch [1], is a stock-listed
holding company with a focus on innovative payment systems, solutions for
marketing and customer retention as well as IT-services, access control and
security. The company ranks amongst the leading and largest operators of
closed- and open-loop proximity payment solutions in the fields of high
schools, events and digital content networks.
SANDPIPER holds a majority stake in the companies Multicard Nederland B.V.,
InterCard AG Informationssysteme, Ergonomics AG, IDpendant GmbH as well as
PAIR Solutions GmbH.
Contact: email: news@sandpiper.ch; Tel: +41-44-7838030; Fax: +41-44-7838040;
Website: www.sandpiper.ch [1]
Additional features:
Document: http://n.eqs.com/c/fncls.ssp?u=NDWBJRJUGM [3]
Document title: SANDPIPER_Research-Update_EN_June2018
End of Corporate News
Language: English
Company: Sandpiper Digital Payments AG
Poststrasse 17
9001 St. Gallen
Switzerland
Phone: +41 44 783 80 49
Fax: +41 44 783 80 40
E-mail: news@sandpiper.ch
Internet: www.sandpiper.ch
ISIN: CH0033050961
Valor: A0MYNQ
Listed: BX Berne eXchange
End of News EQS Group News Service
695999 2018-06-18
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=bf57274b18066b31ff1adf52e57f9e8b&application_id=695999&site_id=vwd&application_name=news
2: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=6dbff1b23e402ba1fa3dfec33a777895&application_id=695999&site_id=vwd&application_name=news
3: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=a98b332e5dcd1bbe88f122014f70fdf0&application_id=695999&site_id=vwd&application_name=news
(END) Dow Jones Newswires
June 18, 2018 01:29 ET (05:29 GMT)
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