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EQS Group-News: Sandpiper Digital Payments AG / Key word(s): Half Year
Results
SANDPIPER Digital Payments AG announces unaudited semiannual figures for
2018
2018-08-31 / 17:30
*SANDPIPER Digital Payments AG announces unaudited semiannual figures for
2018*
*- Sustainable cost savings on SANDPIPER holding level and in daughter
companies show positive effects*
*- Revenues at EUR 12.7 Mio. slightly behind expectations due to a project
delay*
*- Strong improvement of organic and EBITDA growth at biggest daughter
company InterCard*
St. Gallen, August 31, 2018 - SANDPIPER Digital Payments AG (BX Swiss,
ticker: SDP, www.sandpiper.ch [1], Open Market, Frankfurt, ISIN:
CH0033050961), announces the unaudited consolidated interim financial
statements according to Swiss GAAP FER for the first half year 2018.
The revenue of EUR 12.7 Mio. is slightly behind expectations due to project
delays in daughter companies. The comparable revenue for half year 2017 was
at EUR 13.5 Mio. and therefore EUR 0.8 Mio. higher than for the half year
2018. The main reason is the delay of the go-live of a development project
for a new product, which will generate recurring revenues for the next four
years and deliver additional revenue potential.
In the first half of 2017, revenues of EUR 2.5 Mio. from Polyright and
Sandpiper Asia had been additionally consolidated, while both companies were
then sold in Q3 2017. InterCard AG Informationssysteme, a 51% daughter
company of SANDPIPER, has the possibility to increase its stake in Polyright
above 50% till 2021. InterCard and Polyright work operationally and
technologically already closely together.
Even without the majority at Polyright, the biggest SANDPIPER daughter
company, InterCard could significantly increase its revenues by 11% and its
EBITDA (EUR +379k), EBIT (EUR +374k) and EBT (EUR +384k) and therefore
turned positive compared to 2017.
The cost savings of EUR 1 Mio. on holding level show positive effects on the
EBIT line at EUR -1 Mio. in the first half year 2018 (1. half year 2017: EUR
3.2 Mio., dominated by one-time effects). Additionally, further actions were
taken in the daughter companies, which can positively affect the following
periods. The NAV is at EUR -0,01 per share, and the total assets were
reduced by EUR 2.3 Mio. to EUR 17.4 Mio. by selling shares as part of the
non-current financial assets.
The designated experts Franz Herrlein, Dieter Fröhlich and Steffen Seeger
could be won as new members of the board of directors of SANDPIPER Digital
Payments AG.
"SANDPIPER concentrated on the implementation of sustainable cost savings
and its core businesses. Additionally, we started the development of
selected future growth areas like smart city projects", states Dr. Cornelius
Boersch, president of the board of directors of SANDPIPER.
*Outlook*
The daughter companies have started to work more closely together in
marketing, sales as well as shared services. Besides a more intense
collaboration on the purchasing of goods and services, the daughter
companies also coordinate regarding administration, technology and IT. In
addition to the cost savings, the second half year is traditionally stronger
than the first half.
After the closing date, SANDPIPER signed a capital increase at InterCard
with another investor. The gross proceeds of EUR 378k will mainly be used
for the development and integration of new products and the further
development of the business. In addition, Playpass, another investment of
SANDPIPER, could win a financial investor, which will help to finance and
jointly develop the business over the next years.
Steffen Seeger, member of the board of directors, comments: "SANDPIPER has
put the right measures within the last month, to establish the fundament for
a sustainable positive future development. I am looking forward to
contributing to the success of SANDPIPER, based on my experience and
knowledge".
The unaudited interim financial statements as per June 30, 2018, according
to Swiss GAAP FER can be downloaded on the website www.sandpiper.ch [2].
*About SANDPIPER Digital Payments AG*
SANDPIPER Digital Payments AG, www.sandpiper.ch [3], is a stock-listed
holding company focusing on innovative mobile and digital payment systems,
multi-application solutions like physical and logical access as well as its
underlying digital security services and technologies. SANDPIPER belongs to
the leading and biggest providers of closed-loop payment and loyalty systems
for educational facilities, public authorities, event and mobility
operators, retailers and brands.
SANDPIPER holds majorities in the companies InterCard AG
Informationssysteme, Ergonomics AG, IDpendant GmbH, Multicard Nederland B.V.
sowie PAIR Solutions GmbH.
Contact: E-mail news@sandpiper.ch; Tel: +41-44-7838030; Fax: +41-44-7838040;
Website: www.sandpiper.ch [2]
Additional features:
Document: http://n.eqs.com/c/fncls.ssp?u=XPQTWYKADQ [4]
Document title: Semiannual figures for 2018
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
719515 2018-08-31
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(END) Dow Jones Newswires
August 31, 2018 11:30 ET (15:30 GMT)
