EQS-Adhoc: SANDPIPER Digital Payments AG announces annual figures for 2015
EQS Group-Ad-hoc: Sandpiper Digital Payments AG / Key word(s): Final
Results/AGM/EGM
SANDPIPER Digital Payments AG announces annual figures for 2015
10.06.2016 / 20:00
Release of an ad hoc announcement pursuant to Art. 18 KR.
The issuer is solely responsible for the content of this announcement.
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SANDPIPER Digital Payments AG announces annual figures for 2015
-EBIT (Swiss GAAP FER) at EUR -3.4m (previous year: EUR -3.8m)
-NAV per share according to Swiss Code of Obligation at EUR 0.19 at 31.12.2015
(previous year: EUR 0.23)
-The integration and harmonization of SANDPIPER group companies continues while
the SANDPIPER brand is strengthened
St. Gallen, June 10, 2016 - SANDPIPER Digital Payments AG (BX Berne eXchange,
ticker: SDP,www.sandpiper.ch, Open Market, Frankfurt, ISIN: CH0033050961),
announces the consolidated financial statements according to Swiss GAAP FER and
the Swiss Code of Obligation for the financial year of 2015.
End of 2014, SANDPIPER Digital Payments AG has converted from an investment
company to a holding company, which not only appears in the change of the name.
The structure of the balance sheet has changed substantially because of the new
business operations. The focus used to be on minority shareholdings and low
interference in the operative business of the ventures. In a holding company,
the majority shareholding in companies, that are contextually associated, are
consolidated and the subsidiaries' assets are accounted. "This is reflected in
the 2015 financial results. Turnover has been increased significantly in 2015 to
more than EUR 18m. We will continue our expansion in 2016 and have already
acquired the majority of IDpendent GmbH, further increased our share in PlayPass
NV and InterCard AG and taken a first step towards Asia with GoGorilla and
SANDPIPER Asia", elaborated Florian Welsch, CEO Operations of SANDPIPER Digital
Payments AG.
SANDPIPER continued its international growth strategy. In March 2015, PAIR
Solutions GmbH, Germany, was founded by the company to purchase the assets of
People & Projects IT (PPIT), a leading provider of IT-solutions for cashless
payment in school cafeterias and staff canteens. SANDPIPER also expanded its
footprint in the event market by taking a strategic investment in PlayPass NV,
Belgium (www.playpass.be), a global player in cashless payments and access
control for music festivals, to support the company in its international growth.
SANDPIPER increased its investment in InterCard AG from 25% to more than 40%.
InterCard is an expert partner for Entrust Datacard card printer solutions and
services and for printing and programming plastic cards.
According to Swiss GAAP FER, SANDPIPER Digital Payments AG ends 2015 with a net
loss at EUR
-4.0m (previous year: EUR -3.6m). The company generated revenue in height of EUR
18.3m (previous year: EUR 2.9m). Opposite stand operating expenses in height of
EUR -22.2m (previous year: EUR 7.2m). They are divided into direct portfolio
expenses (EUR 0.3m), material expenses (EUR 7.1m), personnel expenses (EUR
10.8m), depreciation and amortization of intangible assets (EUR 0.8m) and other
operating expenses (EUR 3.7m).
Total current assets are at EUR 7,5m (previous year: EUR 8.7m). Cash and cash
equivalents are the highest position valued at EUR 3.0m (previous year: EUR
4.6m). Total non-current assets increased from EUR 4.6m to EUR 6.8m in 2015.
Financial assets increased in height of EUR 1.6m from EUR 1.4m in 2014 to EUR
3.0m in 2015. Short-term receivables were at EUR 0.9m (previous year: EUR 0.9m).
Until December 31, 2015, equity reduced to EUR -3.6m (previous year: EUR -3.2m).
The NAV per share is at EUR -0.02 (shareholders' equity divided through number
of shares at the end of year) - previous year: EUR -0.02. The holding's balance
sheet total is at EUR 14.3m (previous year: EUR 13.3m).
In the individual statutory financial statements in accordance to Swiss Code of
Obligation, SANDPIPER expels a net loss of EUR -7.5m in 2015 (previous year: net
loss of EUR -2.5m). Equity is at EUR 31.6m (previous year: EUR 34.2m) and is
shaped by the annual result and the capital increase from November 2015. The NAV
per share (number of shares: 167.4m) according to Swiss Code of Obligation is at
EUR 0.19 (previous year: EUR 0.23).
The stock price at Frankfurt Stock Exchange developed from EUR 0.20 to EUR 0.32
per share despite a weak liquidity situation.
In Februaryand May 2016 SANDPIPER increased its stake in PlayPass NV to 39%. A
further acquisition could be achieved with IDpendant GmbH. IDpendant specializes
in IT security solutions, smart cards and USB tokens. In May 2016 SANDPIPER
acquired Singapore-based cashless payment company, GoGORILLA.
The annual report according to IFRS can be downloaded on the website. The
General Meeting takes place at June 30, 2016 in St. Gallen.
About SANDPIPER Digital Payments AG
SANDPIPER Digital Payments AG,www.sandpiper.ch, is a stock-listed technology
holding based in St. Gallen, Switzerland. The company is focused on the
consolidation of the fragmented payment landscape in Europe by pursuing a "buy &
build" strategy in the area of digital cashless payments and access control.
SANDPIPER was established as a special purpose acquisition company in early
2014. The shares are listed on Berne Stock Exchange.
SANDPIPER is already today one of the largest providers of closed-loop payment
systems in Europe. SANDPIPER solutions provide safe and intuitive payment
technologies based on RFID/NFC and mobile applications for markets such as
Retail, Education, Stadium, and Events.
Contact: Volker Rofalski; Tel: +41-44-783 80 30; Fax: +41-44-783 80 40;
website:www.sandpiper.ch
End of ad hoc announcement
Additional features:
Document:http://n.eqs.com/c/fncls.ssp?u=VTPXGYRBCV
Document title: SANDPIPER_Figures-2015_E
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10.06.2016 News transmitted by Tensid EQS AG. www.eqs.com
The issuer is responsible for the contents of the release.
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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: Foreign Exchange(s) BX
End of News EQS Group News Service
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