18.06.2018 – 07:32

Sandpiper Digital Payments AG

EQS-News: SANDPIPER Digital Payments AG: SMC Research raises the target price to EUR 0.27

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

18.06.2018 / 07:30

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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, 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 websitehttp://ir.sandpiper.ch/w
ebsites/sandpiper/English/3470/research-reports.html

About SANDPIPER Digital Payments AG

SANDPIPER Digital Payments AG,www.sandpiper.ch, 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
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Additional features:

Document:http://n.eqs.com/c/fncls.ssp?u=NDWBJRJUGM
Document title: SANDPIPER_Research-Update_EN_June2018

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End of Corporate News
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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:   BX Berne eXchange



 

End of News EQS Group News Service

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