SANDPIPER Digital Payments announces guidance for 2017 and 2018 (english)
- The company expects revenues of EUR 30-32 Million in 2017 and an increase in 2018
- The 2017 EBITDA is expected to be between EUR -1.0 million to EUR -0.5 million and will thereby show positive development. In 2018 a positive EBITDA margin is expected for the first time.
- Investors are considering an investment in SANDPIPER and are aiming for a significant minority shareholding.
St. Gallen / Switzerland, 5th of December 2017: SANDPIPER Digital Payments AG (BX Berne eXchange, Ticker: SDP, www.sandpiper.ch, Open Market, Frankfurt,
ISIN: CH0033050961), with focus on digital payment systems and access control solutions, publishes a guidance and discloses discussions regarding the potential investment of financial investors.
The financial year 2017 was characterized by increased focus on the operational units. During the course of the year, SANDPIPER has terminated unprofitable activities, divested business units that did not fit the core business and significantly reduced cost positions. The individual measures were presented on the 30th of August 2017 within the context of the half-year results and further implemented in the second half of 2017. This leads to a revenue expectation 2017e in the amount of EUR 30-32 million (previous year: EUR 28.9 million) with an EBITDA 2017e of EUR -1.0 million to EUR -0.5 million. (Previous year: EUR -3.8 million) On the basis of the current shareholdings, we expect an increase in the group revenue as well as a positive EBITDA for the first time in 2018e.
“In the past months, we have implemented numerous measures to position SANDPIPER more sustainably.” states Dr. Cornelius Boersch, Chairman of the Board of SANDPIPER. “The sale of Polyright S.A., the majority sale of Sandpiper Asia Digital Payments Asia Ptd. Ltd. as well as the termination of unprofitable activities were the correct and important decisions to fully focus on our core business.” elaborates Dr. Boersch.
Currently, investors are considering to invest in SANDPIPER in the form of a minority stake and are conducting talks with the company as well as existing anchor shareholders. The result could also include expansion of the free float. “The interest of institutional investors underlines the current company development and the adopted strategy”, states Manfred Rietzler, vice president of the Board of Directors of SANDPIPER.
The company intends to expand the capital market communication from January 2018. “After the implementation of all operational measures, we would like to show the capital markets the potential that we, as SANDPIPER, have in the core segments of payment and security” says Hajo Riesenbeck, member of the Board of SANDPIPER.
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 field of high schools, events and digital content networks.
SANDPIPER holds a majority stake in the companies Multicard NL B.V., InterCard AG Informationssysteme, Ergonomics AG, IDpendant GmbH as well as PAIR Solutions GmbH.