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SANDPIPER Digital Payments AG announces unaudited semiannual figures for 2015


Sandpiper Digital Payments AG / Key word(s): Half Year Results

2015-09-01 / 07:51


SANDPIPER Digital Payments AG announces unaudited semiannual figures for 2015

- Total operating income at EUR 9.0m (previous year: EUR 0.0m)

- Continued its international growth strategy

- New acquisitions supporting the group strategy

- Net loss (Swiss GAAP FER) at EUR -1.1m (previous year: EUR -0.3m)

St.Gallen / Switzerland, August 31st, 2015 - SANDPIPER Digital Payments AG (BX Berne eXchange, ticker: SDP, www.sandpiper.ch, Open Market, Frankfurt, ISIN: CH0033050961), announces the unaudited consolidated interim financial statements as per June 30th, 2015 according to Swiss GAAP FER.

In the first half of 2015, 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), (www.pairsolutions.de) a leading provider of IT-solutions for cashless payment solutions in school cafeterias and staff canteens. With this acquisition, SANDPIPER enlarged its footprint into the European school market by adding this successful cashless payment solutions at day schools in Germany, with cross-selling potential in SANDPIPER's education portfolio.

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. PlayPass currently serves festivals with its RFID & access control solutions in various countries in Europe and Asia.

In addition, SANDPIPER extended its technological platform through an investment in SmartLoyalty AG, Germany and secured market access to German merchants. SmartLoyalty provides inexpensive systems to bind customers, combined with innovative marketing concepts, SmartLoyalty offers the instruments to enhance customer loyalty.

According to Swiss GAAP FER, SANDPIPER ends June 30th, 2015 with a net loss of EUR -1.1m (previous year: EUR -0.3m). The company generated revenues in the amount of EUR 9.0m (previous year: EUR 0.0m). Operating expenses were in the amount of EUR -11.0m (previous year: EUR -0.4m). They mainly consist of material expenses (EUR 3.3m), personnel expenses (EUR 5.0m), and other operating expenses (EUR 2.3m). Earnings before interests and taxes (EBIT) decreased from EUR -0.4m to EUR -1.2m. Operating result decreased from EUR -0.4m to EUR -2.0m.

Shareholders equity attributable to SANDPIPER's shareholders decreased from EUR -2.8m to -4.4m mainly because of the loss incurred.

The NAV per share is at EUR -0.03 (shareholders' equity divided through the number of shares at the end of the period). The holding's balance sheet total is at EUR 11.9m (December 31st, 2014: EUR 13.3m). Basic and diluted earnings per share are EUR -0.01 (prior year EUR -0.00).

Outlook

The market for digital payments is driven by innovations, which result in a requirement for scale in the operations of companies. The speed of execution and the access to customers remains key assets for the implementation of payment systems. SANDPIPER expects that the dynamics continue throughout 2015 yielding great potential for the execution of SANDPIPER's buy & build strategy. SANDPIPER is perfectly positioned in its markets for sports, events, education and leisure with a customer base of more than 5 million users and a modular solution offering in order to scale the business further.

SANDPIPER has secured market access to South America, China and Australia and expands its geographic footprint in 2015, with revenues materializing in the second half of the year.

The integration and harmonization of SANDPIPER's group companies continues while the SANDPIPER brand is strengthened.

Already in Q2 2015, SANDPIPER could raise convertible loans of CHF 2.7m and obtained commitments for further CHF 1.5m convertible loans. In Q3 2015, additional CHF 5 million convertible loans could be issued to a new Swiss investor. These capital raises show the unbroken confidence in SANDPIPER.

The unaudited interim financial statements as per June 30, 2015 according to Swiss GAAP FER can be downloaded on the website.

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: +41-79-6962773 ; website: www.sandpiper.ch