Wirecard is engaged in the business of global payment processing, risk management and payment acceptance, as well as card issuing. Co. operates in three segments: Payment Processing & Risk Management, which comprises of products and service for the acceptance or implementation and the downstream processing of electronic payments and the associated processes; Acquiring & Issuing, which includes acceptance (acquiring) and issuing credit cards and prepaid cards, as well as account and payment transaction services; and Call Center & Communication Services, which comprises all of the products and services that address the call centre assisted support of corporate and private customers.
  • Ticker747206
  • ISINDE0007472060
  • SectorSupport Services
  • CountryGermany

Analysts

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Benoit Valleaux
  • Christophe-Raphaël Ganet
  • Jerôme Bodin
  • Khaled Ben Amor
  • Laurence Hofmann
  • Louis Boujard
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Rémi Adam
  • Stephane Houri
  • Veysel Taze

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/15/2018

...

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Benoit Valleaux
  • Christophe-Raphaël Ganet
  • Jerôme Bodin
  • Khaled Ben Amor
  • Laurence Hofmann
  • Louis Boujard
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Rémi Adam
  • Stephane Houri
  • Veysel Taze

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 15/11/2018

...

Stephane Houri

Wirecard AG : Reassuring elements from the conference call - Buy reiterated

>A frosty reception for results, despite a third upward revision to full-year guidance - Yesterday, Wirecard reported Q3 2018 results that were broadly in line with preliminary figures and raised its guidance for 2018 EBITDA to € 550m-€ 570m vs € 530m-€ 560m (please refer to our initial reaction yesterday). In a market that is tough for technology stocks, this third upward revision to guidance since the beginning of the year received a frosty reception since the share...

Matthieu Lavillunière ...
  • Maxime Dubreil

INVEST SECURITIES - Wirecard : Le moindre impair se paie cash - NEUTRE, OC 165€ vs 162€

Alors que tous les voyants semblaient au vert en 1ère lecture, une analyse plus fine du T3 18 met en lumière un FCF opérationnel pénalisé à hauteur de -100m€ par un impact one-off de lancement d'un nouveau service (Payment in Advance). Si une plus grande transparence sur ce point aurait été appréciée, l'impact s'avère relativement marginal. Cela fait passer au second plan l'accélération de la croissance organique, les précisions salutaires sur les taux de commissions et le relèvement de guidance d'EBITDA 2018. Avec un objectif marginalement ajusté (165€ vs 162€ préc), nous n'avons pas suffisam...

Stephane Houri

Wirecard AG : Des éléments rassurants durant la conférence call – Opinion Achat réitérée

>Des résultats ‘fraîchement’ accueillis malgré le 3e relèvement de guidance de l’année - Hier, Wirecard a publié ses résultats T3 18 finaux globalement en ligne avec les préliminaires et a relevé sa guidance d’EBITDA 2018 à 550/570 M€ vs 530/560 M€ (Lire notre réaction initiale hier). Dans un marché compliqué pour les valeurs technologiques, ce 3e relèvement depuis le début de l’année, a été fraîchement accueilli puisque le titre a baissé de 5% en fin de journée. Nous...

Richard-Maxime Beaudoux

WIRECARD: Audited Q3 earnings; FY 2018 EBITDA guidance raised | BUY | EUR240

WIRECARD - BUY | EUR240(+53%) Audited Q3 earnings; FY 2018 EBITDA guidance raised Revenues and EBITDA margin were known, FY guidance upgraded Visions 2020 and 2025 reiterated We maintain our Buy recommendation and FV of EUR240

Stephane Houri

Wirecard AG : Reassuring elements from the conference call - Buy reiterated

>A frosty reception for results, despite a third upward revision to full-year guidance - Yesterday, Wirecard reported Q3 2018 results that were broadly in line with preliminary figures and raised its guidance for 2018 EBITDA to € 550m-€ 570m vs € 530m-€ 560m (please refer to our initial reaction yesterday). In a market that is tough for technology stocks, this third upward revision to guidance since the beginning of the year received a frosty reception since the share...

Matthieu Lavillunière ...
  • Maxime Dubreil

INVEST SECURITIES - Wirecard : Le moindre impair se paie cash - NEUTRE, OC 165€ vs 162€

Alors que tous les voyants semblaient au vert en 1ère lecture, une analyse plus fine du T3 18 met en lumière un FCF opérationnel pénalisé à hauteur de -100m€ par un impact one-off de lancement d'un nouveau service (Payment in Advance). Si une plus grande transparence sur ce point aurait été appréciée, l'impact s'avère relativement marginal. Cela fait passer au second plan l'accélération de la croissance organique, les précisions salutaires sur les taux de commissions et le relèvement de guidance d'EBITDA 2018. Avec un objectif marginalement ajusté (165€ vs 162€ préc), nous n'avons pas suffisam...

Stephane Houri

Wirecard AG : Des éléments rassurants durant la conférence call – Opinion Achat réitérée

>Des résultats ‘fraîchement’ accueillis malgré le 3e relèvement de guidance de l’année - Hier, Wirecard a publié ses résultats T3 18 finaux globalement en ligne avec les préliminaires et a relevé sa guidance d’EBITDA 2018 à 550/570 M€ vs 530/560 M€ (Lire notre réaction initiale hier). Dans un marché compliqué pour les valeurs technologiques, ce 3e relèvement depuis le début de l’année, a été fraîchement accueilli puisque le titre a baissé de 5% en fin de journée. Nous...

Stephane Houri

Wirecard AG : New guidance upgrade for 2018 (matching consensus expectations), strong growth expected in 2019

>Final Q3 2018 results broadly in-line - This morning, Wirecard released its full Q3 2018 earnings. As a reminder, preliminary Q3 2018 results were published on 30 October.Key new items are: 1/ 9M transaction volumes grew 44.2% to € 90.2bn (+78.4% outside Europe and +21.1% in Europe) meaning 9M revenues of € 1,444.7m up 41.4%; 2/ 9M EPS was € 2.02 up 48%, which means Q3 EPS of € 0.78 vs € 0.77; 3/ 9M adjusted cash flow from operating activities totalled € 310.1m...

Stephane Houri

Wirecard AG : New guidance upgrade for 2018 (matching consensus expectations), strong growth expected in 2019

>Final Q3 2018 results broadly in-line - This morning, Wirecard released its full Q3 2018 earnings. As a reminder, preliminary Q3 2018 results were published on 30 October.Key new items are: 1/ 9M transaction volumes grew 44.2% to € 90.2bn (+78.4% outside Europe and +21.1% in Europe) meaning 9M revenues of € 1,444.7m up 41.4%; 2/ 9M EPS was € 2.02 up 48%, which means Q3 EPS of € 0.78 vs € 0.77; 3/ 9M adjusted cash flow from operating activities totalled € 310.1m...

A director bought 25,000 shares at 90.517EUR and

A director at Wire Card AG bought 25,000 shares at 90.517EUR and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of boar...

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Benoit Valleaux
  • Christophe-Raphaël Ganet
  • Jerôme Bodin
  • Khaled Ben Amor
  • Laurence Hofmann
  • Louis Boujard
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Rémi Adam
  • Stephane Houri
  • Veysel Taze

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/15/2018

...

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Benoit Valleaux
  • Christophe-Raphaël Ganet
  • Jerôme Bodin
  • Khaled Ben Amor
  • Laurence Hofmann
  • Louis Boujard
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Rémi Adam
  • Stephane Houri
  • Veysel Taze

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 15/11/2018

...

Alexandre Iatrides ...
  • Alfred Glaser
  • Anis Zgaya
  • Delphine Brault
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Khaled Ben Amor
  • Louis Boujard
  • Olivier Lebrun
  • Philippe Ourpatian
  • Stephane Houri
  • Steven Gould
  • Sylvain Goyon
  • Thomas Zlowodzki
  • Veysel Taze

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/14/2018

Finally, an agreement has been reached. But the most difficult task is just beginning for the UK prime minister because she will need to secure parliamentary approval for the deal. But right now, this is another story. What can we expect if parliament approves the deal? 1/ A rise in gilt yields (fall in the price of the UK sovereign bond). 2/ An appreciation in sterling against the US dollar and the euro. Favour financials, construction, retail and spending linked to consumer confiden...

Alexandre Iatrides ...
  • Alfred Glaser
  • Anis Zgaya
  • Delphine Brault
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Khaled Ben Amor
  • Louis Boujard
  • Olivier Lebrun
  • Philippe Ourpatian
  • Stephane Houri
  • Steven Gould
  • Sylvain Goyon
  • Thomas Zlowodzki
  • Veysel Taze

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 14/11/2018

Finalement, un accord a été trouvé. Le plus dur commence maintenant pour le PM britannique puisqu’il faudra trouver une majorité parlementaire pour le valider. A ce stade c’est une autre histoire. Qu’attendre en cas de vote positif du parlement ? 1/ une hausse des rendements du Gilt (baisse du prix de l’obligation souveraine) - 2/ une appréciation de la livre vs USD et EUR. Privilégier les financières, la construction, la distribution et les dépenses liées à la confiance du consommateu...

François Maury ...
  • Georges Dieng
  • Stephane Houri

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/10/2018

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Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

proxy report 21/06/2018

Item 4: In financial year 2017, the Supervisory Board resolved to revise the Management Board members' remuneration system. The main changes, which apply from financial year 2018 onwards, relate inter alia to the inclusion of additionalperformance criteria for the both the annual bonus and the long-term incentive (LTI). We raise our concerns over the fact that the revised remuneration system for the Management Board has not been put to shareholder approval at this year's AGM. In line with our guidelines we would in principle recommend opposing the discharge of the Chairman of the Supervisory B...

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