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MarketScreener Homepage  >  Equities  >  Xetra  >  FinTech Group AG    FTK   DE000FTG1111

FINTECH GROUP AG (FTK)
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FinTech : withdraws from planned 50/50 joint venture

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11/27/2018 | 10:12am CET

Disclosure of an inside information according to Article 17 MAR of the Regulation (EU) No 596/2014

Frankfurt/Main / Vienna, 27 November 2018

FinTech Group AG withdraws from planned 50/50 joint venture with Österreichische Post Aktiengesellschaft

Management and Supervisory Board of FinTech Group AG (ISIN: DE00FTG1111, German Securities Code: FTG111, ticker symbol: FTK.GR) decided today to withdraw from the planned foundation and capitalisation of the 50/50 joint venture mutually agreed with Österreichische Post Aktiengesellschaft (ticker symbol: POST.AV, ISIN: AT0000APOST4).

Contact:

Jörg Peters IR & PressTel. +49 69 450001 1701joerg.peters.ext@fintechgroup.com

FinTech Group AG Rotfeder-Ring 7 D-60327 Frankfurt/Main

Disclaimer

This release may contain forward-looking statements and information that use words such as 'expect', 'want', 'anticipate', 'intend', 'plan', 'believe', 'seek', 'estimate', 'will' or similar Terms are recognizable. Such forward-looking statements are based on our current expectations and assumptions that may involve a number of risks and uncertainties. The actual results achieved by FinTech Group AG may differ significantly from the statements in the forward-looking statements. FinTech Group AG undertakes no obligation to update these forward-looking statements or to correct them in any other than expected development.

01

Disclaimer

FinTech Group AG published this content on 27 November 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 27 November 2018 09:10:06 UTC

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Financials (€)
Sales 2018 124 M
EBIT 2018 38,1 M
Net income 2018 25,4 M
Finance 2018 332 M
Yield 2018 -
P/E ratio 2018 11,78
P/E ratio 2019 9,64
EV / Sales 2018 -0,21x
EV / Sales 2019 -0,75x
Capitalization 306 M
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Mean consensus BUY
Number of Analysts 5
Average target price 38,3 €
Spread / Average Target 135%
EPS Revisions
Managers
NameTitle
Frank Niehage Chief Executive Officer
Martin Korbmacher Chairman-Supervisory Board
Muhamad Said Chahrour Chief Financial Officer
Stephan Simmang Chief Technology Officer
Stefan Müller Deputy Chairman-Supervisory Board
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