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MarketScreener Homepage  >  Equities  >  Xetra  >  Wirecard    WDI   DE0007472060

WIRECARD

(WDI)
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Wirecard : says internal probe exonerates Asia-Pacific accounting manager

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03/14/2019 | 06:15am EDT
The headquarters of Wirecard AG, an independent provider of outsourcing and white label solutions for electronic payment transactions is seen in Aschheim

FRANKFURT (Reuters) - German payments company Wirecard said its Asia-Pacific accounting manager had been exonerated in an internal investigation into allegations of fraud and creative accounting.

"From our point of view he has been cleared by the internal investigation," a company spokeswoman said in response to an inquiry. Wirecard shares rallied by 4 percent in high volumes on reports of the outcome of the internal probe.

Separately, the findings of an investigation by outside law firm Rajah & Tann are expected soon.

Rajah & Tann's initial findings last May were the key source for a series of reports in the Financial Times alleging that Wirecard's finance team had engaged in 'round-tripping', or booking fake transactions, in order to inflate revenues.

Wirecard has denied wrongdoing and threatened unspecified legal action over the FT reports. Singapore police last month opened an investigation into Wirecard and raided its premises there.

(Reporting by Douglas Busvine; editing by Thomas Seythal)

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Financials (€)
Sales 2019 2 658 M
EBIT 2019 653 M
Net income 2019 513 M
Finance 2019 1 092 M
Yield 2019 0,17%
P/E ratio 2019 38,06
P/E ratio 2020 28,18
EV / Sales 2019 6,97x
EV / Sales 2020 5,39x
Capitalization 19 628 M
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Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 193 €
Spread / Average Target 21%
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NameTitle
Markus Braun Chief Executive & Technology Officer
Wulf Matthias Chairman-Supervisory Board
Jan Marsalek Chief Operating Officer
Alexander von Knoop Chief Financial Officer
Alfons W. Henseler Deputy Chairman-Supervisory Board
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