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    ADJ   LU1250154413

ADLER GROUP S.A.

(ADJ)
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U.S. court authorizes IRS to seek identities of taxpayers who have used cryptocurrency

05/05/2021 | 06:42pm EDT
FILE PHOTO: Representations of the Ripple, bitcoin, etherum and Litecoin virtual currencies are seen on motherboard in this illustration picture

(Reuters) - A federal court in the United States has authorized the Internal Revenue Service (IRS) to serve a "John Doe Summons" on the crypto exchange Kraken, seeking identities of U.S. taxpayers who have used cryptocurrency, the Department of Justice said on Wednesday.

The IRS is seeking information about taxpayers who conducted at least $20,000 worth of transactions in cryptocurrency from 2016 to 2020, the DOJ said in a statement.

"Those who transact with cryptocurrency must meet their tax obligations like any other taxpayer", acting Assistant Attorney General David Hubbert of the Justice Department's Tax Division said in the statement.

(Reporting by Kanishka Singh in Bengaluru; and Leslie Adler)


© Reuters 2021
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Financials
Sales 2021 394 M 469 M 469 M
Net income 2021 376 M 447 M 447 M
Net Debt 2021 7 226 M 8 606 M 8 606 M
P/E ratio 2021 8,16x
Yield 2021 2,00%
Capitalization 2 620 M 3 121 M 3 120 M
EV / Sales 2021 25,0x
EV / Sales 2022 19,4x
Nbr of Employees 1 427
Free-Float 65,5%
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Technical analysis trends ADLER GROUP S.A.
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Mean consensus OUTPERFORM
Number of Analysts 8
Average target price 27,88 €
Last Close Price 25,48 €
Spread / Highest target 25,6%
Spread / Average Target 9,40%
Spread / Lowest Target -17,6%
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Managers and Directors
NameTitle
Thierry Beaudemoulin Co-Chief Executive Officer & Director
Maximilian Gerd Jean Rienecker Co-Chief Executive Officer & Director
Peter Maser Chairman
Michael Bütter Independent Director
Arzu Akkemik Independent Director
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