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    CSQ   DE000A2LQUA5

CREDITSHELF AG

(CSQ)
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Creditshelf Aktiengesellschaft Announces Management Changes

03/23/2021 | 01:04pm EDT

creditshelf Aktiengesellschaft's Supervisory Board extended the Management Board contracts for the company's two co-founders until December 31, 2023. Dr. Tim Thabe and Dr. Daniel Bartsch will continue to lead the company as the Management Board with the support of the strong second-tier management team. Dr. Mark W-hrisch of his own accord will not prolong his management board contract and will leave the company on April 30, 2021. The division of responsibilities on the Management Board, which will comprise two people going forward, will not change in principle: As in the past, Dr. Tim Thabe will act as the CEO and Dr. Daniel Bartsch as the COO. The two founders will be assisted by creditshelf's experienced second-tier management team, which focuses on technology, finance, product development, and marketing. As a result, the company considers itself to be well-positioned for further sustainable growth. After five years at creditshelf, Dr. Mark Währisch has decided not to prolong his Management Board contract any further and will leave the company when his current contract expires at the end of April. Dr. Währisch had been creditshelf's Chief Risk Officer and a Management Board member since May 2016 and made a significant contribution to the company's successful development.


© S&P Capital IQ 2021
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Financials
Sales 2021 7,30 M 8,50 M 8,50 M
Net income 2021 -3,50 M -4,08 M -4,08 M
Net Debt 2021 - - -
P/E ratio 2021 -15,9x
Yield 2021 -
Capitalization 55,6 M 64,7 M 64,7 M
Capi. / Sales 2021 7,62x
Capi. / Sales 2022 4,73x
Nbr of Employees 57
Free-Float 66,5%
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Mean consensus BUY
Number of Analysts 2
Last Close Price 40,40 €
Average target price 65,50 €
Spread / Average Target 62,1%
EPS Revisions
Managers and Directors
Tim Thabe Chairman-Management Board
Fabian Brügmann Chief Financial Officer
Rolf Elgeti Chairman-Supervisory Board
Gregor Heinrich Chief Technology Officer
Daniel Bartsch COO & Vice Chairman-Management Board
Sector and Competitors