Wirecard AG : Excellent Q1, continuing the successful communication sequence. Buy recommendation confirmed
>Extending the good communication sequence - Following Wirecard’s Q1 2019 results, with strong growth as expected and couple with a slight guidance upgrade, we are still at Buy. This well-managed communication extends the sequence begun with the full-year earnings release, followed by news of a major partnership with Softbank and the publication more recently of an article calling into question the credibility of FT journalists (read article). In view of its value pro...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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