Oddo BHF - Wirecard AG (WCAGY) Wirecard AG : An upward revision to the guidance is possible but already largely priced in

Report

Oddo BHF

Stephane Houri

Wirecard AG : An upward revision to the guidance is possible but already largely priced in

>The full H1 2018 results ought to be solid - Wirecard will release its H1 2018 results on 16 August before trading and follow them up with a conference call at 1pm (Paris time).Note that the group already posted its preliminary Q2 2018 results in late July including: 1/ Q2 2018 sales of â‚¬ 476.9m (+40%), i.e. â‚¬ 897.3m in H1 2018 (+45.8%, of which 25% organic growth and the rest stemming from the acquisitions of Citi APAC and Citi US) and 2/ Q2 2018 EBITDA of â‚¬ 13...

08/08/2018 5 EN

Underlying

Wirecard AG

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US97654L1089 Pink OTC Markets United States

Provider

Oddo BHF

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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Analysts

Stephane Houri

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Wirecard AG : An upward revision to the guidance is possible but already largely priced in

Wirecard AG : Q2 2018 results in line, 2018 guidance upgraded as expected (but midpoint below consensus) â€“ We remain Neutral on valuation grounds

Wirecard AG : Q2 2018 results in line, 2018 guidance upgraded as expected (but midpoint below consensus) â€“ We remain Neutral on valuation grounds

France: modest growth, fiscal stability at risk

France : un peu de croissance, pas de stabilité budgétaire

But : Nouvelle émission obligataire avec intégration de Conforama

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