Report
Emmanuel Matot ...
  • Stephane Houri

Wirecard AG : Große Katastrophe!

>E&Y has not signed off on the 2019 accounts, as it has not received sufficient documentation to verify the existence of € 1.9bn… - While the special report from KPMG (end-April) had underlined the absence of documentation needed by the bank to attest to the existence of an amount of around € 1bn in the accounts in escrow, Wirecard yesterday announced that E&Y could not sign off on its 2019 accounts and was therefore postponing their release. The firm indicated that ...
Underlying
Wirecard AG

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.

Provider
Oddo BHF
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.

Analysts
Emmanuel Matot

Stephane Houri

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