Report
Emmanuel Matot ...
  • Stephane Houri

Wirecard AG : Is there anyone to help on communications?

>No accounting correction requested by KPMG, but harm already done - Yesterday morning, Wirecard published the keenly awaited audit report on the four “issues” that were highlighted by the FT since January 2019. Note that these issues are 1/ relations with third-party platforms (third-party partner business TPA), 2/ the Merchant Cash Advance (MCA) and Digital Lending activities, 3/ operations in India and 4/ the activity in Singapore. Whilst we had anticipated, based ...
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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