November 6th, 2019 | 16:18 CET
SALZGITTER AG, TICK TRADING SOFTWARE AG, WIRECARD AG - WHAT INFLUENCE DO THE RESULTS HAVE?
Today, three German listed companies reported on their business development. Salzgitter AG has published figures for the first nine months. tick-TS AG provided information on the past 2018/19 financial year and Wirecard AG informed the public about the profit forecast for the 2020 financial year. For investors, information on operating performance in the past is important in order to estimate how the future could develop and to what extent the Executive Board has complied with past forecasts.
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Mario Hose
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Author
Mario Hose
Born and raised in Hannover, Lower Saxony follows social and economic developments around the globe. As a passionate entrepreneur and columnist he explains and compares the most diverse business models as well as markets for interested stock traders.
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REVENUES DECLINE AND LOSSES ARE EXPECTED
According to preliminary figures, Salzgitter AG recorded a pre-tax profit of EUR 40.7 million in the first nine months of 2019. Although the figure for the same period in the previous year was EUR 284.6 million, current market expectations were probably nevertheless exceeded. External sales of the Salzgitter Group fell from EUR 6.9 billion in the previous year to EUR 6.6 billion, primarily as a result of lower revenues. For the 2019 financial year, a pre-tax loss in the mid double-digit million euro range and lower external sales below EUR 9.0 billion are expected.
RECORD EARNINGS AND DIVIDENDS FOR SHAREHOLDERS
tick-TS AG closed the 2018/2019 fiscal year, which ended on September 30, 2019, with a net income of EUR 1.63 million, which was higher than the previous year's net income of EUR 1.34 million. Earnings per share amounted to EUR 1.62 compared with EUR 1.34 in the previous year, and earnings before taxes amounted to EUR 2.38 million compared with EUR 1.94 million in the previous year. The Management Board and Supervisory Board are expected to propose a dividend of EUR 1.62 per share for the past fiscal year.
EXPECTATION MANAGEMENT THROUGH FORECASTS
This morning, the Management Board of Wirecard AG announced its forecast for the coming fiscal year. According to the announcement, operating earnings before interest, taxes, depreciation and amortization (EBITDA) of between EUR 1 billion and EUR 1.12 billion are expected for fiscal 2020.
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