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06. November 2019 | 16:18 CET

SALZGITTER AG, TICK TRADING SOFTWARE AG, WIRECARD AG - WHAT INFLUENCE DO THE RESULTS HAVE?

  • Results
Photo credits: pixabay.com

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.

time to read: 1 minutes by 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.

About the author


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.


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.

About the author



Conflict of interest & risk note

In accordance with §34b WpHG we would like to point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH may hold long or short positions in the aforementioned companies and that there may therefore be a conflict of interest. Apaton Finance GmbH may have a paid contractual relationship with the company, which is reported on in the context of the Apaton Finance GmbH Internet offer as well as in the social media, on partner sites or in e-mail messages. Further details can be found in our Conflict of Interest & Risk Disclosure.