24.04.2019 Wirecard AG  DE0007472060

DGAP-News: Wirecard AG: Wirecard and SoftBank intend to form large-scale strategic partnership for digital payment solutions


 

DGAP-News: Wirecard AG / Key word(s): Letter of Intent/Issue of Debt
Wirecard AG: Wirecard and SoftBank intend to form large-scale strategic partnership for digital payment solutions

24.04.2019 / 07:05
The issuer is solely responsible for the content of this announcement.


- Proposal for a SoftBank company to invest approximately EUR 900m[1] in Wirecard via convertible bonds

- Companies to partner to unlock collaboration opportunities in digital payments, data-analytics/AI and innovative digital financial services within SoftBank's ecosystem of portfolio companies

- SoftBank to support Wirecard's launch into the Japanese and South Korean markets

 

Aschheim (Munich) Today Wirecard AG (Wirecard) and SoftBank Group Corp., Japan, have signed a binding term sheet under which an affiliate of SoftBank (SoftBank) shall invest approximately EUR 900 million in Wirecard via a convertible bond mechanism.

For this purpose, Wirecard shall issue convertible bonds with a term of five years exclusively to SoftBank, convertible to 6,923,076 ordinary Wirecard shares (currently corresponding to approximately 5.6% of common stock) at EUR 130 per Wirecard share. The intended issuance of convertible bonds, under exclusion of subscription rights, is subject to the approval of Wirecard's Annual Shareholders meeting to be held on 18 June 2019.

In connection with the investment, the parties have also signed a memorandum of understanding (MoU) on a strategic partnership for digital payment solutions. Under the MoU, SoftBank Group will seek to support Wirecard's geographic expansion into Japan and South Korea, as well as providing collaboration opportunities within SoftBank Group's global portfolio in digital payments, data-analytics/AI and other innovative digital financial services.

It is anticipated that the partnership will also extend to joint exploration of new product and service offers in digital lending in order to leverage from high quality customer portfolios, strong liquidity and other innovative financing solutions.

Markus Braun, CEO at Wirecard, commented, "As global innovators, we focus heavily on expanding our networks and creating opportunities for companies with groundbreaking ideas. In SoftBank we have found a partner that shares both our passion for new technologies and drive to spearhead the latest innovations, all on a global scale. In addition, through this potential partnership, we will expand our reach and products to the East Asian markets, thereby further strengthening our position in Asia."

Credit Suisse is serving as financial adviser to SoftBank and Sullivan & Cromwell LLP as legal adviser. Noerr LLP and Gibson, Dunn & Crutcher LLP are serving as legal advisers to Wirecard.

[1] Intended issuance is subject to the approval of Wirecard's Annual Shareholder meeting

Wirecard contact:

Investor Relations
Iris Stoeckl
Ph. +49 89 44214 1424
iris.stoeckl@wirecard.com

Media Relations
Jana Tilz
Tel.: +49 (0) 89 4424 1363
jana.tilz@wirecard.com

About Wirecard: 

Wirecard (GER:WDI) is one of the world's fastest growing digital platforms in the area of financial commerce. We provide both business customers and consumers with a constantly expanding ecosystem of real-time value-added services built around innovative digital payments by using an integrated B2B2C approach. This ecosystem concentrates on the areas payment & risk, retail & transaction banking, loyalty & couponing, data analytics & conversion rate enhancement in all sales channels (online, mobile, ePOS). Wirecard operates regulated financial institutions in several key markets and holds issuing and acquiring licenses from all major payment and card networks. Wirecard AG is listed on the Frankfurt Stock Exchange (DAX and TecDAX, ISIN DE0007472060). Visit us on www.wirecard.com, follow us on Twitter @wirecard and on Facebook @wirecardgroup.


ISIN DE0007472060
Reuters: WDI.GDE
Bloomberg: WDI GY


24.04.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Wirecard AG
Einsteinring 35
85609 Aschheim b. München
Germany
Phone: +49 (0)89-4424 1400
Fax: +49 (0)89-4424 1500
E-mail: ir@wirecard.com
Internet: www.wirecard.com
ISIN: DE0007472060
WKN: 747206
Indices: DAX, TecDAX, Prime All Share, Technology All Share
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 802629

 
End of News DGAP News Service

802629  24.04.2019 

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Die wichtigsten Finanzdaten auf einen Blick
  2012 2013 2014 2015 2016 2017 2018 2019e
Umsatzerlöse1 394,60 481,74 601,03 771,34 1.028,36 1.488,60 2.016,20 2.490,00
EBITDA1,2 109,23 125,96 172,94 227,32 307,36 410,30 560,50 807,00
EBITDA-Marge3 27,68 26,15 28,77 29,47 29,89 27,56 27,80 32,41
EBIT1,4 93,58 98,55 132,86 172,84 235,19 311,50 438,50 648,00
EBIT-Marge5 23,72 20,46 22,11 22,41 22,87 20,93 21,75 26,02
Jahresüberschuss1 73,30 82,73 107,93 142,65 266,75 256,10 347,40 452,00
Netto-Marge6 18,58 17,17 17,96 18,49 25,94 17,20 17,23 18,15
Cashflow1,7 94,90 107,45 143,99 207,83 266,50 563,50 749,60 0,00
Ergebnis je Aktie8 0,66 0,74 0,89 1.16 2,16 2,10 2,81 4,30
Dividende8 0,11 0,12 0,13 0,14 0,16 0,18 0,20 0,24
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2018 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Ernst & Young

INVESTOR-INFORMATIONEN
©boersengefluester.de
WireCard
WKN Kurs in € Einschätzung Börsenwert in Mio. €
747206 120,800 Kaufen 14.926,72
KGV 2020e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
24,45 32,65 0,742 77,17
KBV KCV KUV EV/EBITDA
6,52 19,91 7,40 25,099
Dividende '18 in € Dividende '19e in € Div.-Rendite '18
in %
Hauptversammlung
0,20 0,24 0,17 02.07.2020
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
08.05.2019 07.08.2019 06.11.2019 08.04.2020
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-11,36% -9,78% -9,04% -18,98%
    
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FinTech , 747206 , WDI , XETR:WDI