Edition:
India

Business Support Services

Page 1

Wirecard Says Statement Of Management Board About Current Situation Of Co

Monday, 22 Jun 2020

June 21 (Reuters) - Wirecard AG ::DGAP-ADHOC: WIRECARD AG: STATEMENT OF THE MANAGEMENT BOARD ABOUT THE CURRENT SITUATION OF THE COMPANY.WIRECARD - BOARD ASSESSES ON BASIS OF FURTHER EXAMINATION THAT THERE IS LIKELIHOOD THAT BANK TRUST ACCOUNT BALANCES OF 1.9 BILLION EUR DO NOT EXIST.WIRECARD - MANAGEMENT BOARD FURTHER ASSESSES THAT PREVIOUS DESCRIPTIONS OF SO CALLED THIRD PARTY ACQUIRING BUSINESS BY COMPANY ARE NOT CORRECT.EXAMINING A BROAD RANGE OF POSSIBLE FURTHER MEASURES TO ENSURE CONTINUATION OF ITS BUSINESS OPERATIONS.WIRECARD - POSSIBLE MESAUREMENTS INCLUDING COST REDUCTIONS AS WELL AS RESTRUCTURING, DISPOSAL OR TERMINATION OF BUSINESS UNITS & PRODUCTS SEGMENTS.WIRECARD - WIRECARD WITHDRAWS ASSESSMENT OF PRELIMINARY RESULTS OF FINANCIAL YEAR 2019 OF FEBRUARY 14 2020.WIRECARD WITHDRAWS ASSESSMENT OF PRELIMINARY RESULTS OF Q1 OF 2020 (REVENUE AND EBITDA) OF MAY 14 2020.CONTINUES TO BE IN CONSTRUCTIVE DISCUSSIONS WITH ITS LENDING BANKS WITH REGARD TO CONTINUATION OF CREDIT LINES.WIRECARD WITHDRAWS ASSESSMENT OF EBITDA PROGNOSIS FOR FINANCIAL YEAR 2020 OF NOVEMBER 6 2019.ASSESSING OPTIONS FOR A SUSTAINABLE FINANCING STRATEGY FOR COMPANY.WIRECARD - WITHDRAWS ASSESSMENT OF VISION 2025 PROGNOSIS FOR FINANCIAL YEAR 2025 ON TRANSACTION VOLUME, REVENUE AND EBITDA OF OCTOBER 8 2019.POTENTIAL EFFECTS ON ANNUAL FINANCIAL ACCOUNTS OF PREVIOUS YEARS CANNOT BE EXCLUDED.

Management Resource Solutions Sees FY Results Falling Short Of Earlier Expectations

Friday, 27 Sep 2019

Sept 27 (Reuters) - Management Resource Solutions PLC ::CONTINUE TO WORK WITH ADMINISTRATORS TO RESTRUCTURE DEBT; FURTHER UPDATE ON PROGRESS WILL BE PROVIDED NEXT WEEK.DIRECTORS EXPECT RESULTS FOR YEAR TO 30 JUNE WILL FALL SHORT OF EARLIER EXPECTATIONS.DELAY IN CONCLUDING RE-FINANCING ARRANGEMENTS MEANT THAT FORECAST INTEREST SAVING OF A$1.0M HAS NOT BEEN ACHIEVED.WILL COMPLETE PROCESS OF APPOINTING ADDITIONAL EXPERIENCED NON-EXECUTIVE DIRECTORS TO STRENGTHEN CORPORATE GOVERNANCE.FY REVENUE BELOW FORECAST, LARGELY BECAUSE OF WEAKER RESIDENTIAL HOUSING DEMAND, DEFERRAL OF MAJOR CONTRACT TO CURRENT YEAR.FY EBITDA BEFORE NON-RECURRING ITEMS HELD UP REASONABLY WELL AGAINST FORECAST.DIRECTORS INTEND TO STRENGTHEN BALANCE SHEET AND WILL PUT PROPOSALS TO SHAREHOLDERS IN DUE COURSE.THERE HAVE BEEN A NUMBER OF SIGNIFICANT ONE-OFF EVENTS IN FY THAT HAVE AFFECTED RESULTS, NOTABLY ALERION INVESTIGATION.PROPOSALS WILL INCLUDE WIDER INITIATIVES TO STABILISE BUSINESS AND TO GAIN TRUST OF ALL SHAREHOLDERS.

Markets

  • Sectors
  • Asia
  • U.S.
  • Europe

Sector Summary