Sandpiper Digital Payments AG

EQS-News: SANDPIPER Digital Payments AG announces unaudited semiannual figures for 2015

EQS Group-News: Sandpiper Digital Payments AG / Key word(s): Half Year
SANDPIPER Digital Payments AG announces unaudited semiannual figures
for 2015

01.09.2015 / 07:51


SANDPIPER Digital Payments AG announces unaudited semiannual figures for

  - Total operating income at EUR 9.0m (previous year: EUR 0.0m)

  - Continued its international growth strategy

  - New acquisitions supporting the group strategy

  - Net loss (Swiss GAAP FER) at EUR -1.1m (previous year: EUR -0.3m)

St.Gallen / Switzerland, August 31st, 2015 - SANDPIPER Digital Payments AG
(BX Berne eXchange, ticker: SDP,, Open Market, Frankfurt,
ISIN: CH0033050961), announces the unaudited consolidated interim financial
statements as per June 30th, 2015 according to Swiss GAAP FER.

In the first half of 2015, SANDPIPER continued its international growth
strategy. In March 2015, PAIR Solutions GmbH, Germany was founded by the
company to purchase the assets of People & Projects IT (PPIT),
( a leading provider of IT-solutions for cashless
payment solutions in school cafeterias and staff canteens. With this
acquisition, SANDPIPER enlarged its footprint into the European school
market by adding this successful cashless payment solutions at day schools
in Germany, with cross-selling potential in SANDPIPER's education

SANDPIPER also expanded its footprint in the event market by taking a
strategic investment in PlayPass NV, Belgium (, a global
player in cashless payments and access control for music festivals, to
support the company in its international growth. PlayPass currently serves
festivals with its RFID & access control solutions in various countries in
Europe and Asia.

In addition, SANDPIPER extended its technological platform through an
investment in SmartLoyalty AG, Germany and secured market access to German
merchants. SmartLoyalty provides inexpensive systems to bind customers,
combined with innovative marketing concepts, SmartLoyalty offers the
instruments to enhance customer loyalty.

According to Swiss GAAP FER, SANDPIPER ends June 30th, 2015 with a net loss
of EUR -1.1m (previous year: EUR -0.3m). The company generated revenues in
the amount of EUR 9.0m (previous year: EUR 0.0m). Operating expenses were
in the amount of EUR -11.0m (previous year: EUR -0.4m). They mainly consist
of material expenses (EUR 3.3m), personnel expenses (EUR 5.0m), and other
operating expenses (EUR 2.3m). Earnings before interests and taxes (EBIT)
decreased from EUR -0.4m to EUR -1.2m. Operating result decreased from EUR
-0.4m to EUR -2.0m.

Shareholders equity attributable to SANDPIPER's shareholders decreased from
EUR -2.8m to -4.4m mainly because of the loss incurred.

The NAV per share is at EUR -0.03 (shareholders' equity divided through the
number of shares at the end of the period). The holding's balance sheet
total is at EUR 11.9m (December 31st, 2014: EUR 13.3m). Basic and diluted
earnings per share are EUR -0.01 (prior year EUR -0.00).


The market for digital payments is driven by innovations, which result in a
requirement for scale in the operations of companies. The speed of
execution and the access to customers remains key assets for the
implementation of payment systems. SANDPIPER expects that the dynamics
continue throughout 2015 yielding great potential for the execution of
SANDPIPER's buy & build strategy. SANDPIPER is perfectly positioned in its
markets for sports, events, education and leisure with a customer base of
more than 5 million users and a modular solution offering in order to scale
the business further.

SANDPIPER has secured market access to South America, China and Australia
and expands its geographic footprint in 2015, with revenues materializing
in the second half of the year.

The integration and harmonization of SANDPIPER's group companies continues
while the SANDPIPER brand is strengthened.

Already in Q2 2015, SANDPIPER could raise convertible loans of CHF 2.7m and
obtained commitments for further CHF 1.5m convertible loans. In Q3 2015,
additional CHF 5 million convertible loans could be issued to a new Swiss
investor. These capital raises show the unbroken confidence in SANDPIPER.

The unaudited interim financial statements as per June 30, 2015 according
to Swiss GAAP FER can be downloaded on the website.

About SANDPIPER Digital Payments AG

SANDPIPER Digital Payments AG,, is a stock-listed
technology holding based in St. Gallen, Switzerland. The company is focused
on the consolidation of the fragmented payment landscape in Europe by
pursuing a "buy & build" strategy in the area of digital cashless payments
and access control. SANDPIPER was established as a special purpose
acquisition company in early 2014. The shares are listed on Berne Stock

SANDPIPER is already today one of the largest providers of closed-loop
payment systems in Europe. SANDPIPER solutions provide safe and intuitive
payment technologies based on RFID/NFC and mobile applications for markets
such as Retail, Education, Stadium, and Events.

Contact: Volker Rofalski; Tel: +41-44-783 80 30; Fax: +41-44-783 80 40;


01.09.2015 This Corporate News was distributed by EQS Schweiz AG. - news archive:

The issuer is responsible for the contents of the release.


Language:    English
Company:     Sandpiper Digital Payments AG
             Poststrasse 17
             9001 St. Gallen
Phone:       +41 44 783 80 49
Fax:         +41 44 783 80 40
ISIN:        CH0033050961
Valor:       A0MYNQ
Listed:      Foreign Exchange(s) BX

End of News    EQS Group News-Service
391289 01.09.2015

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