Sandpiper Digital Payments AG

EQS-News: Sandpiper Digital Payments AG announces unaudited semiannual figures for 2016

EQS Group-News: Sandpiper Digital Payments AG / Key word(s): Half Year Results
Sandpiper Digital Payments AG announces unaudited semiannual figures for 2016

31.08.2016 / 23:45
SANDPIPER Digital Payments AG announces unaudited semiannual figures for 2016

- Total operating income at EUR 11.2m (previous year: EUR 9.9m)

-Continued its international growth strategy

-New acquisitions supporting the group strategy

-Operating result (Swiss GAAP FER) at EUR -2.1m (previous year: EUR -1.1m)

St. Gallen, August 31, 2016 - SANDPIPER Digital Payments AG (BX Berne eXchange,
ticker: SDP,, Open Market, Frankfurt, ISIN: CH0033050961),
announces the unaudited consolidated interim financial statements according to
Swiss GAAP FER for the first half year 2016.

In the first half of 2016, SANDPIPER Digital Payments continued its
international growth strategy. In January SANDPIPER Digital Payments AG
purchased a mayority of IDpendant GmbH ( IDpendant GmbH
specializes in IT security solutions, smart cards and USB tokens. It is
independent of all manufacturers and offers a wide range of services, including
authentication technology, client security products, single sign-on systems,
encryption solutions, card and mobile device management systems as well as
security hardware.

SANDPIPER Digital Payments AG increased its stake in PlayPass from 23% to 39%.
PlayPass NV,, is the leading festival solution company providing
contactless solutions for cashless payments, accreditation, access management
and brand activation. PlayPass NV is executing their internationalization
strategy and managed to secure market entry into the UK market. PlayPass equips
the 2016 edition of the dance festival "Eastern Electric" at Hatfield House and
has recently been nominated for Startup of the Year in Belgium. SANDPIPER
Digital Payments AG strengthened its position in the cashless festival solution
sector by founding SANDPIPER Asia Ltd and taking over the assets of
Singapore-based GoGorilla Ltd., the leading festival solution provider in South
East Asia.

By the end of June the residual shares of Ergonomics AG were purchased.
SANDPIPER Digital Payment owns now 100% of the shares (prior year 51%).
Ergonomics is a leading Swiss IT solutions provider in the areas of electronic
payment and IT security. For 25 years, Ergonomics has been implementing bespoke
software solutions for financial institutions, government agencies, retail,
trading companies and manufacturing.

SANDPIPER Digital Payments AG increased its stake in InterCard AG
Informationssysteme from 40% to 50.4%. InterCard is the market leader for
multifunctional card systems for universities, institutions of higher education
and other educational institutions in Germany. Over 150 universities,
institutions of higher education and student services in Germany alone have put
their trust in the high security standard and the reliability of the InterCard

According to Swiss GAAP FER, SANDPIPER ends June 30th, 2016 with a net loss of
-3.6m (previous year: EUR -0.6m). The company generated revenues in the amount
of EUR 11.1m (previous year: EUR 9.8m). Operating expenses were in the amount of
EUR -13.3m (previous year: EUR -11.0m). They mainly consist of material expenses
(EUR 5.2m), personnel expenses (EUR 5.5m), and other operating expenses (EUR
2.0m). Earnings before interests and taxes (EBIT) decreased from EUR -0.7m to
EUR -2.1m. Operating result decreased from EUR -1.1m to EUR -2.1m.

Shareholders equity attributable to SANDPIPER's shareholders decreased from EUR
-3.6m as of December 31, 2015 to EUR -11.4m mainly because of the loss incurred
and goodwill offsetting.

The NAV per share is at EUR -0.07 (shareholders' equity divided through the
number of shares at the end of the period). The holding's balance sheet total is
at EUR 16.9m (December 31st, 2015: EUR 14.3m). Basic and diluted earnings per
share are EUR -0.02 (prior year EUR -0.00).


The market for digital payments is driven by innovations, such as value added
services and mobile applications. SANDPIPER expects that the dynamics continue
throughout 2016 offering great potential for the execution of SANDPIPER's buy &
build strategy.

SANDPIPER's excellent client access, the large customer base of more than 6
million users, the modular solution offering and the dynamic market growth
facilitates the future growth in the business segments for Sports & Events,
Campus & Corporation, Retail & Leisure as well as Security & Services. Recently,
Sandpiper has also launched mobile payment solution which is operational in
soccer stadiums and multifunctional arenas.

SANDPIPER has secured market access to South America, China, South East Asia and
Australia and expands its geographic footprint in 2016, 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.

The unaudited interim financial statements as per June 30, 2016 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 Exchange.

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: +41-44-78380 30; Fax: +41-44-78380 40;
Additional features:

Document title: CN_SANDPIPER_interim_financials_2016

31.08.2016  This Corporate News was distributed by Tensid EQS AG.


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
497933  31.08.2016 

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