FinTech Group AG

02.03.2017 - Equity Research Report (english) // buy

Research Comment – FinTech Group AG - english

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Unternehmen: FinTech Group AG
Branche: Dienstleistungen
Rating: buy
Kurs bei Erstellung in €: 15,635
Kursziel in €: 27,00
Mögl. Interessenskonflikt gem. §34b Abs.1 WpHG und FinAnv: 5a;5b;6a;11

Despite the structural changes the management of the FinTech Group announced that the guidance for the current FY2017 could possibly be raised with the publication of the annual report 2016. Currently, the guidance comprises sales of at least €100m as well as a net profit of more than €15.1m. Our estimates for the FY2017 are slightly above the company’s guidance and therefore we will reassess our estimates at the time the annual report for FY2016 will be made public. Until then we confirm our estimates and the target price of €27.00 as well as the BUY rating.


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