Deutsche Payment A1M SE: Review and Outlook of the Management Board at Year-End

Corporate News

Deutsche Payment A1M SE:

Review and Outlook of the Management Board at Year-End

Deutsche Payment A1M SE is about to close its first operating year. On this occasion, the Management Board has summarized its assessment of the current business situation in a "Letter to the Shareholders." Although the sales/earnings forecasts for 2022 and 2023 were reduced in November despite operational and organizational progress, the Management Board believes the company is well equipped to continue rolling out the business model even in these difficult times.

Berlin, December 2, 2022 – The Management Board of Deutsche Payment A1M SE has published a "Letter to the Shareholders" on the company's website. This is intended to help shareholders better understand the current situation of the still young growth company against the backdrop of an economic environment characterized by many disruptive factors.

Production bottlenecks and declining consumer spending are also affecting the business activities of merchants, that are typically among the business customers brokered by Deutsche Payment. Therefore, the current political and macroeconomic situation also affects Deutsche Payment's sales. However, the Management Board believes that the company is well equipped to successfully bridge these difficult times because of its asset-light model.

With regard to the operating business, Deutsche Payment’s Management Board comments in detail on the lowered forecast published in November 2022 and identifies the main reasons for missing the sales targets. In respect to the assessment of the target figures, the development stage of the company is highlighted. As the company is in an early growth phase, deviations from forecasts are not unusual. In essence, however, the Management Board believes that the foundation for future growth has been laid and recommends taking a long-term view in order to assess the development of the operating business.

The same perspective is also recommended regarding the development of the share price. Since the completion of the reverse IPO, there have been strong movements in the share, both upwards and - after publication of the forecast adjustment - downwards. Deutsche Payment A1M SE sees itself as a long-term oriented growth company and would also like to offer private investors the opportunity to participate in its development. 

The complete "Letter to the Shareholders" is available on the company's website at https://investor.deutsche-payment.com/en/accouncements/.

Contact: Dr. Erik Hermann (Investor Relations)
Phone: +49 (0)30 652121346
Email: ir@deutsche-payment.com

About Deutsche Payment

Successful companies inspire their customers not only with an attractive offer. Digital payment solutions that have a positive impact on the customer experience - online, mobile, and at the point of sale - are the key to successful customer retention.

Our mission is to provide companies with innovative and cost-optimized payment solutions that are tailored to their individual needs and meet the highest security standards. For our solutions and our consulting, we place particular emphasis on customer orientation and positive customer experiences.

More information:

www.deutsche-payment.com/en/