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Doubts remain: Wirecard shares continue to fall – KPMG report continues to have an effect | message

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After the eagerly awaited special audit of the balance sheet the previous day could not clear up any doubts and had already put the share under heavy pressure, the paper dropped temporarily by a further 14 percent in the middle of the week to around EUR 84. Most recently, they reduced the losses to 6.6 percent at 91.20 euros.

“There are still too many unknowns,” JPMorgan analyst Sandeep Deshpande said the KPMG accountants report. There is no evidence for the allegations of balance sheet manipulation. However, it was worrying that KPMG had been forced to point out that the company was not fully willing to cooperate. The report left crucial questions unanswered, without which the Wirecard share would probably not make up for its discount on the industry valuation.

The “Financial Times”, which Wirecard has been critical of for years, meanwhile reported that hedge fund manager Christopher Hohn is demanding that Markus Braun, Wirecard boss, be replaced.

/ ag / jha /

FRANKFURT (dpa-AFX broker)

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