CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved.

Wirecard share price: where next after FT allegations?

The German payments company has hired KPMG to carry out an independent audit in response to allegations made by the Financial Times that it exaggerated its sales and profits.

Wirecard has hired KPMG to carry out an independent audit in response to allegations made by the Financial Times that the German payments company exaggerated its reported sales and profits.

A series of articles written by FT reporter Dan McCrum helped send Wirecard’s share price 20% lower last week, closing at €111 a share on Friday. However, the stock gained more than 7% on Monday, trading at €119 levels as of 14:25 GMT.

You can go long or short Wirecard using derivatives such as CFDs with IG.

Wirecard rejects FT allegations

Wirecard was quick to reject the allegations that its finance team inflated its reported sales and profits at its businesses in Dubai and Ireland.

‘This is an active strategic step. The allegations are old, we have investigated them and found them to be completely baseless,’ Wirecard CEO Markus Braun told Reuters.

‘The independent examination by KPMG should lay to rest any remaining speculation and give fresh confidence to the market. We intend to present the results as soon as possible.’

Interested in trading Wirecard or other German stocks? Open a live or demo account with IG

KPMG audit will end ‘further speculation’, says Wirecard

The payments company has been pressured by investors to conduct an independent audit to quash the allegations and restore confidence in the German blue-chip which joined the DAX index last year.

‘We have complete confidence in the audit procedures performed to date and their results,’ Wirecard supervisory board chairman Wulf Matthias said in a statement.

‘We assume this renewed independent review will lead to a final end to all further speculation.’


The information on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG Bank S.A. accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer.

Act on share opportunities today

Go long or short on thousands of international stocks with CFDs.

  • Get full exposure for a comparatively small deposit
  • Trade on spreads from just 0.1%
  • Get greater order book visibility with direct market access

See opportunity on a stock?

Try a risk-free trade in your demo account, and see whether you’re on to something.

  • Log in to your demo
  • Take your position
  • See whether your hunch pays off

See opportunity on a stock?

Don’t miss your chance – upgrade to a live account to take advantage.

  • Trade a huge range of popular stocks
  • Analyse and deal seamlessly on fast, intuitive charts
  • See and react to breaking news in-platform

See opportunity on a stock?

Don’t miss your chance. Log in to take your position.

Live prices on most popular markets

  • Forex
  • Shares
  • Indices
liveprices.javascriptrequired
liveprices.javascriptrequired
liveprices.javascriptrequired

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.