After a difficult year of transition for Keyware, which was mainly seen through the Payment Terminal (PT) division’s lower revenues and profitability, we have decreased our earnings forecasts for the years to come.
The PT division should remain under pressure, but the company should quickly and quite strongly benefit from the development of its Software division and from its recent acquisitions.
Thanks to these, we keep a positive opinion on the company which should quickly see synergies between its acquisitions and its home market.
FY 17 looked like a transition year and Keyware’s evolution towards software is sound in the competitive PT market.
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