- Security software in the mobile payment sector is functional
- Pre-contract with partner company and German financial group
- High investments in recent years are paying off
- Ended 2018 with planned losses
- Annual General Meeting on July 26, 2019
Munich, June 3, 2019. Rubean AG, Munich (ISIN: DE0005120802, WKN: 512080), expects that its high investments in the development of a security service in the mobile payment acceptance sector will result in strong revenue growth and positive results for the first time by 2020. The developed and patented software service is now functional in a pre-version. A pre-contract has already been concluded with a major financial group through a partner company for market launch. In addition, there are further very promising and advanced negotiations with major financial institutions in other European countries.
According to preliminary calculations, Rubean ended the 2018 fiscal year with planned losses of EUR 426,221. Due to the strong order situation, the management board expects to break even and continue to have a very positive development by at the latest in the 2020 fiscal year.
Rubean’s subsidiary, RDS GmbH, specialized in device control technology in the financial sector, concluded the 2018 fiscal year with positive EBITDA, and the other subsidiary, SPS GmbH, specialized in the development of mobile payment systems, generated initial revenues.
Further details will be announced at the Annual General Meeting planned in Munich on July 26, 2019.
About Rubean:
Rubean AG is an established software manufacturer in the financial sector for over 20 years. The company provides software solutions for seamless communication with peripheral devices in bank branches in Germany and Austria. Rubean is now growing with the development of innovative solutions for mobile payments. This includes the mobile point-of-sale terminal solution PhonePOS, which was developed in collaboration with a partner company, and the patented RubeanTag technology, which connects not only Android smartphones but also iPhones to contactless payment and customer loyalty programs. Rubean has been listed on the Munich Stock Exchange since 2016.
