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In the Research & Ratings section, you can access assessments from renowned analyst firms that specialize in the due diligence and valuation of companies that are generally listed on the stock exchange. Starting from the research reports, you can access further research tools and information with just a few mouse clicks, which offer you additional options for obtaining and assessing information.
Thu, 07.03.2024
USU Software AG
Q4 preview: Sequential improvements following license recovery
Topic: USU Software is going to release its 2023 annual report on March
28th, which is seen to show further sequential improvements during Q4,
partly driven by a recovery of the license sales as well as continuously
growing SaaS sales.
Q4 sales are seen coming in at € 34.9m, [ … ]
Thu, 07.03.2024
bet-at-home.com AG
Solid FY23 prelims and FY24 guidance; chg.
Topic: Yesterday, bet-at-home reported solid FY23 prelims and released a
new guidance for FY24, which is in line with estimates. In detail:
Sales came in at € 46.2m (-14% yoy), slightly below our estimates of €
47.4m, mainly due to lower betting GGR of € 42.3m (-14% vs eNuW: € 44. [ … ]
Thu, 07.03.2024
VOQUZ Labs AG
FY prelims: Strong H2 & promising outlook / chg. est & PT
Topic: VOQUZ Labs announced preliminary FY ’23, indicating a strong
sequential recovery in H2 regarding both, top-line growth and
profitability. Management also issued a promising outlook for the coming
year. In detail:
H2 sales increased by 16% yoy to € 3.4m (eNuW: [ … ]
Wed, 06.03.2024
ZEAL Network SE
Q4 preview: tough comp for lottery, games still small
Topic: ZEAL should release final FY'23 figures on March 20th. Here's what
we expect for Q4'23e:
Tough comp for lottery: Against a strong Q4'22 (peaking EuroJackpot), total
German lottery spending (on & offline) has declined by 9% yoy in Q4'23 (+3%
yoy for FY'23; Source: DLTB). For ZEAL [ … ]
Wed, 06.03.2024
Nabaltec AG
FY23 profitability better than expected / valuation too pessimistic
Topic: While profitability in Q4 (preliminary figures) came in
significantly better than expected, sales fell slightly short of
expectations. Although FY24 is seen to also be burdened by the challenging
macro environment, valuation has more than factored it in, in our view.
Q [ … ]
Wed, 06.03.2024
Multitude SE
Small value-accretive acquisition through CapitalBox; chg
Yesterday, Multitude announced to have acquired the Danish factoring
specialist Omniveta Finance through its SME unit CapitalBox. Last week,
CapitalBox also launched a new collateral lending product. In detail:
Value-accretive acquisition. Founded in 2012, Omniveta is a factoring
speci [ … ]
Tue, 05.03.2024
123fahrschule SE
FY ’23: Strong growth and improved profitability; chg. est & PT
Last week, 123fahrschule published a sound set of FY ‘23 results. Total
sales increased by 24% yoy, coming in at € 20.6m (eNuW: € 20.2m; eCons: €
21.0m). In spite of a slight decrease in the number of private customer
registrations, sales growth was s [ … ]
Mon, 04.03.2024
LION E-Mobility AG
Large order from electric bus manufacturer
Topic: LION E-Mobility received a € 12m order for battery packs from
electric bus manufacturer KARSAN. Its ambitious growth prospects and recent
order momentum should leave room for additional battery pack orders in the
short-term.
In detail, the € 12m battery pack order comprises € 6m [ … ]
Thu, 29.02.2024
Flughafen Wien AG
Record FY'23, dividend hike and better outlook; chg. est. & PT
Topic: Yesterday, FWAG released FY'23 prelims which came in better than
expected. Moreover, management proposed a nearly doubled dividend and
hinted towards a conservative passenger guidance.
Sales remained elevated and showed strong growth of 26% yoy to € 232m in Q4
(FY' [ … ]
Thu, 29.02.2024
R. STAHL AG
Several structural trends could drive mid-term growth
Topic: Despite a strong competitive quality, R. Stahl had difficulties
translating it into operating performance between 2016 and 2021. Thanks to
R. Stahl having done its homework by implementing changes on the back of
efficiency and structural trends kicking in, shares look poised for a
re- [ … ]
