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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.
Wed, 17.04.2024       Borussia Dortmund GmbH & Co KGaA

First semifinal since 11 years secures € 12.5m extra profit / chg. By winning Tuesday night's match against Atletico Madrid, Borussia Dortmund has secured a spot in the UEFA Champions League semifinals for the first time since 2013. With this advancement, the club can now anticipate additional UEFA prize money payments of at least € 1 [ … ]
Tue, 16.04.2024       Deutsche Rohstoff AG

First Berlin Equity Research has published a research update on Deutsche Rohstoff AG (ISIN: DE000A0XYG76). Analyst Simon Scholes reiterated his BUY rating and increased the price target from EUR 46.00 to EUR 54.00. Abstract: DRAG has raised its 2024 guidance. Management is now looking for revenue of €210m-€230m (previously: €175m [ … ]
Tue, 16.04.2024       Prosiebensat 1 Media SE

ProSiebenSat.1 (PSM) has released prelim. Q1 figures showing a 6% yoy increase in revenues to EUR 867m. This increase was mainly driven by the recovery of TV advertising revenues, confirming the ongoing momentum. Despite the announced increase in program expenses, adjusted EBITDA increased by 35% to EUR 72m in Q1 and adjusted net income improved by EUR 22m yoy to EUR 8m, mainly due to the positive development but also driven by lower tax expenses. Furthermore, PSM’s battle with the shareholder MediaForEurope, dominated by the Berlusconi family, enters the next round at the AGM. MFE, which holds 27.3% of PSM, has a strong focus on the TV business and is therefore pushing for a spin-off/divestment of PSM’s dating and ecommerce business. With the outcome of the AGM still uncertain, the group's long-term strategy threatening to change and important parts of the company up for sale, mwb research’s analysts maintain their negative stance. In mwb research’s opinion, there is too much uncertainty to invest. The analysts maintain their SELL rating with an unchanged price target or EUR 6.00.The full update can be downloaded under https://www.research-hub.de/companies/research/ProSiebenSat.1%20Media%20SE
Tue, 16.04.2024       Pyramid AG

Pyramid announced the settlement of the earn-out component for the acquisition of faytech AG, with the seller receiving only slightly more than 0.9 million new Pyramid shares due to faytech's worse-than-expected financial results. In addition, a lock-up agreement was signed by major shareholders, management and the Supervisory Board, which secures just over 38% of the new share capital until March 31, 2025. Despite the challenging previous year, Pyramid is cautiously optimistic for the current fiscal year and expects revenues of EUR 78-80m and consolidated EBITDA of EUR 5.6-5.8m. In the view of mwb research’s analysts, the agreement with the sellers of faytech on the reduction of the earn-out and the lock-up agreement are good news and should strengthen confidence in Pyramid's corporate strategy. Due to the slightly diluted number of shares, the PT is lowered from EUR 2.50 to EUR 2.40. mwb research’s BUY rating remains unchanged. The full update can be downloaded under https://www.research-hub.de/companies/research/Pyramid%20AG
Tue, 16.04.2024       Cicor Technologies Ltd

Cicor Technologies published a brief business update on Q1 2024. The company reported revenues of CHF 107.3m for the first quarter, up by 11.8% yoy. Thereof, the largest part was attributable to the consolidation of STS Defence. However, a softer economic environment, mostly in the industrial sector, translated to a slowdown of organic growth to 0.3% yoy. At the same time, book-to-bill ratio in the quarter fell below 1x due to aperiodic order placement at STS Defence. With the economic environment and the recent M&A activity already baked in, management confirmed its guidance, backed by a comfortable order backlog. mwb research’s analysts leave their estimates unchanged reiterating their PT of CHF 80.00 and their BUY recommendation. The full update can be downloaded under https://www.research-hub.de/companies/Cicor%20Technologies%20Ltd
Tue, 16.04.2024       Suedzucker AG

Suedzucker's preliminary FY23/24 results met expectations, with group revenues reaching EUR 10.3bn, driven by high sugar prices. EBITDA and operating profit saw significant increases, aligning with guidance. However, underlying Q4 results indicate fading momentum, with sales up only 4% yoy and EBITDA margins halving to 6.9%. Higher production costs in the sugar segment impacted earnings negatively. The company forecasts a slow start to FY24/25, with significantly lower Q1 earnings. FY24/25 outlook falls below expectations, with anticipated declines in group revenues, EBITDA, and operating profit, particularly in the sugar segment. Despite proposing a dividend increase, lower estimates prompt mwb research’s analysts to downgrade to HOLD (BUY) with a reduced price target of EUR 14.00 (previously EUR 17.00). The full update can be downloaded under https://www.research-hub.de/companies/Suedzucker%20AG
Mon, 15.04.2024       Grand City Properties SA

First Berlin Equity Research hat ein Research Update zu Grand City Properties S.A. (ISIN: LU0775917882) veröffentlicht. Analyst Ellis Acklin bestätigt seine BUY-Empfehlung und erhöht das Kursziel von EUR 12,50 auf EUR 12,90. Zusammenfassung: Grand City gab die Ergebnisse der Umtausch- und Tenderangebote für zwei Serien seine [ … ]
Mon, 15.04.2024       Formycon AG

Formycon’s preliminary FY23 results show an increase in FY revenues from EUR 42.5m to EUR 77.7m, mainly driven by income from development services (FYB203 and FYB201), as well as from milestone payments (FYB202). For EBITDA, Formycon reported a better-than-expected EUR 1.5m, above guidance range and mwb research’s estimates, mainly driven from lower-than-planned costs after pausing the development of FYB207. The adjusted Group EBITDA for FY23 amounted to EUR 13.3m (2022: EUR -28.8m), reflecting the strong momentum of FYB201 in the US (brand name: Cimerli). The FY24 EBITDA outlook indicates a step-up of biosimilar pipeline investments. mwb research’s analysts maintain their PT and BUY rating. The full update can be downloaded under https://www.research-hub.de/companies/Formycon%20AG
Mon, 15.04.2024       Nynomic AG

New product launched: Another building block for the mid-term Nynomic announced that its subsidiary Spectral Engines and Kraemer Elektronik, an expert for high quality testing systems of bulk solids for the pharmaceutical, chemical and food industry, have jointly developed and now presented a new product, the LabScanner Plus. While Kraemer El [ … ]
Fri, 12.04.2024       Aroundtown SA

First Berlin Equity Research hat ein Research Update zu Aroundtown SA (ISIN: LU1673108939) veröffentlicht. Analyst Ellis Acklin bestätigt seine BUY-Empfehlung und bestätigt sein Kursziel von EUR 3,40. Zusammenfassung: Aroundtown gab die Ergebnisse der Umtausch- und Tenderangebote für vier Serien seiner Perpetual Notes sowie  [ … ]

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Wednesday, 17.04.2024, Calendar Week 16, 108th day of the year, 258 days remaining until EoY.