Company Name: Rubean AG ISIN: DE0005120802   Reason for the research: Update Recommendation: Buy from: 07.11.2024 Target price: EUR 8.50 Target price on sight of: 12 months Last rating change: Analyst: Frederik Jarchow Q3 figures in line with estimates // Roll-out in full swing Topic: Rubean published an interim statement with  [ … ]

Capital increase to secure growth financing; chg. Topic: Rubean successfully placed a 10% capital increase. Further, it agreed with Cyclcebit to convert the outstanding convertible bond into a regular bond that is now due in three tranches. Both initiatives should ease the liquidity situation. In detail: Capital increase secures growth ambiti [ … ]

Topic: Last week, Rubean announced to have quintuples its turnover in Q1´24 against Q1´23. Further, Rubean signed a contract with SEUR and reduced its cost base by 10% yoy. In detail: Turnover increased by 500% yoy to € 493k in Q1, partially due to roll-out of Rubean´s software to new, large customers, acquired already la [ … ]

Conservative FY24 guidance, but ambitious mid-term vision Topic: Yesterday, Rubean announced a rather conservative topline guidance for FY24 as well as an ambitious mid-term vision with regards to sales, EBIT and app user. In detail: Sales to more than double in FY24. Rubean is expecting to grow its sales by 135% at mid-point to € 2.2-2. [ … ]

KORREKTUR: Major cooperation with Global Payments in Germany; chg. Topic: Yesterday, Rubean announced to have won the Global Payments tender for Germany, which we assume to be basically the tender for the recently announced joint venture between Commerzbank and Global Payments (“Commerz Globalpay”). In detail: Earlier this year, C [ … ]

Major cooperation with Commerz Globalpay; chg. Topic: Yesterday, Rubean announced to have won the Global Payment tender for Germany, which is basically the tender for the recently announced joint venture between Commerzbank and Global Payments (“Commerz Globalpay”). In detail: Earlier this year, Commerzbank announced to have enter [ … ]

Promising start into 2024 Topic: Yesterday, Rubean announced to have reached more than € 340k of sales only in January. This represents the highest monthly turnover in the company´s history. Rubean has realized more than one-third of previous year´s sales in only one month. According to management, the sales-jump is the resul [ … ]

FY23 sales in line with estimates // POS rollout has started; chg Topic: Yesterday, Rubean announced to have reached more than € 1.0m in sales (prelims) and quadrupled number of app users to c. 25k vs 6k at the end of 2022 (eNuW). With > € 1.0m, Rubean increased sales by >20% yoy, which is slightly better than expected (eNuW o [ … ]

PhonePOS rollout is starting right now; chg Topic: After Rubean 1) solved its liquidity issues, 2) finally published its FY22 figures that were in line with expectations and 3) announced several promising partnerships, we are more optimistic that the rollout of POS is starting right now and should have the potential to ramp-up sales. Liquidit [ … ]