Company Name: EV Digital Invest AG ISIN: DE000A3DD6W5   Reason for the research: Update Recommendation: Buy from: 06.11.2024 Target price: EUR 1.80 Target price on sight of: 12 months Last rating change: Analyst: Frederik Jarchow Mixed H1 // Project defaults to burden business; chg. Topic: Last week, EVDI published unaudited H1 [ … ]

Massive guidance cut amid clouded visibility; chg Topic: EVDI slashed its FY24 guidance in order to reflect the “historically unprecedented real estate crisis” that lasts longer than previously expected. Further, the company issued two convertible bonds to secure the arising new capital requirements. In detail: EVDI cut its income [ … ]

Strategic partnership to unlock renewable energy projects Topic: EVDI announced to have entered a strategic partnership with Green FOX Energy – a project developer and owner of renewable energy plants. The cooperation enables EVDI to offer direct investments into renewable energy projects to its customers via its platform. In detail: Wi [ … ]

Better than feared FY23; New product launch; chg Topic: EVDI reported better than feared final FY23 figures and published a guidance for FY24. Further, the company announced the launch of a new attractive call money product for both, existing and new clients. In detail: Sales of € 4.1m (-20% yoy) stemming from 13 financed projects (vs eN [ … ]

Topic: After a historically bad year 2023 for EVDI and the whole sector, the worst seems to be over, and we see light at the end of the tunnel for EVDI. Here is why: The real-estate sector shows first signs of a recovery. Apart from normalizing construction cost inflation (4.3% in Q4’23 vs 16.9% in Q4’22), real estate prices are com [ … ]

Strong 9M after soft H1 // Market remains challenging; chg. Topic: Yesterday, EVDI published surprisingly strong indication for 9M figures compensating for weak H1 figures published earlier this month. The outlook however remains clouded. Operating income came in at € 3.1m (-6% yoy), including c. € 2.8m sales, c. € 0.2m financi [ … ]