Strong FY23 prelims and merger with Capex.com; chg Last week, NAGA reported preliminary FY23 figures that came stronger than expected. Further, the company has announced (at the end of 2023) a planned business combination with Capex.com. In detail: - Sales came in at € 45.5m (-21% yoy), significantly above our estimates of € 38.1m.  [ … ]

Another promising year for INDUS Topic: While INDUS should experience some margin pressure in 2024e, the EBIT margin is still seen to come in at 8.0%, which is the highest operating margin since 2017. With an appealing dividend yield of 5.5% (eNuW) and an attractive valuation of only 4.6x EV/EBITDA, the stock remains a buy. Normalizing margin [ … ]

Hugo Boss AG has released preliminary revenue and EBIT figures for FY23 and Q4 23. Sales in Q4 increased by 13% YoY to EUR 1.18bn, which is in line with expectations. Q4 EBIT also increased by 17% YoY to EUR 121m, in line with AlsterResearch’s expectations (eAR: EUR 119m). However, Hugo Boss missed market expectations by 6% (eCons: EUR 129m). Despite this, Hugo Boss has met its revenue and EBIT guidance range for the full year. On March 07, 2024, the company will release its final FY report and its FY24 outlook. AlsterResearch maintains the BUY rating with an unchanged PT of EUR 85.00. The full update can be downloaded under https://www.research-hub.de/companies/research/Hugo%20Boss%20AG

First acquisition of 2024 strengthens the 3DS Solutions division; forecasts and target price unchanged   As expected, CENIT AG is continuing the high level of acquisition activity implemented since the 2022 financial year in the 2024 financial year. As the company announced in the second calendar week of the still young year, CCE b:digital G [ … ]

SUESS MicroTec announced the closing of the sale of its MicroOptics division to Focuslight (HK) Investment Management Co. Ltd. for EUR 75.5m. The transaction results in an extraordinary gain of almost EUR 45m, at the upper end of the guidance range (eAR). Only 5% of the gain is taxable at a rate of around 25%, resulting in an effective tax rate of around 1%. Taking the transaction into account, AlsterResearch raises the target price to EUR 32.30 (old: EUR 30.00) and reiterates the BUY recommendation. According to the analyst, the sale is not only financially very attractive, but also results in a streamlined business with a more homogeneous customer base and product portfolio. The full update can be downloaded under https://www.research-hub.de/companies/SUESS%20MicroTec%20SE

First Berlin Equity Research hat ein Research Update zu urban-gro, Inc. (ISIN: US91704K2024) veröffentlicht. Analyst Ellis Acklin bestätigt seine BUY-Empfehlung und bestätigt sein Kursziel von USD 4,70. Zusammenfassung: urban-gro hat das neue Jahr mit einem Design-Build-Auftrag im Wert von ca. $20 Mio. begonnen. Der in den USA an [ … ]

LogPark finally sold + letting success to start crucial 2024 After the disposal of the LogPark in Leipzig to CommerzReal initially fell through in July 2023, DEMIRE has now found a new buyer, namely HIH Invest Real Estate. We estimate the purchase price, which was not disclosed, to be in the range of € 100-105m, hence being some 15% below  [ … ]

New intersections highlight potential for extraordinary grades   Eloro Resources intersected the highest-grade silver sample at Iska Iska so far, confirming the strategy adopted by the Board of Directors to expand and upgrade the high-grade area of the Santa Barbara Breccia Pipe in particular. With mineralised intercepts of up to 118.86 g Ag [ … ]

Light at the end of the tunnel Topic: Yesterday, the company announced that the Supervisory Board of creditshelf elected Rolf Hentschel as Chairman and Prof. Dr. Dirk Schiereck as Deputy Chairman of the Supervisory Board with immediate effect. The former Chairman of the Supervisory Board and patron of creditshelf, Rolf Elgeti has resigned fro [ … ]

Appealing risk/reward profile makes S IMMO a clear BUY It seems like management shares this view, as the company announced yet another share buy-back program after having already bought back shares worth € 2.4m in Q4. In detail: Last week, the management of S IMMO resolved another repurchase program of up to 365,340 shares (c. 0.5% of sh [ … ]