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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.
Fri, 10.11.2023
DEMIRE AG
Solid Q3 but no refinancing solution yet; chg.
Yesterday, DEMIRE released a solid set of Q3 results, showing a slightly
reduced rental income and FFO. Q3 rental income decreased 7% yoy to € 19m
(eNuW: € 19m) as index related rent increases (c. 50% of the portfolio's
rents increased since 01/23) could not fully compensate for a decreas [ … ]
Fri, 10.11.2023
Westwing Group AG
Top and bottom line recovery in full swing, est. & PT chg.
Westwing released strong Q3 results and lifted its FY 2023 adj. EBITDA
guidance. Q3 sales increased by 5.2% yoy to € 92.9m (eNuW: € 91.3m),
indicating a sequential improvement versus Q2 (-1.2% yoy). Sales in DACH
returned to growth (3.6% yoy vs. -5.5% yoy in Q2), while Int [ … ]
Fri, 10.11.2023
MAX Automation SE
Fully on track despite mixed Q3; chg. est.
MAX delivered mixed results for Q3 2023, with sound top-line growth but
pressure on margins. Q3 group sales rose slightly by 1.4% yoy to € 109.1m
(Q3 2022: € 107.6m) while Q3 EBITDA fell sharply by 35% yoy to € 9.6m (Q3
2022: € 14.8m). Hence, the EBITDA margin declined by 4.9pp yoy [ … ]
Fri, 10.11.2023
MLP SE
Q3 review: too cheap to ignore resilience
Total sales grew slightly by 4% yoy to € 208m (eNuW: € 215m) thanks to
MLP’s diversified sales mix.
Growth was recorded in the areas of Non-Life Insurance (€ 34m, +16% yoy;
eNuW: € 36m), Interest Income (€ 18m, +259% yoy; eNuW: € 17m), Old-Age
Provision (€ 51m, [ … ]
Thu, 09.11.2023
bet-at-home.com AG
Mixed Q3 // High marketing spending to boost topline; chg
Yesterday, bet-at-home reported mixed Q3 results with a slightly weaker
than expected topline, but lower OPEX. In detail:
Sales came in at € 10.3m (-17% yoy, -6% qoq), slightly below our estimates
of € 10.9m, mainly due to lower betting GGR (€ 9.6m vs eNuW: € 10.0m) [ … ]
Thu, 09.11.2023
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 decreased the price target from EUR 50.00 to EUR 47.00.
Abstract:
New wells helped DRAG post record sales and EBITDA numbers in Q3/23. While
we expect 2023 investment of €182m to exc [ … ]
Thu, 09.11.2023
Health Italia S.p.A.
Good first half-year. The focus on the core business model is paying off.
Forecast confirmed.
In the first half of 2023, revenues amounted to €17.81 million, signaling a
slight 7.5% decline compared to the same period in the previous year of
€19.25 million. This decline is primarily associated with the impact of the
'discontinued [ … ]
Thu, 09.11.2023
Knaus Tabbert AG
First Berlin Equity Research hat ein Research Update zu Knaus Tabbert AG
(ISIN: DE000A2YN504) veröffentlicht. Analyst Ellis Acklin bestätigt seine
BUY-Empfehlung und bestätigt sein Kursziel von EUR 86,00.
Zusammenfassung:
Der Q3-Bericht entsprach unseren Prognosen und übertraf die Vorjahreszahlen
bei weitem. Wie erwartet, gi [ … ]
Tue, 07.11.2023
Deutsche Effecten- und Wechsel- Beteiligungsgesellschaft AG
First Berlin Equity Research has published a research update on Deutsche
Effecten- und Wechsel- Beteiligungsgesellschaft AG (ISIN: DE0008041005).
Analyst Christian Orquera reiterated his BUY rating and maintained his EUR
1.80 price target.
Abstract:
DEWB has published its financial statement for H1/23. Overall results were
roughly as expected. [ … ]
Fri, 03.11.2023
Cenit AG
9 months 2023: Three more companies acquired in 2023; High revenue and
earnings growth achieved; Slight forecast and price target adjustment;
Rating: BUY
In the third quarter of 2023, CENIT AG achieved sales growth of 9.3% to €
45.84 million (Q3 2022: € 41.95 million), thus seamlessly continuing the
previous development of the cu [ … ]