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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.
Thu, 23.11.2023
Einhell Germany AG
Final Q3 slightly better than expected // Bottom-line stays strong
Einhell released better-than-expected final Q3 results, reflecting that the
company executes tight cost control amid a challenging market environment.
Q3 sales decreased by 5% yoy to € 230m (prelim: € 225m). While Eastern
Europe showed strong growth of 30% yoy, DACH de [ … ]
Wed, 22.11.2023
Multitude SE
Leaner business structure and new guidance; chg
During yesterday´s CMD, Multitude unveiled its new, regrouped business
tribes as well as a new net income guidance for 2026 that should be well in
reach.
New tribe “Wholesale Banking” introduced. The wholesale business, that was
previously grouped under SweepBank, should deal w [ … ]
Wed, 22.11.2023
ZEAL Network SE
Lucrative “Games” business metrics
In Q3, ZEAL’s games business showed first meaningful impacts, but more
importantly provided some tangible KPIs. Hence, we evaluate those metrics
to compare Games with Lottery.
New KPI 'Pay-Ins': ZEAL introduced this new KPI to better compare Lottery
and Games. Pay-in refers to the amount of [ … ]
Tue, 21.11.2023
VOQUZ Labs AG
Outlook gets cloudier amid macro-headwinds; chg.
After VOQUZ has shown stellar top-line growth in the past (2019-‘22 CAGR of
38%), the company reported a weak set of H1, clearly reflecting the
deteriorating macro environment.
Despite a 14% yoy increase in order intake, H1 sales only grew by 3% yoy to
€ 1.9m (eNuW: € 2.5m) foll [ … ]
Mon, 20.11.2023
INDUS Holding AG
RS feedback: Strong free cashflows to support new investments
Topic: On Friday, we hosted a digital roadshow with the CEO of INDUS. Here
are the key takeaways:
Free cashflow from continuing operations more than quadrupled yoy with €
106.1m at 9M 2023 (9M 2022: € 22.2m). Going forward, management aims to
further reduce the working ca [ … ]
Mon, 20.11.2023
SMARTBROKER Holding AG
Migration well progressed // New arrangement with DAB
Smartbroker announced to have made significant progress regarding the
migration of customers, transactions and AuC´s from SB1 (old Smartbroker)
to Smartbroker+:
65% of active SB1 customers successfully migrated. This translates into 90k
of the former 228k customers (excl. 44k FondDis [ … ]
Mon, 20.11.2023
S Immo AG
Sound Q3 ahead as positive news prevail; chg.
S IMMO is seen to release a sound set of Q3 results on 29 November, as
revenues are seen to increase 22% yoy to € 79.8m. Rental income looks set
to grow 20% yoy to € 47.5m, which should be mainly driven by 2022
acquisitions and only a minor visible effect from the most recent
acquisition o [ … ]
Fri, 17.11.2023
Flughafen Wien AG
Record Q3 results thanks to a perfect summer, chg. est. & PT up
Topic: FWAG released record Q3 results and strong October traffic results,
showing excellent operating performance throughout the summer as well as a
strong start into Q4.
Q3 sales came in strong at € 271m, +27% yoy (eNuW: € 267m; eCons: € 262m)
thanks to super [ … ]
Fri, 17.11.2023
NFON AG
Q3e: Cost savings continue to bear fruit ; chg.
NFON will release Q3 figures on November 23rd, which are seen to show
steady top-line growth paired with sound profitability following the
implementation of several cost-saving measures.
Q3 recurring revenues are expected to increase by 5.6% to € 19.4m based on
an increased seat base (eNuW: [ … ]
Fri, 17.11.2023
THE NAGA GROUP AG
FY22 out // Short-term remains clouded; Restart with HOLD
Recently, NAGA finally reported its audited FY22 figures, which reflect a
particularly challenging year for the company. In detail:
Sales stand at € 57.6m (+9% yoy), above our estimates of € 50.1m, as we
have not considered NGC trading revenues of € 6.8m. While trading a [ … ]