Company Name: The Platform Group AG ISIN: DE000A2QEFA1   Reason for the research: Update Recommendation: Buy from: 05.05.2025 Target price: 19,00 Euro Target price on sight of: 12 months Last rating change: - Analyst: Alexander Rihane First Berlin Equity Research hat ein Research Update zu The Platform Group AG (ISIN: DE000A2QEF [ … ]

Company Name: Deutz AG ISIN: DE0006305006   Reason for the research: Update Recommendation: Buy from: 05.05.2025 Target price: 9,00 Last rating change: Analyst: Klaus Soer Climing up the growth path despite geopolitic uncertainties Deutz had a good start into the new FY25 indicated by the strong order intake of Q1/25 of EUR 546.1 [ … ]

Company Name: ad pepper media International N.V. ISIN: NL0000238145   Reason for the research: Update Recommendation: Buy from: 05.05.2025 Target price: 4,10 Euro Target price on sight of: 12 Monate Last rating change: 20.07.2020: Hochstufung von Hinzufügen auf Kaufen Analyst: Dr. Karsten von Blumenthal First Berlin Equity  [ … ]

Company Name: Deutsche Rohstoff AG ISIN: DE000A0XYG76   Reason for the research: 2024 annual report Recommendation: Buy from: 05.05.2025 Target price: €43 Target price on sight of: 12 months Last rating change: - Analyst: Simon Scholes First Berlin Equity Research has published a research update on Deutsche Rohstoff AG (ISI [ … ]

Company Name: Grand City Properties SA ISIN: LU0775917882   Reason for the research: Update Recommendation: Kaufen from: 05.05.2025 Target price: €14,20 Target price on sight of: 12 Monate Last rating change: - Analyst: Ellis Acklin First Berlin Equity Research hat ein Research Update zu Grand City Properties S.A. (ISIN: LU [ … ]

A mixed but stable start to 2025 for BASF, as macro uncertainty weighs on near-term visibility. Q1 results showed modest top-line pressure from softer volumes and pricing, particularly in Agricultural Solutions and Surface Technologies, while EBITDA ex-special items held up better than expected thanks to positive one-offs in the ‘Other’ segment. Profitability across core businesses remained under pressure, and free cash flow was negative, reflecting working capital effects, litigation payments, and metals trading. Management reaffirmed its full-year guidance but acknowledged rising external risks, particularly from trade tensions and demand caution across key markets. Still, BASF continues to focus on cost discipline, localized production, and selective investments in growth areas—setting a more resilient base for medium-term recovery. mwb research’s analysts maintain their BUY rating but reduce their price target to EUR 55.00 (from EUR 60.00), reflecting a slower-than-expected earnings recovery despite an improving strategic setup. The full update can be downloaded under https://www.research-hub.de/companies/BASF%20SE

Company Name: Aroundtown SA ISIN: LU1673108939   Reason for the research: Update Recommendation: Kaufen from: 05.05.2025 Target price: €4 Target price on sight of: 12 Monate Last rating change: - Analyst: Ellis Acklin First Berlin Equity Research hat ein Research Update zu Aroundtown SA (ISIN: LU1673108939) veröffentli [ … ]

Drägerwerk (Dräger) delivered a mixed Q1 25, with order intake rising 6.1% yoy to EUR 860.8m, signaling robust demand across both Medical and Safety divisions. However, revenue declined slightly by 1.2% to EUR 730.3m, and EBIT dropped to just EUR 0.4m (Q1 24: EUR 15.1m) due to seasonal effects and higher personnel costs. The strong momentum in Engineered Solutions and growth in EMEA and APAC underline strategic traction. Despite seasonal margin pressure, management reaffirmed its FY25 guidance (1–5% sales growth, 3.5–6.5% EBIT margin). Supported by a healthy order book and the improving business mix, mwb research’s analysts maintain their BUY rating and the unchanged price target of EUR 72.00. The full update can be downloaded under https://www.research-hub.de/companies/Draegerwerk%20AG%20&%20Co.%20KGaA

In Q1, the industry faced a softer jackpot environment with no peaks - a dynamic that typically dampens engagement and spending. Still, the company continues to benefit from strong structural momentum, including pricing tailwinds, a growing active user base, and improving business mix from the ramp-up of higher-margin verticals such as Games and Traumhausverlosung. These drivers are expected to support solid top-line growth, with sales forecast at EUR ~48m (+32.5% yoy), and EBITDA margin expanding to 29% (+3pp yoy), weighted down partially by increased marketing and growth investments. mwb research’s analysts see ZEAL firmly on track to meet its full-year targets, underscoring the scalability and strength of its platform, reinforced by consistently outstanding execution. The analysts maintain their BUY rating with PT EUR 60.00. The full update can be downloaded under https://www.research-hub.de/companies/ZEAL%20Network%20SE

Circus has announced an eight-month pilot partnership with REWE Region West to deploy its autonomous cooking robot, CA-1, in several German supermarkets starting autumn 2025. The pilot includes three CA-1 units and the Circus Software Suite to evaluate customer satisfaction, technical performance, and operational feasibility. With REWE Region West supplying 560 stores and REWE Group operating over 6,000 food retail outlets in Germany, a successful pilot could lead to significant commercial potential— mwb research’s analysts estimate a triple-digit million EUR in equipment sales and high double digit million EUR in annual SaaS revenue if adopted in just 10% of stores. Additionally, Circus is set to begin rollout with food franchise Mangal under a 500-unit framework agreement this autumn. Supporting this growth, Circus has completed a high-volume production facility in China and is finalizing a EUR 21.3m capital increase to fund global expansion. mwb research’s analysts maintain their BUY rating with a EUR 75.00 target price. The full update can be downloaded under https://research-hub.de/companies/circus-se