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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, 24.11.2023
UBM Development AG
Q3 displays ongoing transaction market standstill, chg.
Yesterday, UBM released another uninspiring set of quarterly results as the
real estate transaction market continues to be in a complete standstill as
volumes in Europe decreased another 16% qoq. Still, positive news came from
several building permits that were granted during the quarter.
[ … ]
Fri, 24.11.2023
CLIQ Digital AG
Analyst teach-in highlights data-driven content distribution
On Friday, November 17th, CLIQ hosted its first ever analyst teach-in, a
welcome step in increasing transparency. Here are our key takeaways:
Savvy performance marketing as USP. While CLIQ offers streaming content, it
is anything but a mere streaming platform; its main competitive e [ … ]
Fri, 24.11.2023
DEMIRE AG
Another guidance adjustment following lack of disposals; chg.
As already anticipated in our recent earnings review, DEMIRE yesterday
updated its FY guidance for a second time this year as management now
expects a lower number of property disposals than what was planned at the
beginning of the year. As this consequently results in a larger asset [ … ]
Thu, 23.11.2023
USU Software AG
Final Q3 in line with est. amid sequential improvements; chg.
Yesterday, USU released a solid set of Q3 results, showing sequential
improvements compared to the second quarter despite an ongoing
underperformance of license revenues.
Q3 sales increased 4.2% qoq to € 32.9 (eNuW: € 33.3m), implying a muted 1%
yoy growth against a tough [ … ]
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
The NAGA Group AG
Strong earnings growth achieved in the first nine months of 2023, lower
sales growth but increase in profitability expected, price target: € 2.90,
rating: BUY
The NAGA Group AG recently published its annual report for the 2022
financial year, which is therefore late. The delayed publication is mainly
due to a change of auditor, the in [ … ]
Mon, 20.11.2023
Coreo AG
H1 2023: Large portfolio acquisitions to come in 2024; EBIT break-even
expected in 2024; price target: € 1.00; rating: BUY
In the first six months of 2023, Coreo AG was able to increase rental
income to € 3.17 million (previous year: € 2.82 million). As there were no
property additions in both the 2022 financial year and the [ … ]