German Startups Group (GSJ)

Business description

German Startups Group (GSG) is a Berlin-based venture capital investment company, primarily focused on providing investment to technology businesses in German-speaking countries. The company currently holds 43 companies in its investment portfolio and a majority stake in digital agency Exozet.

Stock data

Market cap.€20.7m
Last close€1.73
High / Low (52 weeks)€2.2 / €1.6
Stock market listingDB
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamFinancials
SectorFinancials

Price performance

%1m3m12m
Actual2.7(10.9)(4.2)
Relative *(2.9)(3.9)(8.2)

* % Relative to local index

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Company news

Investment summary

German Startups Group (GSG) returned to its profitable path, with four exits, one partial disposal and several upward revaluations of key portfolio holdings recognised in H117. The successful IPO of Delivery Hero further supported the results and will assist liquidity in H217. Management recently announced a cost savings initiative, while the general partner decided to forfeit one percentage point of its management fee. The joint effect of these actions should bring cost savings of €0.72m pa from H217, according to management. GSG’s shares trade at a c 25% discount to NAV.

Last updated on 15/11/2017

Key management

Company address

Platz der Luftbruecke 4-6
Berlin
12101
Germany
+49-30-609889080
View website