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Low rating, but industry uncertainties persist
Nürnberger Beteiligungs | 20/09/2017
Nürnberger’s results this year are riding out the challenging environment; net income rose 63% to €42m and guidance for the full year was…
NAV boosted by revaluation gains
Finlab | 15/09/2017
FinLab’s results combine relatively stable income from management fees and dividends received from the asset management subsidiaries, Heliad and…
Market bottlenecks limiting momentum
Helma Eigenheimbau | 14/09/2017
Helma’s H117 results confirmed the anticipated slowdown in the German residential market associated with longer project turnaround time in the construction…
Key portfolio holdings drive results
Heliad Equity Partners | 14/09/2017
Heliad Equity Partners benefited from the stock price appreciation of its major listed portfolio holdings (most notably FinTech and MagForce), posting…
Solid H1, with FY17 guidance maintained
FinTech Group | 14/09/2017
FinTech Group (FTG) announced a solid set of H1 results and FY17 guidance was re-affirmed. While EBITDA slipped by 6% to €13.0m, this reflected a…
Upward NAV trend continues
Scherzer & Co | 13/09/2017
Scherzer & Co (PZS) was able to leverage the favourable market conditions in H117, generating an EPS of €0.15 (vs €0.04/share loss in H116)…
AUM approaching FY17 target
ÖKOWORLD | 12/09/2017
ÖKOWORLD (ÖWAG) reported healthy growth in H117, with sales and operating profit more than doubling year-on-year despite the lack of dividend…
Investment paying off
Delignit | 12/09/2017
Strong H1 results (EBITDA +42%) and recent major orders in the LCV and rail transport segments reinforce confidence in confirmed positive profit guidance…
From strength to strength
Deutsche Grundstücksauktionen | 11/09/2017
Deutsche Grundstücksauktionen (DGA) continues to please with an “outstanding” H1, epitomised by the highest first-half gross turnover…
Steady progress
MPC Capital | 11/09/2017
The absence of major transaction contributions to first-half profits and management’s reiterated guidance for progress in the full year throws the…
Solid H1; GetHappy launch set for FY18
Vectron Systems | 08/09/2017
Vectron Systems continues to benefit from regulatory tailwinds, achieving revenue growth of 26% in H117 after the 30% growth reported in FY16. This translated…
Capturing additional margin
JDC Group | 06/09/2017
JDC continues to execute its new strategy of digital platform development while acting as a consolidator of client contract portfolios. Two large portfolio…
EBIT margin ahead of target
IBU-tec | 05/09/2017
IBU-tec beat its EBIT margin target for H117 despite bearing the increased costs associated with a new logistics facility and selective investment in engineering…
Record-beating trajectory continues
m-u-t | 04/09/2017
Management's focus on high-margin products and services for OEMs across a very broad range of applications in the clean tech, life science and green tech…
Record H117 performance; guidance raised
Nabaltec | 01/09/2017
Nabaltec achieved strong earnings growth in H117, despite the drag on revenue growth and margins caused by the temporary shutdown of the US production…
New mandates secure future growth
publity | 01/09/2017
publity’s H117 earnings momentum reflects both the ability to leverage its asset management expertise (AUM increased to €3.8bn from €3.2bn…
New beginning
mic | 31/08/2017
The latest announcement appears to end the days of mic’s broader ambitions. The new management is committed to a simple strategy of extracting value…
Organic growth coupled with M&A activity
Corestate Capital Holding | 30/08/2017
Corestate’s (CCAP) H117 results reflect strong organic growth assisted by an expanding investment platform (AUM at €3.5bn as of end-June 2017…
UME adds to strong organic growth
Cliq Digital | 23/08/2017
CLIQ Digital’s H117 results reflect a continuation of the strong organic growth delivered in Q117 and one month’s contribution from the recently…
Delivering in spades
RCM Beteiligungs | 21/08/2017
RCM Beteiligungs has accompanied a double-digit increase in H117 pre-tax profit with confident full-year guidance, highlighted by a proposed 50% hike in…
Exploring strategic alternatives to add value
aap Implantate | 17/08/2017
aap Implantate announced its H1 results with a 5% increase in l-f-l sales to €5.4m. This increase was predominantly due to a reported 14% Trauma sales…
Transformation evolving
Evolva | 17/08/2017
Evolva is transforming itself into a product-based company, and the new CEO is evaluating the organisational structure and operational strategy. R&D-based…
Funding in place for EU roll-out
MagForce | 11/08/2017
MagForce has announced a loan of up to €35m from the European Investment Bank (EIB), of which €10m is available immediately. This funding will…
Executive interview - 4SC
Executive interview - 4SC | 10/08/2017
4SC is a Munich-based cancer biopharmaceutical company. In this interview Jason Loveridge, CEO of 4SC, provides an overview of the company, its recent…
Termination of coverage
GFT | 09/08/2017
Edison Investment Research is terminating coverage on GFT (GFT). Please note you should no longer rely on any previous research or estimates for this company.…