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Beta Systems (BSS)

Business description

Beta Systems provides data centre intelligence (DCI) solutions which enable efficient and secure bulk processing of data and Identity Access Management solutions (IAM). The company’s headquarters are in Berlin and has sales and support offices in 18 markets globally. Approximately 68% of sales are derived in the DACH region.

Stock data

Market cap.€119.4m
Last close€22.60
High / Low (52 weeks)€29.5 / €15.6
Stock market listingDB
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamTechnology
SectorTechnology

Price performance

%1m3m12m
Actual7.11.143.5
Relative *6.4(0.7)26.6

* % Relative to local index

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Company news

Investment summary

Beta’s H118 results reflect the anticipated lull in the DCI licence renewal cycle, with EBITDA down 54% y-o-y. Despite the decrease, management believes it is on track to deliver to the top end of its guided range for the full year. With an anticipated pick-up in performance over the next two years, combined with the recent uptick in M&A activity, we feel that the FY18 EV/EBITDA premium to peers is justified.

Last updated on 31/05/2018

Key management

Dr. Andreas Huth , Member of the Board
Armin Steiner, Member of the Board
Wilhelm K.T. Zours, Head of the Supervisory Board

Company address

Alt-Moabit 90d
Berlin
10559
Germany
View website