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Lower FY22 guidance and estimates
JDC Group | 21/11/2022
JDC Group (JDC) reported Q322 numbers and lowered its guidance for FY22 revenues of €155–165m (previously €165–175m) and EBITDA…
Encouraging start to FY23
Borussia Dortmund | 15/11/2022
Borussia Dortmund’s Q123 results demonstrated the expected recovery in its more variable revenue streams as the club welcomed the return of more…
German whistleblowing law now before year end
EQS Group | 15/11/2022
Progress of whistleblowing legislation through the German Bundestag has been slower than hoped, with transposition now likely in December, with a three-month…
Continuing to execute on strategy
CLIQ Digital | 09/11/2022
CLIQ Digital delivered strong revenue growth and record EBITDA in 9M22, as targeted marketing spend continued to drive the take up of its subscription-based…
Termination of coverage
Termination of coverage - Magforce | 31/10/2022
Edison Investment Research is terminating coverage on Mercia Asset Management (MERC), Bloc Ventures (unlisted), YOC (YOC.DE), Genuit Group (GEN), AlzeCure…
Termination of coverage
Termination of coverage - paragon | 31/10/2022
Edison Investment Research is terminating coverage on Mercia Asset Management (MERC), Bloc Ventures (unlisted), YOC (YOC.DE), Genuit Group (GEN), AlzeCure…
Wind beneath the wings of the team
Borussia Dortmund | 28/10/2022
Borussia Dortmund is one of the most successful football clubs in Europe. It has a consistent record of success in its domestic league, which enables it…
NAV affected by flatexDEGIRO’s de-rating
Heliad Equity Partners | 14/10/2022
Heliad Equity Partners (HEP) posted a 35% decrease in net asset value (NAV) per share during Q222, driven mostly by the 51% stock price decrease of flatexDEGIRO…
Great valuation potential
BB Biotech | 13/09/2022
According to BB Biotech’s (BION) investment team, the biotech industry has never looked in such a good position. Following a sell-off in the last…
Executive interview
BB Biotech - executive interview | 08/09/2022
With the first half of 2022 proving difficult for biotech companies' share prices, we are now seeing a rebound. Daniel Koller gives his views on industry…
Building momentum in Q222
paragon | 30/08/2022
paragon’s Q222 results show an acceleration of revenue growth across the business and, while adjusted EBITDA was modestly lower, management has increased…
Fall in public multiples reduced portfolio value
Deutsche Beteiligungs | 22/08/2022
Deutsche Beteiligungs (DBAG) reported a net loss of €78.3m in 9M22 (ending June 2022), which translated into an 11.7% NAV decline (in total return…
German whistleblowing law set for end Q3
EQS Group | 15/08/2022
The long and frustrating wait for the EU directive on whistleblowing to be passed into law in Germany should finally end in late September and we would…
FY22 guidance reiterated after strong Q222
JDC Group | 12/08/2022
JDC Group (JDC) reported strong Q222 numbers and reiterated its FY22 guidance for revenues of €165.0–175.0m (FY21: €146.8m) and EBITDA…
Refocused automotive growth strategy
paragon | 09/08/2022
paragon has spent much of the pandemic refocusing on its core automotive activities and addressing the issue of bond refinancing. Both are now largely…
Making CLIQ a household name
CLIQ Digital | 05/08/2022
CLIQ Digital’s H122 results were strong across all KPIs, illustrating that the group is on track to reach management’s FY22 guidance, which…
Adding more client groups
JDC Group | 14/07/2022
Bancassurance, advisory and service platform JDC Group announced a joint venture with Bain Capital and its main shareholder Great-West Lifeco (GWL) to…
A high-tech growth investor from Germany
Heliad Equity Partners | 11/07/2022
Heliad Equity Partners (HEP) seeks to offer investors exposure to early-stage, private tech companies, with a particular focus on growth investments, through…
Regulatory stimulus set for H222
EQS Group | 20/06/2022
EQS is in a strong position to build its client base as the EU whistleblowing directive comes into force across Europe. Delays in adoption of formal legislation…
Strategic update and financials upgrade
CLIQ Digital | 17/06/2022
CLIQ Digital has updated its business plan and lifted guidance, raising the FY22 revenue target from €210m to €250m, with EBITDA up from over…
Starting to execute on large client wins
JDC Group | 30/05/2022
Bancassurance advisory and service platform JDC Group (JDC) reported strong Q1 results. After large client wins in the last few years, most notably Provinzial…
Valuations hit by macro headwinds
Deutsche Beteiligungs | 26/05/2022
Deutsche Beteiligungs (DBAG) reported a 5.3% NAV decrease to €631.6m (defined as equity value) in H122 in total return terms. The main driver of…
Looking ahead to renewed opportunities
HBM Healthcare Investments | 25/05/2022
HBM Healthcare Investments (HBMN) posted its first NAV loss in a decade for FY22 (ended 31 March), but, as shown in the chart below, its long-term performance…
executive interview
Edison Open Forum: Investing in Space 2022 | Mynaric | 23/05/2022
Nasdaq- and Frankfurt-listed Mynaric is leading the industrial revolution of laser communications by producing optical communications terminals for air,…
Evolving the sales model
Evolva | 18/05/2022
Evolva has signed a distribution agreement to jointly develop the Brazilian market for resveratrol with its new partner, Tovani Benzaquen, a distributor…