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Growth pains
MyBucks | 09/01/2018

MyBucks (MBC) is pursuing technological and regional growth initiatives despite immediate challenges in integrating new acquisitions. The group is fully…

Capital restructuring
Evolva | 05/01/2018

On 2 October, Evolva announced equity financing plans with the aim of raising CHF80m (gross) proceeds in two separate transactions in October and November…

Better farm gate milk prices reduce losses
Tonkens Agrar | 02/01/2018

As management predicted at the interim stage, the sustained increase in farmgate milk prices helped Tonkens Agrar (Tonkens) deliver an improved performance…

Christmas comes early
Borussia Dortmund | 19/12/2017

Immediate back-to-back Bundesliga wins under new coach Peter Stöger is at least a welcome change of fortune for beleaguered Dortmund. Now the winter…

Focus is the key foundation
aap Implantate | 28/11/2017

aap Implantate’s recent results for Q317 and the first nine months of 2017 (9M17) justified its recent trauma focus with 11% and 13% increases in…

Acquisition of HTI's plastics division
Nanogate | 27/11/2017

Nanogate has announced that it is to acquire the plastics division of Austrian company HTI High Tech industries (HTI) for 275,000 new shares, (c €13m…

High-conviction specialist with impressive record
BB Biotech | 23/11/2017

BB Biotech (BION) is a long-established (since 1993), Switzerland-based global investor in the innovative area of biotechnology. It is differentiated from…

Rising expectations
RCM Beteiligungs | 22/11/2017

Q3 results show RCM Beteiligungs to be in fine form. A rise of over 50% in pre-tax profit accompanied confident guidance both for this year (proposed 50%…

A world of new surfaces
Nanogate | 16/11/2017

Since 2014, Nanogate has achieved stellar growth, doubling revenues to exceed its €100m goal in 2016, at least a year earlier than expected. This…

Emerging market fintech
MyBucks | 15/11/2017

Founded in 2011, MyBucks (MBC) has been profitable at the operational level since its second year of operations, providing microloans, insurance and banking…

Leading online brokerage
FinTech Group | 15/11/2017

FinTech Group’s (FTG) online brokerage business, Flatex, has been benefiting from the popularity of exchange-traded products and its customer base…

Strategic refocus in progress
German Startups Group | 15/11/2017

German Startups Group (GSG) returned to its profitable path, with four exits, one partial disposal and several upward revaluations of key portfolio holdings…

Proprietary software driving growth
Mensch und Maschine Software SE | 14/11/2017

Mensch und Maschine Software provides CAD/CAM software to the industrial and construction sectors to support the digitisation of their design, manufacture…

TCR clinical trial initiation imminent
Medigene | 09/11/2017

Medigene’s Q3 results are in line with our forecasts. The company has submitted its Phase I/II clinical trial application for its lead TCR cellular…

Revenue growth and continued executions
The NAGA Group | 02/11/2017

NAGA saw 90% growth in pro forma revenue to €3.7m from trading activities and a 74% increase in total sales to €4.3m in H117, compared with H216.…

Becoming a dermato-oncology expert
4SC | 30/10/2017

4SC’s new core strategy revealed earlier this year has focused on dermato-oncological indications, while its assets for other indications are partnered.…

Low rating, but industry uncertainties persist
Nürnberger Beteiligungs | 23/10/2017

Nürnberger’s results this year are riding out the challenging environment; net income rose 63% to €42m and guidance for the full year was…

Clean-up continues
mic | 20/10/2017

The latest filings show an improved H117 and a strengthened balance sheet. Liquid funds of €175k in late September stand against target monthly fixed…

FY17 confirmed as an exceptional year
Deutsche Beteiligungs | 19/10/2017

Deutsche Beteiligungs (DBAG) reported a 22.1% NAV return for the first nine months of FY17, and management guidance is for a further uplift in the final…

Positive development despite headwinds
Ringmetall | 18/10/2017

Ringmetall made good progress during H117, driven by strong growth in the key Industrial Packaging division. Margins are being dampened by higher input…

Improving profitability and order backlog
Daldrup & Söhne | 18/10/2017

Daldrup & Söhne continues to benefit from regulatory support for geothermal energy in Germany. This is evidenced by its order backlog of €75m…

Project delays impairing results
Lloyd Fonds | 13/10/2017

Lloyd Fonds (LF) is suffering from tough conditions in the shipping markets, lower trusteeship fees due to asset disposals and contract expiries, as well…

Material ramp-up in production in H2
Deutsche Rohstoff | 13/10/2017

Deutsche Rohstoff (DRAG) generated group sales of €32.1m and EBITDA of €23.5m in H117, significantly de-risking consensus full year forecasts,…

Name change reflects VOD strategy
Pantaflix | 12/10/2017

Pantaflix has undergone significant transition over H117. The newly renamed company has delivered a number of functional improvements to its eponymous…

H1 sees positive financial development
Williams Grand Prix | 11/10/2017

Half-year results demonstrated strong progress, notably in the racing activity although, with four races left in the 2017 F1 season, another fifth place…