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Broadening portfolio stimulates profitability
The NAGA Group | 13/07/2018
NAGA Group (N4G) moved to positive EBITDA of €2.9m in FY17 on the back of higher brokerage fees and one-off ICO-related advisory fees. Management…
On a growth path
Noratis | 04/07/2018
Recent significant fund-raising and portfolio expansion by Noratis confirm the company’s ambition to benefit from favourable macro factors and the…
NanoTherm US prostate cancer trial initiates
MagForce | 04/07/2018
MagForce has announced the enrolment of the first patient in its pivotal clinical trial evaluating NanoTherm focal ablation therapy in the US for prostate…
Pressing ahead
Edel | 04/07/2018
Edel’s H118 results to March showed good top-line progress (+8%) and an uplift in EBITDA margins from 9.3% to 9.8% as digital activities gained in…
Transformative acquisition
IBU-tec | 04/07/2018
IBU-tec has completed the acquisition of speciality chemicals company BNT Chemicals in a transformative deal that substantially expands the type of chemical…
Building on success
DATRON | 29/06/2018
Confirmation of a “very successful” start to 2018 is reassuring, given a softening in H217 after marked progress in the preceding half. Albeit…
Buy-and-build strategy fuels expansion
Mutares | 28/06/2018
Successful turnarounds supported by add-on acquisitions allowed Mutares (MUX) to post record FY17 results. Improvements across the P&L resulted from…
Growing profits and recurring revenues
Max 21 | 28/06/2018
Max 21’s repositioning, with the sale of loss-making NECDIS at end 2017 and its refocus on creating recurring revenues from hybrid business communications…
Increased profits and business activity
Daldrup & Söhne | 26/06/2018
Daldrup & Söhne made progress in building its presence in geothermal generation during FY17 and this is expected to yield additional benefits in FY18.…
Strong returns being driven by listed holdings
Heliad Equity Partners | 21/06/2018
Heliad Equity Partners (Heliad) achieved a NAV total return of 47.3% in 2017, driven by the strong performance of its listed holdings, including its largest…
Locking in growth
Blue Cap | 20/06/2018
Blue Cap is gearing up for further expansion by joining forces with like-minded counterpart, PartnerFonds, its new major shareholder (44%) and planned…
Focus on real estate and shipping markets
Ernst Russ | 13/06/2018
Ernst Russ (ERAG) continued its efforts towards a strategic shift, with real estate (revenues grew by c five times y-o-y in FY17) and shipping (sales up…
“We’re absolutely not satisfied”
Borussia Dortmund | 12/06/2018
While uncertainty about a head coach and Champions League qualification has been satisfactorily resolved, there is no denying the challenge for Borussia…
Solid AUM expansion in FY17
ÖKOWORLD | 12/06/2018
ÖKOWORLD (ÖWAG) recorded an upsurge in profits on the back of a healthy performance in managed funds (with its flagship Ökoworld Classic…
Positioning for growth
artec technologies | 06/06/2018
artec spent the 2016/17 period highly focused on modernising its software platform and, as a consequence, revenues dipped by 41% in FY17. However, in recent…
Balanced focus on growth and margins
MyBucks | 06/06/2018
Artificial intelligence (AI)-driven MyBucks (MBC) has made notable progress in recent months. The strategic partnership with NAGA is a key step in developing…
Lots to admire
Deutsche Grundstucksauktionen | 06/06/2018
Continued buoyancy in H217 has delivered another successful year for Deutsche Grundstücksauktionen (DGA). 2017 saw a double-digit increase in gross…
Accelerating the pace of growth
Ringmetall | 05/06/2018
Ringmetall continues to experience healthy organic growth and develop its operations through strategic acquisitions. Management has provided guidance for…
Efficient photonic solutions
m-u-t (Nynomic) | 01/06/2018
m-u-t has followed a record-beating FY16 with another record-beating year, as it delivers non-contact measurement systems to OEMs across a very broad range…
Positive outlook
Beta Systems | 31/05/2018
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…
Expanding the business model
German Startups Group | 29/05/2018
German Startups Group (GSG) is transforming its business model to an asset manager (through dedicated SPVs and an intended investment fund) and an online…
Market decline weighs on H118 performance
Deutsche Beteiligungs | 25/05/2018
Deutsche Beteiligungs (DBAG) reported €19.3m net income for the first half of FY18, with a 4.5% dividend-adjusted NAV return. NAV per share declined…
Investment on plan
EQS Group | 24/05/2018
EQS’s Q118 report shows performance in line with expectations, with 13% top-line growth and higher investment pushing the group into an EBITDA loss.…
Participating in the green energy revolution
2G Energy | 24/05/2018
2G Energy continues to diversify its activities, expanding export markets and developing service revenues, so that it is less exposed to changes in the…
EBITDA margins lift to 10.6% as acquisitions drive growth
DATAGROUP | 23/05/2018
DATAGROUP performed in line with expectations in H1, with revenue growing by 24%, including 1.5% organic growth, or 5–6% when adjusting for discontinued…