03 September 2025

Test 03.09.2025

KPS AG, RIB Software SE

27 July 2023

Test 28.07.23

Nemetschek SE

06 July 2023

Test 07.07.2023

Aves One AG

25 May 2023

Test 26. Mai 2023

Aves One AG

27 April 2023

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Test 28.04.23

JOST Werke AG

23 February 2023

Test 24.02.23 RM 1

STS Group AG

23 February 2023

Test 24.02.23 RM 1

Accentro Real Estate AG

12 February 2023

test 13.02.23 RM

Bechtle AG

12 February 2023

test 13.02.23 RM

Bechtle AG

01 February 2023

test 2. Februar 2023

Accentro Real Estate AG

29 September 2022

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Test

Villeroy & Boch AG

31 March 2022

Test 01.04.2022

Accentro Real Estate AG

31 March 2022

Test2 01.04.2022

Accentro Real Estate AG

23 November 2021

Test November

7C Solarparken AG

03 October 2021

Testing

7C Solarparken AG

01 September 2021

Test 2. Sept

Datagroup SE

27 July 2021

Test

Schaltbau Holding AG

27 July 2021

Test2

Reply SPA

19 July 2021

test ralf

PSI Software AG

10 November 2019

GFT with very positive Q3 figures – significant pick-up on revenues

Bechtle AG

10 November 2019

GFT with very positive Q3 figures – significant pick-up on revenues

Accentro Real Estate AG

10 November 2019

GFT with very positive Q3 figures – significant pick-up on revenues

Accentro Real Estate AG

15 September 2019

Test MERTENS 16092019

Accentro Real Estate AG

15 September 2019

Test MERTENS 16092019 #2

Accentro Real Estate AG

18 August 2019

Test

Aves One AG

18 August 2019

test 3

Aurubis AG

20 May 2019

Cloud platform about to gain market share as flexible one-stop shop

Datagroup SE

19 May 2019

Uninspiring Q1 figures, shaky end-markets and lock-up ending ahead

STS Group AG

14 May 2019

Net debt higher than market cap. – Capital increase mandatory – Massive dilution ahead – SELL now

Leoni AG

14 May 2019

H2 expected to be somewhat weaker & IFRS impact not mentioned

KPS AG

12 May 2019

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Q1 slightly better than expected

GFT Technologies SE

06 May 2019

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Slow start in Q1/19 - Growth confirmed

Accentro Real Estate AG

05 May 2019

FY 2019 sales outlook ambitious

Zalando SE

05 May 2019

Hands off – we do not believe in H2 sales of at least EUR 496m

Stabilus SA

02 May 2019

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User growth better than expected

RIB Software SE

02 May 2019

Better than expected Q1 figures

PSI Software AG

23 April 2019

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Q1-19: mixed picture

Villeroy & Boch AG

16 April 2019

The pressure is fading

Grammer AG

15 April 2019

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Project delays lead to declining growth

Accentro Real Estate AG

14 April 2019

Outperformance ahead – BUY now

HELLA GmbH & Co KGaA

14 April 2019

Compliance remains growth driver

EQS Group AG

14 April 2019

Cloud platform about to gain market share as flexible one-stop shop

Datagroup SE

08 April 2019

Relief rally might be over – Problems not off the table

Leoni AG

01 April 2019

Outlook for FY 2019 EBIT conservative

init innovation in traffic systems SE

27 March 2019

High FCF, but low Dividend pay-out

JOST Werke AG

27 March 2019

Geis(inator) to spur profitability

SAF-Holland SA

26 March 2019

Competition clearly dampens sales growth

Zooplus AG

25 March 2019

Increased growth expectations lead to target price upgrade

PSI Software AG

20 March 2019

2019 outlook okay, but not a catalyst

Norma Group SE

18 March 2019

The manure should be out now

Leoni AG

11 March 2019

FY 2018 guidance reached

Paragon GmbH & Co KGaA

11 March 2019

Signs are on further growth

Zalando SE

04 March 2019

Q4 top line well ahead of consensus

Nexus AG

27 February 2019

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Buying opportunity after bad news released

GFT Technologies SE

19 February 2019

If more worse quarters than floating of up to 32m new shares –> dilution

Elringklinger AG

18 February 2019

sponsored

Initiatives in Tableware segment and property sale to trigger share price

Villeroy & Boch AG

18 February 2019

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Project delays lead to declining growth

Accentro Real Estate AG

10 February 2019

Nepotism should come to an end – Due to ‘Value21’ blood will flow

Leoni AG

06 February 2019

Strong FY18 - upbeat FY19 guidance

LPKF Laser & Electronics

04 February 2019

Estimates up ahead of preliminaries

Nemetschek SE

03 February 2019

Weak Q1 results and reduced outlook broadly priced into share price

Stabilus SA

30 January 2019

Guidance slightly below expectations

KPS AG

27 January 2019

Preview: Guidance to be released & positive Q1 18/19 expected

KPS AG

13 January 2019

Maintaining contrarian to consensus - relief rally good opportunity to divest

HELLA GmbH & Co KGaA

08 January 2019

‘Motley group’ without any track record and low transparency

STS Group AG

10 December 2018

After impressive sell-off time to HOLD

Stabilus SA

03 December 2018

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7C plans to accelerate growth

7C Solarparken AG

29 November 2018

Bechtle set to gain market share & continue strong track record

Bechtle AG

26 November 2018

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Gaining speed on the rail track

Aves One AG

21 November 2018

JOST is a cash cow vs SAF-HOLLAND

JOST Werke AG

15 November 2018

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Adjustment of YTWO expectations

RIB Software SE

15 November 2018

2019 consensus too high, further revisions necessary –> revaluation

Stabilus SA

13 November 2018

Q3 slightly better than expected

Reply SPA

08 November 2018

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On track to new records

Accentro Real Estate AG

07 November 2018

10 years of positive free cash flow generation might come to an end – First time since IPO negative FCF

SAF-Holland SA

07 November 2018

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GFT: Mid-term guidance at risk & 2018 sales guidance slightly lowered

GFT Technologies SE

06 November 2018

FY 18 profitability outlook at risk – Q4 seasonally the weakest in the year

Norma Group SE

05 November 2018

Q3/18 slightly better than expected

Nexus AG

04 November 2018

Major upside by more stable profits

Aurubis AG

31 October 2018

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Further Guidance increase possible

RIB Software SE

28 October 2018

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Lower TP due to higher sales cost

GFT Technologies SE

21 October 2018

Focus on 2019: No catalysts so far

Leoni AG

21 October 2018

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Increase of sales and earnings despite hot summer

Villeroy & Boch AG

16 October 2018

Strong Q3/18 Sales and order intake

LPKF Laser & Electronics

15 October 2018

European car market starts to weaken – as a result reduced FY 2018 outlook

Grammer AG

04 October 2018

Downgrade to SELL – headwinds imply difficult start into Q1 18/19

Stabilus SA

27 September 2018

Initation: Overlooked technological leadership providing upside

PSI Software AG

26 September 2018

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Increased FY 2018 guidance conservative

7C Solarparken AG

26 September 2018

Toxic mix: WLTP, European car market cyclicality, US/China tensions

HELLA GmbH & Co KGaA

24 September 2018

The whole mgmt board is going to leave

Grammer AG

17 September 2018

Sometimes too hot, sometimes too cold – it is always something

Zalando SE

27 August 2018

Peak quarter and likely the turning point to the downside

JOST Werke AG

19 August 2018

Strong investment in IT knowledge

EQS Group AG

14 August 2018

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Riding the privatisation wave

Accentro Real Estate AG

14 August 2018

Likely transition year 2019

Leoni AG

12 August 2018

FY 2018 guidance confirmed

init innovation in traffic systems SE

12 August 2018

Peak scenario for EBIT margin…

HELLA GmbH & Co KGaA

08 August 2018

Initiation: Profiting from ongoing digitalisation

Reply SPA

07 August 2018

The air has gone completely

Grammer AG

06 August 2018

Net debt higher than market cap

Elringklinger AG

06 August 2018

Guidance slightly reduced

Zalando SE

05 August 2018

Strong organic growth, but some clouds regarding ‘capex’ cycle

Stabilus SA

30 July 2018

Deutz AG raises revenue and profit outlook for FY18

Deutz AG

26 July 2018

Commodity prices dragging down FY adj. EBITA margin firstly under 17%

Norma Group SE

19 July 2018

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H1-18: light and shadow

Villeroy & Boch AG

18 July 2018

Market expectations too ambitious

HELLA GmbH & Co KGaA

16 July 2018

Second profit warning within one year

SAF-Holland SA

16 July 2018

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Preview H1-18

Villeroy & Boch AG

12 July 2018

Strong Q2/18–start of renewed growth trend?

LPKF Laser & Electronics

04 July 2018

Voltabox: Value chain expanded

Paragon GmbH & Co KGaA

27 June 2018

Initiation: Best in class product innovation paired with strong tailwinds

Nexus AG

25 June 2018

‘Every year’ - profitability reduction

Elringklinger AG

21 June 2018

sponsored

150 MWp in sight and fresh money

7C Solarparken AG

17 June 2018

sponsored

Acquisition of privatization project in Berlin to support growth

Accentro Real Estate AG

11 June 2018

Initiation: Consistent growth at a fair price

Nemetschek SE

10 June 2018

Limited upside potential

Norma Group SE

05 June 2018

sponsored

Solid start into FY 2018

7C Solarparken AG

03 June 2018

Q1-18 characterized by investment offensive

EQS Group AG

28 May 2018

The cuckoo lays its eggs in other birds' nests – in this case GRAMMER itself

Grammer AG

23 May 2018

Solid Q1 figures and changes in management

Schaltbau Holding AG

23 May 2018

Promising start into FY 2018

MBB SE

23 May 2018

Q1 figures not a game changer

JOST Werke AG

21 May 2018

Growth, growth, loss

Zooplus AG

21 May 2018

Initiation: ‘Stabilus’ is everywhere

Stabilus SA

15 May 2018

More room to the upside

Leoni AG

13 May 2018

Cautious start into FY 2018

init innovation in traffic systems SE

08 May 2018

Weak set of financials for Q1 2018

SAF-Holland SA

07 May 2018

sponsored

Initiation: Fast privatisation of residential property leads to high margin business concept

Accentro Real Estate AG

07 May 2018

sponsored

Solid start into FY 2018

Villeroy & Boch AG

06 May 2018

For FY 2018 stronger organic sales growth expected – TP upped to €70

Norma Group SE

01 May 2018

sponsored

On the way to a 200 MWp player

7C Solarparken AG

25 April 2018

Initiation: Remember summer 2015; Mid-term expectations look exaggerated

HELLA GmbH & Co KGaA

23 April 2018

sponsored

RIB and Microsoft join forces

RIB Software SE

18 April 2018

sponsored

CMD Feedback

GFT Technologies SE

15 April 2018

Weak profitability expected in Q1 18

SAF-Holland SA

12 April 2018

Initiation: Track record: Sales growth in 19 of 20 years with high margins

Norma Group SE

02 April 2018

Initiation: Mid-term expectations look exaggerated

JOST Werke AG

28 March 2018

No improvement in sight

Zooplus AG

27 March 2018

Where is the 13% EBIT margin…?

Elringklinger AG

27 March 2018

sponsored

Buying opportunity – on the operational side nothing has changed

RIB Software SE

25 March 2018

Under full steam

init innovation in traffic systems SE

22 March 2018

Solid 2018 outlook broadly priced in

Grammer AG

19 March 2018

2018 results confirm moderately positive outlook

Deutz AG

19 March 2018

Focus on growth

Zalando SE

15 March 2018

Final 2017 figures not a share price catalyst; Acquisition too expensive

SAF-Holland SA

06 March 2018

Prel. FY 2017 figures far above expectations

init innovation in traffic systems SE

06 March 2018

‘Best of two worlds’, but only adj. margin of 8-8.5%, headwinds ahead…

SAF-Holland SA

01 March 2018

sponsored

Initiation: Massive upside potential from joint venture

RIB Software SE

01 March 2018

Mid-term focus on growth

Zalando SE

28 February 2018

sponsored

Phase I of growth strategy fulfilled

7C Solarparken AG

25 February 2018

Temporary growth set back?

Duerr AG

22 February 2018

Strong mid-term outlook

MBB SE

22 February 2018

Initiation of coverage: Growth to be restored

Schaltbau Holding AG

21 February 2018

Growth to be restored

GFT Technologies SE

14 February 2018

sponsored

Tableware: Recovery has started

Villeroy & Boch AG

06 February 2018

Initiation: Wage increases and high R&D expense cycle around the corner

Elringklinger AG

05 February 2018

Digitalization will support growth

KPS AG

28 January 2018

FY 2018 outlook not convincing

Paragon GmbH & Co KGaA

28 January 2018

Initiation: Sword of Damocles slowly fading – chances and risks well balanced

Grammer AG

21 January 2018

Mid-term sales guidance reduced

HELMA Eigenheimbau AG

21 January 2018

The valuation play - catch-up potential to its peer group

Leoni AG