02 December 2025

TEST 02.12.2025

Duerr AG, Encavis AG, Leoni AG

30 September 2025

TEST 30.09.2025

HELMA Eigenheimbau AG, Stabilus SA

02 July 2025

TEST 02.07.2025

Aves One AG, KPS AG, SAF-Holland SA, VTG AG

02 July 2025

Test 2 02.07.2025

Aves One AG, EQS Group AG, SAF-Holland SA

26 May 2025

TEST 26.05.2025

JOST Werke AG

30 April 2025

TEST 30.04.2025

Norma Group SE, SAF-Holland SA

21 April 2024

TEST 22.04.2024

Elringklinger AG

27 February 2024

Test 28.02.2024

Stabilus SA

21 January 2024

Test 22.01.2024

Paragon GmbH & Co KGaA

27 April 2023

sponsored

Test 28.04.23

JOST Werke AG

23 February 2023

Test 24.02.23 RM 1

STS Group AG

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

06 May 2019

Racehorse: paragon’s share price decline of 22% exaggerated

Paragon GmbH & Co KGaA

05 May 2019

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

Stabilus SA

16 April 2019

The pressure is fading

Grammer AG

08 April 2019

Relief rally might be over – Problems not off the table

Leoni AG

27 March 2019

High FCF, but low Dividend pay-out

JOST Werke AG

27 March 2019

Geis(inator) to spur profitability

SAF-Holland SA

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

19 February 2019

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

Elringklinger AG

10 February 2019

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

Leoni AG

03 February 2019

Weak Q1 results and reduced outlook broadly priced into share price

Stabilus SA

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

21 November 2018

JOST is a cash cow vs SAF-HOLLAND

JOST Werke AG

15 November 2018

2019 consensus too high, further revisions necessary –> revaluation

Stabilus SA

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

06 November 2018

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

Norma Group SE

21 October 2018

Focus on 2019: No catalysts so far

Leoni AG

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

24 September 2018

The whole mgmt board is going to leave

Grammer AG

27 August 2018

Peak quarter and likely the turning point to the downside

JOST Werke AG

14 August 2018

Likely transition year 2019

Leoni AG

07 August 2018

The air has gone completely

Grammer AG

06 August 2018

Net debt higher than market cap

Elringklinger AG

05 August 2018

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

Stabilus SA

26 July 2018

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

Norma Group SE

16 July 2018

Second profit warning within one year

SAF-Holland SA

04 July 2018

Voltabox: Value chain expanded

Paragon GmbH & Co KGaA

25 June 2018

‘Every year’ - profitability reduction

Elringklinger AG

10 June 2018

Limited upside potential

Norma Group SE

28 May 2018

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

Grammer AG

23 May 2018

Q1 figures not a game changer

JOST Werke AG

21 May 2018

Initiation: ‘Stabilus’ is everywhere

Stabilus SA

15 May 2018

More room to the upside

Leoni AG

08 May 2018

Weak set of financials for Q1 2018

SAF-Holland SA

06 May 2018

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

Norma Group 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

27 March 2018

Where is the 13% EBIT margin…?

Elringklinger AG

22 March 2018

Solid 2018 outlook broadly priced in

Grammer AG

15 March 2018

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

SAF-Holland SA

06 March 2018

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

SAF-Holland SA

06 February 2018

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

Elringklinger 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

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

Leoni AG