Announcement • May 25
Müller - Die lila Logistik SE, Annual General Meeting, Jun 30, 2026 Müller - Die lila Logistik SE, Annual General Meeting, Jun 30, 2026, at 11:00 W. Europe Standard Time. Reported Earnings • Apr 06
Full year 2025 earnings released: EPS: €0.54 (vs €0.48 in FY 2024) Full year 2025 results: EPS: €0.54 (up from €0.48 in FY 2024). Revenue: €254.0m (up 2.1% from FY 2024). Net income: €4.30m (up 13% from FY 2024). Profit margin: 1.7% (up from 1.5% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. New Risk • Apr 05
New major risk - Revenue and earnings growth Earnings have declined by 8.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.4x net interest cover). Earnings have declined by 8.6% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (1.5% net profit margin). Market cap is less than US$100m (€36.3m market cap, or US$41.8m). New Risk • Mar 03
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.4x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (1.5% net profit margin). Market cap is less than US$100m (€38.0m market cap, or US$44.1m). Announcement • Dec 10
Müller - Die lila Logistik SE to Report Fiscal Year 2025 Results on Mar 31, 2026 Müller - Die lila Logistik SE announced that they will report fiscal year 2025 results on Mar 31, 2026 New Risk • Dec 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 3.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.4x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (3.8% average weekly change). Profit margins are more than 30% lower than last year (1.5% net profit margin). Market cap is less than US$100m (€34.5m market cap, or US$40.1m). Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €5.40, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 15x in the Logistics industry in Europe. Total returns to shareholders of 2.1% over the past three years. Board Change • Sep 02
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Deputy Chairman Christoph Schubert was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Aug 18
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.5% Last year net profit margin: 3.1% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.4x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (1.5% net profit margin). Market cap is less than US$100m (€39.6m market cap, or US$46.4m). Upcoming Dividend • May 30
Upcoming dividend of €0.10 per share Eligible shareholders must have bought the stock before 05 June 2025. Payment date: 09 June 2025. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (4.3%). Lower than average of industry peers (2.7%). Board Change • May 28
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Deputy Chairman Christoph Schubert was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Apr 12
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.2% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.4x net interest cover). Earnings have declined by 0.1% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€36.3m market cap, or US$41.1m). Reported Earnings • Mar 31
Full year 2024 earnings released: EPS: €0.48 (vs €0.23 in FY 2023) Full year 2024 results: EPS: €0.48 (up from €0.23 in FY 2023). Revenue: €253.5m (down 2.5% from FY 2023). Net income: €3.83m (up 114% from FY 2023). Profit margin: 1.5% (up from 0.7% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. New Risk • Mar 05
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). Earnings have declined by 0.6% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (€39.1m market cap, or US$41.5m). Board Change • Feb 10
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. No independent directors (4 non-independent directors). Director Per Klemm was the last director to join the board, commencing their role in 2004. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Dec 18
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. No independent directors (4 non-independent directors). Director Per Klemm was the last director to join the board, commencing their role in 2004. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. New Risk • Aug 19
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.2x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.2x net interest cover). Earnings have declined by 1.6% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€46.9m market cap, or US$51.7m). Announcement • Jul 20
Müller - Die lila Logistik SE to Report Q2, 2024 Results on Aug 16, 2024 Müller - Die lila Logistik SE announced that they will report Q2, 2024 results on Aug 16, 2024 Announcement • May 15
Müller - Die lila Logistik SE, Annual General Meeting, Jun 20, 2024 Müller - Die lila Logistik SE, Annual General Meeting, Jun 20, 2024, at 11:00 W. Europe Standard Time. New Risk • Apr 15
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 63% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 1.5% per year over the past 5 years. Minor Risks High level of debt (109% net debt to equity). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (€46.1m market cap, or US$49.0m). New Risk • Apr 14
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.6x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). Earnings have declined by 2.4% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (€46.1m market cap, or US$49.1m). New Risk • Feb 27
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (151% net debt to equity). Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (€54.5m market cap, or US$59.2m). Announcement • Jul 01
Müller - Die lila Logistik SE to Report Q2, 2023 Results on Aug 11, 2023 Müller - Die lila Logistik SE announced that they will report Q2, 2023 results on Aug 11, 2023 Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improved over the past week After last week's 17% share price gain to €6.00, the stock trades at a trailing P/E ratio of 5.3x. Average trailing P/E is 9x in the Logistics industry in Europe. Total loss to shareholders of 13% over the past three years. Reported Earnings • Aug 15
First half 2022 earnings released: EPS: €0.04 (vs €0.18 in 1H 2021) First half 2022 results: EPS: €0.04 (down from €0.18 in 1H 2021). Revenue: €73.2m (up 6.7% from 1H 2021). Net income: €351.4k (down 76% from 1H 2021). Profit margin: 0.5% (down from 2.1% in 1H 2021). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Jul 09
Müller - Die lila Logistik AG to Report Q2, 2022 Results on Aug 12, 2022 Müller - Die lila Logistik AG announced that they will report Q2, 2022 results on Aug 12, 2022 Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment deteriorated over the past week After last week's 36% share price decline to €6.75, the stock trades at a trailing P/E ratio of 5.3x. Average trailing P/E is 12x in the Logistics industry in Europe. Total loss to shareholders of 7.4% over the past three years. Upcoming Dividend • May 27
Upcoming dividend of €1.20 per share Eligible shareholders must have bought the stock before 03 June 2022. Payment date: 08 June 2022. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of German dividend payers (4.3%). In line with average of industry peers (3.4%). Valuation Update With 7 Day Price Move • May 26
Investor sentiment improved over the past week After last week's 18% share price gain to €10.60, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 12x in the Logistics industry in Europe. Total returns to shareholders of 17% over the past three years. Reported Earnings • Apr 01
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: €1.27 (up from €0.16 in FY 2020). Revenue: €148.7m (up 12% from FY 2020). Net income: €10.1m (up €8.79m from FY 2020). Profit margin: 6.8% (up from 1.0% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 24%. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment improved over the past week After last week's 20% share price gain to €6.80, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 14x in the Logistics industry in Europe. Total loss to shareholders of 5.6% over the past three years. Reported Earnings • Apr 03
Full year 2020 earnings released: EPS €0.16 (vs €0.85 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €136.7m (down 1.5% from FY 2019). Net income: €1.30m (down 81% from FY 2019). Profit margin: 0.9% (down from 4.9% in FY 2019). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Mar 05
Müller - Die lila Logistik AG Announces Executive Changes Müller - Die lila Logistik AG changed successfully to Müller - Die lila Logistik SE. The change of legal form for the logistics service provider Müller - Die lila Logistik into a European public limited company (Societas Europaea, SE) has taken place with the entry into the commercial register on March 2, 2021 under the new commercial register number HRB 777931. With the entry of the new corporate form in the Commercial Register under the monistic constitution of the new SE, Michael Müller (54) has taken over as Chairman of the Administrative Board in addition to his function as CEO on the Executive Board. The Administrative Board also includes the previous Vice Chairman of the Supervisory Board, Christoph Schubert (60), and the previous member of the Supervisory Board, Per Klemm (54), as well as the former CEO of thyssenkrupp Materials Services GmbH, Mr. Joachim Limberg (66), as Vice Chairman of the Administrative Board. In addition to Michael Müller as Chief Executive Officer, the Executive Committee also includes Rupert Fruh (54) in the function of Chief Financial Officer, Marcus Hepp (47) in the function of Chief Sales Officer, and Jochen Haberkorn (51), previously a member of the Executive Committee, who has newly joined the Board of Directors and assumed responsibility for operations as COO. Is New 90 Day High Low • Jan 28
New 90-day high: €6.10 The company is up 7.0% from its price of €5.70 on 30 October 2020. The German market is up 19% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Logistics industry, which is also up 7.0% over the same period. Is New 90 Day High Low • Dec 16
New 90-day low: €5.35 The company is down 16% from its price of €6.35 on 17 September 2020. The German market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Logistics industry, which is up 3.0% over the same period. Is New 90 Day High Low • Nov 11
New 90-day low: €5.65 The company is down 13% from its price of €6.50 on 12 August 2020. The German market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Logistics industry, which is up 9.0% over the same period. Is New 90 Day High Low • Oct 15
New 90-day low: €5.85 The company is down 11% from its price of €6.60 on 17 July 2020. The German market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Logistics industry, which is up 21% over the same period. 
