German Market Community

strong economic moat: no competitor, Licensed by the state - very profitable business (Net Margin > 30%) Risk: uncertain future gas transition demand due to reduction of fossil fuel usage (-5...15 % 2023-2027) Chance: multi molecule gas plattform (H2, CO2, Biomethane) -> Prepare Infrastructure (Backbone, industry enabler), Ruxit -> more LNG, gas from Africa -> access EU via meditarian sea highly capitel intesiv (huge Capex), onging Investments (H2 ready -> H2 proof, CCS Ravenna, Biomethan platform, Duel Fuel compressor stations, methan leakage monitoring, Iot, Digitaliziation... ), 40 % EU Taxonomie conform Critical infrastructure: H2/CCS Transition in Europe, diversified (stake in few european pipline operator) South H2 corridor (3300 km): Most cost-effective corridor (€ 0.4-0.6/kg to Germany) with embedded line pack storage Baa2, BBB+, Italy has 30% stake

Costco Wholesale Corporation (COST) ist ein amerikanisches multinationales Unternehmen, das eine Kette von Mitgliederclubs betreibt, die eine breite Palette von Waren zu relativ niedrigen Preisen anbieten. Potenzielle Katalysatoren für Umsatz- und Ertragswachstum: Expansion in neue Märkte: Costco expandiert weiter in neue Märkte, insbesondere in Asien und Europa.

My main narrative for FRE: What former CEO Mark Schneider blow up to an inefficient giant, will now be cut down by actual CEO Michael Sen and trimmed on efficiency from formally 4 segments FMC (dialyses), Helios (private hospitals), Kabi(Generic & Infusions), Vamed (Projects & Digitalization) only 2 remain: Helios, Kabi, the other will be sold, and the intakes will help to restructure the financial situation under Mark Schneider the Spanish hospitals were acquired, this was a good deal: privat hospital runs well in Spain, because of their good reputation wealthy Latin Americans travel for medical treatments to Spain I focus also on: More equity than debt. Ratio is at 62% (debt/equity).

Key Takeaways Expansion into new markets and unique holiday experiences should enhance revenue growth and pricing power, improving net margins. Significant tech investments and sustainability efforts are expected to cut costs and boost operational efficiency, positively impacting earnings.

Key Takeaways Strategic partnerships and investments in automation and AI may boost KION's product offerings, innovation pace, and revenue growth. A focus on the service business and cost efficiencies in supply chain solutions could enhance KION's margins and cash flows.

Key Takeaways Expanding into specialty segments and acquisitions may boost revenue, EBIT margins, and geographical presence in high-growth industries. Efficiency efforts and market share gains in China could enhance net margins, revenue growth, and EPS.

Key Takeaways Strong revenue growth driven by core agent memberships and private subscriptions, alongside positive contributions from strategic acquisitions and enhanced product offerings. Integration of AI features and expansion of subscription services are set to deepen customer relationships, increasing average revenue per user and driving growth.

Key Takeaways Streamlined operations and acquisitions are expected to enhance earnings, boost AFFO per share, and improve margins. Rent growth and capital recycling support revenue expansion, balance sheet strength, and increased property appeal.

Key Takeaways Lufthansa's operational improvements and fleet modernization are set to enhance net margins by reducing costs and boosting efficiency. Strategic expansions and digitalization efforts aim to capitalize on growing air travel demand and diversify revenue streams.