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 Strategic focus on operational performance and cost savings initiatives is anticipated to enhance operating margins and improve earnings. Progress in growth markets and new technology launches is expected to drive revenue growth and expand market share.

Key Takeaways Covestro's initiatives to reduce CO2 emissions and enhance renewable energy use aim to cut costs and improve margins. Increasing production reliability and potential synergies from transactions indicate promising long-term revenue and EBITDA growth.

Key Takeaways Transitioning to a SaaS model is driving strong recurring revenue growth and positively impacting revenue and cash flow. Integration and international expansion strategies enhance revenue potential, improve margins, and support organic growth in key segments.

Key Takeaways Spin-off and restructuring efforts might enhance focus and asset efficiency, aiding profitability and streamlining operations. Growth in tire and replacement markets, alongside strategic cost-reduction programs, could boost earnings and drive higher revenues.

Key Takeaways Strong order intake and rail sector demand, especially in Asia Pacific, indicate potential future revenue growth and positive market positioning. Efficiency measures and strategic financing, including sustainability-focused initiatives, are expected to enhance net margins and investor confidence.

Key Takeaways Transformation initiatives and sustainability projects are set to improve margins, revenues, and earnings through cost efficiencies and eco-friendly strategies. Positive North American performance and strategic plant closures are expected to boost future revenue growth and enhance operating margins.