Over the next five years (FY 2025–2029), Deutsche Telekom will leverage its transatlantic scale, AI-driven automation and continued 5G/fibre roll-out to deliver mid-single-digit top-line growth, expanding margins, double-digit EPS gains—and trade at a stable mid-teens P/E. Revenue CAGR ≈ 3.4 % At its October 2024 Capital Markets Day, management guided to net-revenue growth of ~4 % p.a. through 2027; consensus extends this to 2029, implying a rise from €115.8 b to €136.5 b—≈ 3.4 % CAGR .Read more

HOCHTIEF bets on major infrastructure work and the shift to cleaner energy, leaning on a large pipeline of signed projects to keep growth steady. The upside case depends on the company delivering smoother execution and better project selection over the next few years—and the biggest question is what could knock that plan off course.Read more

Vossloh could get a rare boost as Germany pours major new money into rail upgrades, lifting demand for the parts and services that keep trains running safely. A planned deal that adds a key sleeper maker and a push into higher-value digital monitoring and maintenance could widen its reach—but delays in politics or integration could slow the story.Read more

RENK rides a surge in defense spending as Europe upgrades tanks and ships, pushing demand for its drivetrain and propulsion systems. The big question is whether this wave of orders and long-term maintenance work can keep growth strong as the market cools on its early excitement.Read more

Key drivers: Strong order backlog, efficiency gains, higher defence budgets, digital & services growth Margin expansion: From mid-single digits to high-teens EBIT margins by 2029 Risks: Geopolitics, supply chains, cybersecurity, ESG/regulation, talent Valuation: Trading at ~1.5x EV/Sales and ~23x forward P/E Summary: Leonardo benefits from robust global defence spending, a diversified aerospace portfolio and accelerating service revenues. Efficiency programmes and digitalisation underpin margin improvement, while a strong balance sheet supports capital allocation.Read more

NVIDIA’s chips have become the go-to workhorse for the current wave of artificial intelligence, and demand could keep rising as more companies move AI from experiments into real products. But bigger bets like cars and factory automation come with real hurdles, including trade limits and tight chip supply.Read more

thyssenkrupp nucera bets on the fast-growing green hydrogen buildout, using its existing chemical know-how to sell ready-to-scale electrolyzer equipment as more big projects move from plans to orders. The big question is whether it can deliver those projects on time and protect profits as competition, material costs, and shifting subsidies squeeze the industry.Read more

Over the next five fiscal years Siemens should compound steadily. The company’s Financial Framework targets 5 – 7 % comparable revenue growth per year; using the 5 % midpoint, sales rise from €75.9 bn in FY-2024 to c.Read more