German High Return On Equity, Low Debt

RATIONAL

Market Cap: €7.1b

Engages in the development, production, and sale of professional cooking systems for industrial kitchens in Germany, rest of Europe, North America, Latin America, Asia, Australia, New Zealand, the Middle East, and Africa.

Tradegate Wertpapierhandelsbank

Market Cap: €2.1b

Provides various financial services in Germany.

Freetrailer Group

Market Cap: €688.2m

Operates as a trailer rental company in Denmark, Sweden, Germany, and Norway.

Mensch und Maschine Software

Market Cap: €687.6m

Provides computer aided design, manufacturing, and engineering, product data management, and building information modeling/management solutions in Germany, Austria, Switzerland, the United Kingdom, Italy, France, Hungary, and internationally.

WashTec

Market Cap: €551.4m

Provides solutions for car wash in Germany, Europe, North America, and the Asia Pacific.

Ernst Russ

Market Cap: €231.1m

A publicly owned investment manager.

Exasol

Market Cap: €77.9m

A technology company, engages in the provision of an analytics engine to access and analyze a company’s data in Germany, Austria, Switzerland, Rest of Europe, United Kingdom, and Region America.

2invest

Market Cap: €70.6m

An investment company, acquires, holds, manages, and sells investments in corporations and partnerships primarily in the biotechnology, life science, and IT sectors in Germany and internationally.

Klassik Radio

Market Cap: €16.2m

Operates radio broadcasting stations primarily in Germany.

tick Trading Software

Market Cap: €15.3m

A software company, provides solutions for professional trading of various asset classes worldwide.