Annonce • Jun 13
Kontron AG Announces Board Changes, Effective June 12, 2025 Kontron AG announced change of natural-person director. Title and name of the previous position holder: Yolanda Wu. Resume of the previous position holder: The director of Kontron AG. Title and name of the new position holder: Mavis Hong. Resume of the new position holder: Finance expert. Reason for the change: Mavis Hong was elected as a director at the Kontron AG AGM. Effective date of the new appointment: June 12, 2025. Annonce • May 28
Kontron Announces VX3406, 3U VPX Card with Six Ethernet Ports Kontron announced the VX3406, 3U VPX Ethernet board for harsh environments, the first to offer up to six 1000BASE-T ports each managed by a dedicated Ethernet controller, ensuring zero bandwidth attention, superior fault and cybersecurity isolation, and precise traffic prioritization. Designed for C4ISR systems, unmanned platforms and any connected warfare scenario, the ruggedized, low power consumption VX3406 ensures high resilience, secure segmentation and real-time data handling across harsh environments. The VX3406 integrates a powerful 8-port, 8-lane PCIe Gen3 switch offering users the ability to leverage up to four independent 1G/2.5G ports fully supporting TSN/IEEE1388 along with up to two dedicated 1G copper ports, enabling a total of six concurrent 1000BASE-T ports for unrivalled network expansion. Easy integration of TSN-capable controllers across its multiple independent ports avoids the need for legacy deterministic protocols or external switches, ensuring guaranteed delivery and timing precision for demanding embedded aerospace and defense environments. This makes the VX3406 ideal in use cases where low-latency, deterministic Ethernet communication is a prerequisite, including real-time sensor fusion, mission system coordination, control-loop communications and synchronized audio/video streams. The conduction cooled Kontron VX3406 is now available with an air-cooled variant available on request. Annonce • May 06
Kontron AG announces Annual dividend, payable on June 20, 2025 Kontron AG announced Annual dividend of EUR 0.6000 per share payable on June 20, 2025, ex-date on June 17, 2025 and record date on June 18, 2025. Annonce • Jan 22
Kontron AG Provides Earnings Guidance for the Years 2024 and 2025 Kontron AG provided earnings guidance for the years 2024 and 2025. For the year, the company expects significant organic revenue growth for 2025 to EUR 1.9 billion to EUR 2.0 billion. In terms of operating earnings, Kontron expects even stronger growth to at least EUR 220 million.
Preliminary calculations for the 2024 financial year indicate that the ambitious forecast for the 2024 financial year will be achieved. Revenue is expected to exceed EUR 1.7 billion, more than 40% up on the previous year. Reported Earnings • Nov 07
Third quarter 2024 earnings released: EPS: €0.39 (vs €0.30 in 3Q 2023) Third quarter 2024 results: EPS: €0.39 (up from €0.30 in 3Q 2023). Revenue: €447.1m (up 46% from 3Q 2023). Net income: €24.4m (up 30% from 3Q 2023). Profit margin: 5.5% (down from 6.1% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 08
Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2024 results: EPS: €0.35 (up from €0.28 in 2Q 2023). Revenue: €440.4m (up 53% from 2Q 2023). Net income: €21.5m (up 23% from 2Q 2023). Profit margin: 4.9% (down from 6.0% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) exceeded analyst estimates by 7.0%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Annonce • Jul 09
Kontron AG (XTRA:SANT) commences an Equity Buyback Plan for 10% of its issued share capital, under the authorization approved on November 8, 2023. Kontron AG (XTRA:SANT) commences share repurchases on July 1, 2024, under the program mandated by the shareholders in the Extraordinary Shareholders Meeting held on November 8, 2023. As per the mandate, the company is authorized to repurchase up to 10% of the issued share capital. The shares will be purchased at a price not more than 10% or above the average market price of the last 5 trading days prior to the acquisition of the shares. The repurchased shares will be sold or held in treasury. The authorization will be valid for a period of 30 months from the date of approval.
On June 14, 2024 the company announced a share repurchase program. Under the program, the company will repurchase up to 434,000 shares, representing 0.7% of its share capital, for €10 million. Repurchases of shares may be made up to a price cap of € 23 per share. In addition, the purchase price may not range more than 10% below or above the average price of the last 5 trading days in XETRA trading. The program will commence on July 1, 2024, and last until (and including) December 31, 2024 at the latest. Annonce • Jun 02
Kontron AG Introduces the XMC-ETH6 Kontron AG announced the release of the XMC-ETH6, a high-performance Gigabit Ethernet XMC designed to enhance the networking capabilities of VPX or VME Single Board Computers (SBCs). The XMC-ETH6 features six ports, providing expanded connectivity options and greater flexibility in network configuration. This increased port count allows users to establish a greater number of connections with a single card, resulting in cost and space savings at the system level. The XMC-ETH6 includes four independent 1G/2.5G ports and two independent 1G copper ports, enabling users to meet diverse network requirements. It features six independent Ethernet controllers, four of which support TSN/IEEE1388 PTP for robust and efficient network performance. Equipped with rugged, highly EMC compliant IEC 61076 standard Harting ix front connectors, the XMC-ETH6 ensures reliable and secure connectivity even in demanding environments. The XMC-ETH 6 offers flexible mounting options and is available in both air-cooled and rugged conduction-cooled versions. The air-cooled variant features front panel Ethernet connectors that comply with the IEC 'IX' Ethernet industrial standard, offering easy locking, enhanced robustness and improved EMC resistance. The reduction-cooled version is well-suited for harsh environments such as defence or transportation applications due to its rugged design. Featuring an 8-port, 8-lane PCIe Gen3 switch, the XMC-ETH 6 ensures global reliable bandwidth for high-performance applications, enabling stable and efficient data transfer. A 3U VPX format version is also available on request, with the same interfaces for seamless integration into existing systems. Upcoming Dividend • Apr 30
Upcoming dividend of €0.50 per share Eligible shareholders must have bought the stock before 07 May 2024. Payment date: 09 May 2024. Payout ratio is a comfortable 42% and the cash payout ratio is 90%. Trailing yield: 2.6%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.9%). Reported Earnings • Apr 02
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: €1.19 (up from €0.19 loss in FY 2022). Revenue: €1.25b (up 15% from FY 2022). Net income: €75.3m (up €87.5m from FY 2022). Profit margin: 6.0% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 3.3%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Annonce • Jan 19
Kontron AG (XTRA:SANT) concluded an agreement to acquire 59.42656% stake in KATEK SE (XTRA:KTEK) from Primepulse SE for approximately €130 million. Kontron AG (XTRA:SANT) concluded an agreement to acquire 59.42656% stake in KATEK SE (XTRA:KTEK) from Primepulse SE for approximately €130 million on January 18, 2024. Upon completion, Kontron will gain control over KATEK SE and will therefore be obliged to submit a mandatory offer to the shareholders of KATEK SE to acquire all outstanding shares of KATEK SE. The Supervisory Board of KATEK SE and CEO Rainer Koppitz also agreed today that Koppitz will leave the Management Board of KATEK SE by mutual agreement with effect from the end of February 29, 2024 and Johannes Fues, that he will remain on the Management Board for the transitional period until April 30, 2024 and will then also leave on the best of terms. After obtaining control, Kontron Acquisition GmbH aims to delist Katek SE from the regulated market of the Frankfurt Stock Exchange. The closing of this agreement is still subject to conditions precedent, in particular the granting of the necessary antitrust approvals, and is expected to take place in March 2024. Martina Schaaf of RSM Ebner Stolz GmbH acted as advisor to Kontron. Reported Earnings • Nov 05
Third quarter 2023 earnings: EPS exceeds analyst expectations Third quarter 2023 results: EPS: €0.30 (up from €0.089 in 3Q 2022). Revenue: €309.8m (up 15% from 3Q 2022). Net income: €18.8m (up 233% from 3Q 2022). Profit margin: 6.1% (up from 2.1% in 3Q 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 12%. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the IT industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Annonce • Aug 29
Kontron AG (XTRA:SANT) agreed to acquire Hartmann Electronic Gmbh and W-IE-NE-R Power Electronics Corp. from Phoenix Mecano AG (SWX:PMN) for €22.1 million. Kontron AG (XTRA:SANT) agreed to acquire Hartmann Electronic Gmbh and W-IE-NE-R Power Electronics Corp. from Phoenix Mecano AG (SWX:PMN) for €22.1 million on August 28, 2023. The purchase price is €22.1 million subject to adjustment depending on the balance sheet upon closing. Hartmann Electronic and W-IE-NE-R Power Electronics has reported revenues of around €18 million and EBITDA of approximately €3 million in 2022. The closing of the transaction is expected by Q4. Annonce • Aug 22
Kontron Develops the New Linux Based SecureOS Operating System That Provides Security and Data Protection for IoT Solutions in Critical Areas Kontron has developed the new Linux based SecureOS operating system that provides security and data protection for IoT solutions in critical areas. Data security is crucial for Kontron's customers and SecureOS safeguards IoT solutions against remote control by intruders, hackers, or surveillance by third parties. Kontron is broadening its products and solutions mix and has started marketing its new SecureOS software solution against any remote interference in infrastructure projects. It safeguards IoT solutions against new threats from the internet and hostile infrastructure attacks. It can be combined with most of Kontron's product platforms and further expands the susietec toolset family. This solution will not only significantly increase security standards but also cut down OPEX by at least 15%. As a first customer, a leading global supplier with an international service network for industrial and municipal plant operators will soon introduce SecureOS. The solution includes next to SecureOS further susietec toolset functionalalities and will support the critical water as well as wastewater infrastructure of millions of people in Central Europe. In this case, SecureOS provides detailed insights into the operating status of the pumps and guarantees continuous monitoring during operation while safeguarding against intruders and surveillance from third parties. Smart additional functions such as automated emergency shutdowns prevent pumps from being damaged or destroyed. Unlike other IoT solutions, Kontron operates from a neutral country safeguarding the highest security standards for infrastructure projects, also endorsed by governmental entities. For Kontron, a leading IoT provider listed on the TecDAX and SDAX of the German Stock Exchange, expanding the product mix with security software will be another driver of gross margin expansion in the coming years. Secure OS and susietec as a whole - together with Kontron's transportation business - comprise fast-growing business segment "Software + Solutions". It amounts to currently below 20% of Kontron's revenues but will turn into the biggest segment by 2025 and will have a revenue share of more than 50% by 2027. SecureOS will further expand its susietec toolset family which now consists of 10 specialized software and 9 hardware products paired with years of expertise. It is ranging from EquipmentCloud which turns factories smart using predictive maintenance and machine learning to newly launched SecureOS which guarantees that embedded hardware devices in the field are secure and up to date. All products communicate seamlessly with each other, and customers can add as many products as needed and as little as they want. Reported Earnings • Aug 06
Second quarter 2023 earnings released: EPS: €0.28 (vs €0.14 in 2Q 2022) Second quarter 2023 results: EPS: €0.28 (up from €0.14 in 2Q 2022). Revenue: €288.5m (up 15% from 2Q 2022). Net income: €17.4m (up 93% from 2Q 2022). Profit margin: 6.0% (up from 3.6% in 2Q 2022). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Annonce • Jun 01
Kontron and ThinKom Deliver Exceptional Network Flexibility with Readily Available Ka-band SATCOM Antenna Platform Kontron announced its collaboration with ThinKom to demonstrate and make readily available a highly flexible Ka-band SATCOM solution to the avionics market. The multi-modem architecture consists of Kontron's proven ACE Flight 4783 dual modem MODMAN server integrated with ThinKom's ThinAir Ka2517 phased-array satcom antenna system that offers unparalleled service provider agility. airlines and integrators can leverage the open architecture solution, which enables multi-orbit interoperability between GSO and NGSO satellites, to provide more coverage and become entirely network agnostic today, while being future-proof for tomorrow. Kontron's ACE Flight 4783 Dual Modem MODMAN provides unmatched performance in the smallest footprint by combining server and networking-grade hardware with two satellite modems in a compact, ARINC 791/792 4MCU compliant system. To further enhance capabilities, the MODMAN can be expanded by integrating the Auxiliary Modem Unit (AMU) to support a third modem. This allows extra coverage options, such as another GEO modem or incorporating MEO or LEO connectivity for multi-orbit operations. ThinKom's proven and reliable, high-throughput ThinAir Ka2517 antenna seamlessly operates with multiple modems and networks. It delivers robust, highly efficient satellite communications operating across multiple orbits, packaged in a low-profile footprint to minimize drag and save on fuel. Kontron and ThinKom will be exhibiting at AIX in Hamburg, Germany from June 6 - 8, 2023. Reported Earnings • May 05
First quarter 2023 earnings released: EPS: €0.26 (vs €0.18 in 1Q 2022) First quarter 2023 results: EPS: €0.26 (up from €0.18 in 1Q 2022). Revenue: €289.0m (down 14% from 1Q 2022). Net income: €16.6m (up 43% from 1Q 2022). Profit margin: 5.7% (up from 3.5% in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 30
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: €0.19 loss per share (down from €0.76 profit in FY 2021). Revenue: €1.14b (down 16% from FY 2021). Net loss: €12.3m (down 125% from profit in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improved over the past week After last week's 16% share price gain to €18.79, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 19x in the IT industry in Germany. Total loss to shareholders of 22% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €20.19 per share. Annonce • Jan 18
Kontron AG (XTRA:SANT) completed the acquisition of Arce Mobility Solutions S.A.U. from Kapsch TrafficCom AG (WBAG:KTCG). Kontron AG (XTRA:SANT) agreed to acquire Arce Mobility Solutions from Kapsch TrafficCom AG (WBAG:KTCG) on August 29, 2022. The transaction is subject to regulatory approvals.
Kontron AG (XTRA:SANT) completed the acquisition of Arce Mobility Solutions S.A.U. from Kapsch TrafficCom AG (WBAG:KTCG) on January 17, 2023. Reported Earnings • Nov 05
Third quarter 2022 earnings released: EPS: €0.089 (vs €0.16 in 3Q 2021) Third quarter 2022 results: EPS: €0.089 (down from €0.16 in 3Q 2021). Revenue: €270.4m (down 16% from 3Q 2021). Net income: €5.65m (down 45% from 3Q 2021). Profit margin: 2.1% (down from 3.2% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 10% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment improved over the past week After last week's 17% share price gain to €17.03, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 21x in the IT industry in Germany. Total returns to shareholders of 3.2% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €30.28 per share. Reported Earnings • Aug 07
Second quarter 2022 earnings released: EPS: €0.20 (vs €0.16 in 2Q 2021) Second quarter 2022 results: EPS: €0.20 (up from €0.16 in 2Q 2021). Revenue: €339.6m (up 9.4% from 2Q 2021). Net income: €12.8m (up 23% from 2Q 2021). Profit margin: 3.8% (up from 3.3% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 6.8%, compared to a 16% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Upcoming Dividend • May 16
Upcoming dividend of €0.35 per share Eligible shareholders must have bought the stock before 23 May 2022. Payment date: 25 May 2022. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (4.3%). Higher than average of industry peers (1.4%). Upcoming Dividend • May 02
Upcoming dividend of €0.35 per share Eligible shareholders must have bought the stock before 09 May 2022. Payment date: 11 May 2022. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (4.1%). Higher than average of industry peers (1.3%). Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment deteriorated over the past week After last week's 18% share price decline to €11.34, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 26x in the IT industry in Germany. Total loss to shareholders of 48% over the past three years. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improved over the past week After last week's 15% share price gain to €15.59, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 32x in the IT industry in Germany. Total loss to shareholders of 20% over the past three years. Valuation Update With 7 Day Price Move • Dec 17
Investor sentiment deteriorated over the past week After last week's 32% share price decline to €13.11, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 30x in the IT industry in Germany. Total loss to shareholders of 16% over the past three years. Reported Earnings • Nov 06
Third quarter 2021 earnings released: EPS €0.16 (vs €0.18 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: €321.5m (up 6.3% from 3Q 2020). Net income: €10.2m (down 14% from 3Q 2020). Profit margin: 3.2% (down from 3.9% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment improved over the past week After last week's 18% share price gain to €22.70, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 29x in the IT industry in Germany. Total loss to shareholders of 15% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €42.66 per share. Reported Earnings • Aug 08
Second quarter 2021 earnings released: EPS €0.16 (vs €0.15 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: €311.9m (up 15% from 2Q 2020). Net income: €10.4m (up 2.9% from 2Q 2020). Profit margin: 3.3% (down from 3.7% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • May 08
First quarter 2021 earnings released: EPS €0.16 (vs €0.15 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: €300.3m (up 9.7% from 1Q 2020). Net income: €10.1m (up 5.8% from 1Q 2020). Profit margin: 3.4% (down from 3.5% in 1Q 2020). The decrease in margin was 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 only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 28
Full year 2020 earnings released: EPS €0.86 (vs €0.75 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €1.27b (up 12% from FY 2019). Net income: €55.6m (up 13% from FY 2019). Profit margin: 4.4% (up from 4.3% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 25
New 90-day high: €22.80 The company is up 17% from its price of €19.41 on 27 November 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €29.86 per share. Is New 90 Day High Low • Jan 21
New 90-day high: €21.16 The company is up 21% from its price of €17.54 on 23 October 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €29.34 per share. Analyst Estimate Surprise Post Earnings • Nov 08
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) also surpassed analyst estimates by 5.9%. Over the next year, revenue is forecast to grow 14%, compared to a 8.9% growth forecast for the IT industry in Germany. Reported Earnings • Nov 08
Third quarter 2020 earnings released: EPS €0.18 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: €303.7m (up 7.1% from 3Q 2019). Net income: €11.8m (up 8.9% from 3Q 2019). Profit margin: 3.9% (up from 3.8% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 05
Market bids up stock over the past week After last week's 16% share price gain to €17.46, the stock is trading at a trailing P/E ratio of 21.5x, up from the previous P/E ratio of 18.5x. This compares to an average P/E of 25x in the IT industry in Germany. Total returns to shareholders over the past three years are 11%. Valuation Update With 7 Day Price Move • Oct 29
Market pulls back on stock over the past week After last week's 18% share price decline to €15.04, the stock is trading at a trailing P/E ratio of 20.5x, down from the previous P/E ratio of 24.8x. This compares to an average P/E of 24x in the IT industry in Germany. Total return to shareholders over the past three years is a loss of 9.7%. Is New 90 Day High Low • Oct 24
New 90-day low: €17.54 The company is down 23% from its price of €22.80 on 24 July 2020. The German market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is down 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €26.34 per share. Is New 90 Day High Low • Sep 22
New 90-day low: €21.74 The company is down 8.0% from its price of €23.62 on 24 June 2020. The German market is up 4.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the IT industry, which is also down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €27.16 per share.