Reported Earnings • Aug 10
Second quarter 2022 earnings released: US$0.25 loss per share (vs US$1.06 loss in 2Q 2021) Second quarter 2022 results: US$0.25 loss per share (up from US$1.06 loss in 2Q 2021). Revenue: US$221.3m (up 51% from 2Q 2021). Net loss: US$8.15m (loss narrowed 77% from 2Q 2021). Over the next year, revenue is forecast to grow 16%, compared to a 12% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. Reported Earnings • May 05
First quarter 2022 earnings released: US$0.88 loss per share (vs US$0.88 loss in 1Q 2021) First quarter 2022 results: US$0.88 loss per share. Revenue: US$191.7m (up 41% from 1Q 2021). Net loss: US$29.1m (flat on 1Q 2021). Over the next year, revenue is forecast to grow 20%, compared to a 18% growth forecast for the industry in Germany. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. Independent Director Hatem Soliman was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Mar 04
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: US$3.36 loss per share (down from US$2.63 loss in FY 2020). Revenue: US$630.2m (up 2.8% from FY 2020). Net loss: US$110.9m (loss widened 29% from FY 2020). Revenue missed analyst estimates by 2.2%. Over the next year, revenue is forecast to grow 27%, compared to a 23% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. Board Change • Dec 06
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. No highly experienced directors. Independent Director Hatem Soliman was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 04
Third quarter 2021 earnings released: US$0.47 loss per share (vs US$0.51 loss in 3Q 2020) The company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2021 results: Revenue: US$161.3m (down 4.8% from 3Q 2020). Net loss: US$15.6m (loss narrowed 6.7% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 44% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 10
Second quarter 2021 earnings released: US$1.06 loss per share (vs US$0.53 loss in 2Q 2020) The company reported a mediocre second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: US$146.2m (up 79% from 2Q 2020). Net loss: US$35.1m (loss widened 104% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 26 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • May 16
President recently bought €78k worth of stock On the 13th of May, Andrew Way bought around 20k shares on-market at roughly €3.89 per share. This was the largest purchase by an insider in the last 3 months. This was Andrew's only on-market trade for the last 12 months. Recent Insider Transactions • May 08
Lead Independent Director recently bought €63k worth of stock On the 6th of May, William Goodyear bought around 20k shares on-market at roughly €3.14 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • May 05
First quarter 2021 earnings released: US$0.88 loss per share (vs US$0.56 loss in 1Q 2020) The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: US$136.2m (down 35% from 1Q 2020). Net loss: US$29.0m (loss widened 60% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 34 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 06
Full year 2020 earnings released: US$2.63 loss per share (vs US$3.15 loss in FY 2019) The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2020 results: Revenue: US$613.1m (down 23% from FY 2019). Net loss: US$86.0m (loss narrowed 20% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 96% per year but the company’s share price has only fallen by 44% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Mar 06
Revenue misses expectations Revenue missed analyst estimates by 14%. Over the next year, revenue is forecast to grow 12% while theEnergy Services industry in Germany is not expected to grow. Is New 90 Day High Low • Feb 16
New 90-day high: €4.20 The company is up 47% from its price of €2.86 on 17 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €32.13 per share. Is New 90 Day High Low • Jan 17
New 90-day high: €4.00 The company is up 2.0% from its price of €3.92 on 19 October 2020. The German market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Energy Services industry, which is up 41% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €32.35 per share. Is New 90 Day High Low • Nov 13
New 90-day low: €2.80 The company is down 41% from its price of €4.74 on 14 August 2020. The German market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Energy Services industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €27.89 per share. Analyst Estimate Surprise Post Earnings • Nov 03
Revenue misses expectations Revenue missed analyst estimates by 13%. Over the next year, revenue is expected to shrink by 7.5% compared to a 13% decline forecast for the Energy Services industry in Germany. Reported Earnings • Nov 03
Third quarter 2020 earnings released: US$0.51 loss per share The company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: US$169.5m (down 44% from 3Q 2019). Net loss: US$16.7m (loss widened 102% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 114% per year but the company’s share price has only fallen by 49% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 29
New 90-day low: €3.36 The company is down 21% from its price of €4.24 on 30 July 2020. The German market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Energy Services industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €13.85 per share.