Circus (CA1) 주식 개요인공지능 로봇 기업 서커스SE는 자율적인 푸드 서비스 운영을 위해 로봇, 소프트웨어, Al 등 다양한 기술을 개발하고 있습니다. 자세히 보기CA1 펀더멘털 분석스노우플레이크 점수가치 평가2/6미래 성장6/6과거 실적0/6재무 건전성1/6배당0/6강점공정 가치 추정치보다 낮은 90.8% 에서 거래수익은 매년 87.97% 증가할 것으로 예상됩니다.위험 분석지난 1년 동안 주주가 희석되었습니다.지난 3개월 동안 주가 변동성이 German 시장과 비교해 높았습니다.의미 있는 수익이 없습니다(€876K)모든 위험 점검 보기CA1 Community Fair Values Create NarrativeSee what 19 others think this stock is worth. Follow their fair value or set your own to get alerts.Top Community NarrativesCircusHMHmdlskCommunity ContributorCircus SE's AI-driven food systems will revolutionize global food serviceThe Broadest Strokes If executed well, the technology could majorly impact the at-scale food service industry. It is particularly suitable for use in airports, at hospitals, universities, gas stations and rest areas, and supermarkets.View narrative€30FV74.0% 저평가 내재 할인율Set Fair ValueView66users have viewed this narrative0users have liked this narrative0users have commented on this narrative5users have followed this narrative18 days ago author updated this narrativeTop Community NarrativesCircusHMHmdlskCommunity ContributorCircus SE's AI-driven food systems will revolutionize global food serviceThe Broadest Strokes If executed well, the technology could majorly impact the at-scale food service industry. It is particularly suitable for use in airports, at hospitals, universities, gas stations and rest areas, and supermarkets.View narrative€30FV74.0% 저평가 내재 할인율Set Fair ValueView66users have viewed this narrative0users have liked this narrative0users have commented on this narrative5users have followed this narrative18 days ago author updated this narrativeView all narrativesFeatured narrative•Capital Goods opportunitySparc AI18 days ago author updated this narrativeCEFair Value from CeazarCA$5.257.0% 저평가 내재 할인율When GPS fails: this small cap is fixing a $54B drone problemKey Points: Sparc AI (CSE:SPAI) is tackling a growing global problem: drones and aircraft failing when GPS is jammed or spoofed, a problem already driving massive government losses globally. Its Overwatch platform is a software solution to the hardware problem, using AI and existing sensors making it highly scalable across fleets.Read full narrative2.3kusers have viewed this narrative8users have liked this narrative0users have commented on this narrative35users have followed this narrativeRead narrativeCircus SE 경쟁사technotransSymbol: XTRA:TTR1Market cap: €240.0mAumannSymbol: XTRA:AAGMarket cap: €165.3mMAX AutomationSymbol: XTRA:MXHNMarket cap: €162.9mGescoSymbol: XTRA:GSC1Market cap: €149.9m가격 이력 및 성과Circus 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가€7.8152주 최고가€23.5052주 최저가€5.38베타0.781개월 변동0.26%3개월 변동-20.31%1년 변동-45.76%3년 변동n/a5년 변동n/aIPO 이후 변동-27.69%최근 뉴스 및 업데이트공지 • May 01Circus SE (XTRA:CA1) acquired Kitchen Robotics.Circus SE (XTRA:CA1) acquired Kitchen Robotics on April 30, 2026. The transaction is an all-cash acquisition in the low six-figure range, replacing the prior IP-only deal. Circus gains full control of technology, customer relations and patent portfolio, creating a foundation for future commercialization and licensing opportunities. As part of the acquisition Circus SE is securing full ownership of all patents, software IP, robotic assets, and know-how. Financial liabilities, contractual obligations, and employee transfers are excluded. Circus SE (XTRA:CA1) completed the acquisition of Kitchen Robotics on April 30, 2026.내러티브 업데이트 • Apr 21Circus SE's AI-driven food systems will revolutionize global food serviceIncluded Q1/2026 Update.공지 • Apr 17+ 1 more updateCircus SE (XTRA:CA1) has signed a binding agreement to acquire ALBERTS NV.Circus SE (XTRA:CA1) has signed a binding agreement to acquire ALBERTS NV on April 16, 2026. The consideration consists of common equity of Circus SE to be issued for common equity of ALBERTS NV. The transaction is subject to consummation of due diligence investigation. The expected completion of the transaction is expected by the end of the second quarter of 2026.Breakeven Date Change • Mar 04The 3 analysts covering Circus previously expected the company to break even in 2027. New consensus forecast suggests losses will reduce by 20% per year to 2026. The company is expected to make a profit of €15.3m in 2027. Average annual earnings growth of 104% is required to achieve expected profit on schedule.New Risk • Jan 16New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Share price has been volatile over the past 3 months (10% average weekly change). Shareholders have been diluted in the past year (18% increase in shares outstanding). Revenue is less than US$5m (€979k revenue, or US$1.1m).New Risk • Jan 08New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Shareholders have been diluted in the past year (18% increase in shares outstanding). Revenue is less than US$5m (€979k revenue, or US$1.1m).더 많은 업데이트 보기Recent updates공지 • May 01Circus SE (XTRA:CA1) acquired Kitchen Robotics.Circus SE (XTRA:CA1) acquired Kitchen Robotics on April 30, 2026. The transaction is an all-cash acquisition in the low six-figure range, replacing the prior IP-only deal. Circus gains full control of technology, customer relations and patent portfolio, creating a foundation for future commercialization and licensing opportunities. As part of the acquisition Circus SE is securing full ownership of all patents, software IP, robotic assets, and know-how. Financial liabilities, contractual obligations, and employee transfers are excluded. Circus SE (XTRA:CA1) completed the acquisition of Kitchen Robotics on April 30, 2026.내러티브 업데이트 • Apr 21Circus SE's AI-driven food systems will revolutionize global food serviceIncluded Q1/2026 Update.공지 • Apr 17+ 1 more updateCircus SE (XTRA:CA1) has signed a binding agreement to acquire ALBERTS NV.Circus SE (XTRA:CA1) has signed a binding agreement to acquire ALBERTS NV on April 16, 2026. The consideration consists of common equity of Circus SE to be issued for common equity of ALBERTS NV. The transaction is subject to consummation of due diligence investigation. The expected completion of the transaction is expected by the end of the second quarter of 2026.Breakeven Date Change • Mar 04The 3 analysts covering Circus previously expected the company to break even in 2027. New consensus forecast suggests losses will reduce by 20% per year to 2026. The company is expected to make a profit of €15.3m in 2027. Average annual earnings growth of 104% is required to achieve expected profit on schedule.New Risk • Jan 16New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Share price has been volatile over the past 3 months (10% average weekly change). Shareholders have been diluted in the past year (18% increase in shares outstanding). Revenue is less than US$5m (€979k revenue, or US$1.1m).New Risk • Jan 08New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Shareholders have been diluted in the past year (18% increase in shares outstanding). Revenue is less than US$5m (€979k revenue, or US$1.1m).공지 • Dec 11+ 1 more updateCircus SE has completed a Follow-on Equity Offering in the amount of €29.509604 million.Circus SE has completed a Follow-on Equity Offering in the amount of €29.509604 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 2,418,820 Price\Range: €12.2 Transaction Features: Subsequent Direct Listing공지 • Nov 22Circus Group Appoints Frank Holtey as New Chief Commercial OfficerCircus Group announced the appointment of Frank Holtey as its new Chief Commercial Officer (CCO). Frank Holtey brings more than 30 years of international sales experience and has been part of the company’s management team for the past 1.5 years, where, as Director Global Affairs, he played a key role in building the company’s international operations and developing major key accounts such as REWE. In his new position, Holtey will take on overall responsibility for the commercial strategy of the Circus Group, with a focus on growth, brand positioning, and international expansion. His appointment comes at a time when the company is significantly ramping up its high-volume production, scaling deployments of the CA-1 AI robot with major customers such as REWE and Meta, and simultaneously expanding its commercial activities in the defence sector across Europe. As CCO, Frank Holtey assumes responsibility for Sales & Strategy, Marketing, Partner Relations, and Customer Experience. Dr. Max Schwaller, VP Commercial at Circus and previously Sales Director at market leader Rational, will continue to focus on building new major accounts and business areas in the European market.공지 • Oct 24Circus SE Secures Core Technologies Through Six New Defense PatentsCircus SE announced the filing of six groundbreaking patents in the fields of defense and autonomous AI robotics. The intellectual property covers core technologies of the company's proprietary autonomous AI robot system CA-M, specifically engineered for operation in security-critical and military environments. The newly filed patents encompass multiple aspects of autonomous food preparation of the company's developed AI robot CA-M. With these filings, Circus positions itself as a pioneer in dual-use robotics, where culinary automation converges with defense-grade technologies. With these patents, Circus reinforces its transformation from an early AI robotics innovator into a strategic deep-tech company operating at the intersection of artificial intelligence, automation, and defense infrastructure. The goal is to secure a leading position in the emerging market for autonomous support systems across NATO and allied forces. In the defense domain, these patents establish significant competitive barriers for new entrants, allowing Circus to deploy protected technology while forcing competitors to develop alternatives - often costlier or less efficient - solutions. This provides the company with critical time to build market share and set technological standards. Following the successful grant of its core technology patent for the CA-1 AI robot in April 2025, these six additional filings mark Circus' entry into a phase of comprehensive intellectual property protection. The company's clear objective is to establish an unassailable technological lead in AI-driven robotics within the global defense market.Major Estimate Revision • Sep 23Consensus revenue estimates fall by 60%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €7.60m to €3.05m. Forecast losses increased from -€0.727 to -€0.753 per share. Machinery industry in Germany expected to see average net income growth of 21% next year. Consensus price target down from €43.37 to €36.70. Share price rose 6.9% to €14.80 over the past week.공지 • Sep 08Circus SE Begins Deliveries of AI-Robots from High-Volume FactoryCircus SE announced a landmark achievement: the first fourth-generation CA-1 AI-robot has successfully been completed in its newly established high-volume production facility, several additional robots are already in production in parallel. This achievement comes just six months after setting up the factory, confirming Circus' ability to industrialize breakthrough AI-robotics technology at record speed. Designed around an intelligent, modular production setup, the facility combines scalability and agility to execute mass production for autonomous AI-robots. Every CA-1 undergo more than 150 precision tests to guarantee enterprise-grade reliability -- a level of engineering that mirrors the automotive industry. With completing the industrialization phase and factory setup for the CA-1, Circus aims to bring its second autonomous robotics system -- the CA-M, designed for defense and military use -- to high-volume production from later next year. The company is already exploring additional production options across Europe and the US.공지 • Aug 22Circus SE Secures Federal Research Grant to Advance Defense Ai-RoboticsCircus SE has secured a EUR 2 million research and development grant from the German Federal Ministry of Education and Research (BMBF). This recurring annual funding will accelerate the development of the CA-M AI-Robot, a fully autonomous nutrition system designed for reliable meal supply in defense environments. The CA-M is built on the proven core technology of the CA-1 AI-robot, Circus’ commercial flagship robot, and extends its capabilities into the defense sector. Designed to remove manual labor from complex meal supply infrastructures, the CA-M robot enables seamless autonomous operation in mission environments, freeing up personnel for more critical tasks and enhancing operational resilience. Backed by Circus’ patented AI-robotics ecosystem, the CA-M combines advanced AI-driven software, autonomous mealpreparation, and secure system integration to deliver end-to-end nutrition at scale. With the support of the Federal Ministry, Circus will fast-track R&D, expand its defense-focused engineering teams, and further strengthen its newly established Defense Unit. The grant highlights the German government’s commitment to advancing AI and robotics as strategic technologies. For Circus, it represents a supportive step toward establishing itself as the global innovation leader in autonomous defense nutrition systems.공지 • Aug 12Circus SE Receives NATO Approval for Defense Contracts and Multinational Procurement ProgramsCircus SE has been officially listed by the NSPA, qualifying Circus as a certified supplier for NATO and its member nations. This certification marks a significant expansion of Circus' defense sector presence and grants access to NATO-wide defense, logistics, and crisis response programs. The company is now eligible for major defense programs and will appear alongside trusted global suppliers such as Lockheed Martin, Renk, and Rheinmetall, used by procurement officials across the NATO alliance. Inclusion in the regulated NSPA supplier registers is the formal prerequisite for participation in NATO procurement tenders and direct contract awards as the registration is only open to companies with a significant presence in the relevant field. It allows Circus SE to take part in defense procurement programs and supply contracts issued annually by the NATO Support and Procurement Agency (NSPA) as the first registered provider of fully autonomous systems like CA-1 and CA-M powered by AI-robotics. The certification verifies that Circus meets NATO's security, quality, and financial requirements including AQAP and relevant ISO standards and will simplify future contracts via the Alliance's digital procurement systems. As NATO procurement increasingly prioritizes technology-driven and autonomous solutions, Circus is particularly well positioned to benefit from the fast growing defense market. Building on its recent U.S. government and Department of Defense supplier approval, the NATO listing positions Circus as a reliable, rapidly deployable partner for AI-powered nutrition systems in field operations, exercises, and emergency missions.Price Target Changed • Aug 11Price target decreased by 23% to €43.37Down from €56.65, the current price target is an average from 3 analysts. New target price is 189% above last closing price of €15.00. Stock is down 24% over the past year. The company is forecast to post a net loss per share of €0.73 next year compared to a net loss per share of €0.67 last year.Buy Or Sell Opportunity • Aug 07Now 22% undervaluedThe stock has been flat over the last 90 days, currently trading at €14.40. The fair value is estimated to be €18.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 13,036% in 2 years. Earnings are forecast to grow by 62% in the next 2 years.공지 • Jul 21Circus SE, Annual General Meeting, Aug 25, 2025Circus SE, Annual General Meeting, Aug 25, 2025, at 09:00 W. Europe Standard Time.공지 • Jun 11Circus Se Announces the Appointment of Sasha Borovik as General Counsel Effective June 11, 2025Circus SE announced the appointment of Sasha Borovik as General Counsel effective June 11, 2025. A graduate of Harvard Law School with over two decades of global legal and commercial leadership, Borovik has negotiated complex technology, defense, and AI transactions on behalf of major corporations and institutions. His track record spans work with NATO-aligned governments, the UN, and AI leaders shaping next-generation defense infrastructure. At Helsing, Europe’s leading defense AI company, Borovik played a pivotal role as General Counsel and Director of Compliance - not only building the legal function, but also leading the structuring and execution of multiple capital rounds totaling over $800 million to date. His legal leadership was instrumental in navigating dual-use technology regulation, defense contracting, and IP protection in one of Europe’s most strategically important AI ventures. Prior to Helsing, Borovik served as Senior Director and Lead Counsel for EMEA at Akamai Technologies, and Director of Legal Affairs at Microsoft as a head lawyer for the public sector, where he supported global expansion, strategic partnerships, and high-value commercial transactions across regulated markets. Borovik’s appointment comes as Circus prepares for the launch of its CA-M defense product line, the world’s first autonomous meal supply system designed for defense and critical infrastructure, and ramps up serial production of its core CA-1 system. As the company’s first core defense executive, he will play a critical role in shaping commercial agreements, institutional partnerships, and regulatory strategy across dual-use domains. Borovik holds law degrees from Harvard Law School and Charles University in Prague. He speaks seven languages and is admitted to the bar in both the European Union and the state of New York.공지 • May 22+ 1 more updateCircus SE Appoints Niklas von Weihe as Director of AICircus SE announced the successful acquisition of FullyAI, marking a major milestone in its mission to build a unified intelligence layer across its robotics and software. FullyAI will become the cognitive engine of the Circus ecosystem — starting with a fully integrated AI-powered voice ordering terminal and expanding into real-time operational decision-making, predictive maintenance, autonomous optimization, and highly personalized user experiences across the Circus AI-Software and robotics ecosystem. As part of the acquisition, the FullyAI engineering team and management joined Circus. Niklas von Weihe, previously working closely with Meta’s advanced AI teams, joins as Director of AI. Minh Dao, former CEO of a leading growth and brand consultancy with clients like Tesla, Google and McDonald’s joins as VP of Growth, overseeing new product verticals and brand scale initiatives.공지 • Apr 29Circus SE Introduces AI-Robot for Defense OperationsCircus SE introduced the CA-M, the world's first autonomous meal supply AI-robot developed specifically for defense forces operating in high-risk territory and beyond traditional supply lines. With modern military operations facing increasingly complex supply chain challenges, limited meal access, outdated nutrition standards, and the vulnerability of static field kitchens in high-risk zones, the CA-M delivers a breakthrough with fully autonomous, on-demand meal production under extreme operational conditions. By eliminating the dependency on traditional field kitchens and minimizing supply chain personnel in hostile environments, the CA-M redefines how armed forces sustain themselves during operations. The launch of CA-M marks the second product in Circus' AI-robot line, arriving shortly after the company's start of serial manufacturing for its CA-1 AI-robotic system. Built on the same patented technology as its civilian version CA-1, the CA-M extends the core capabilities into an outdoor, ruggedized format engineered for frontline use. Engineered for rapid deployment and operational agility, the CA-M is embedded in a 20- foot container, ensuring seamless mobility across military logistics networks and operates autonomously through CircusOS--Circus' AI-native operating system. Designed for extreme environments, it significantly reduces the need for human involvement in food preparation and distribution by leveraging robotics and minimal external dependencies. With off-grid features and onboard capacity for ingredients to prepare over 1,000 fresh meals per load, the CA-M ensures autonomous operations even in highly dynamic or remote conditions. Active negotiations are underway with multiple NATO-aligned and allied defense forces for initial field deployments. A CA-M evaluation unit is available for classified demonstrations in Munich, Germany, and can be booked via the Circus Group website.공지 • Apr 18Circus SE Secures European Patent Grant for Core Technology of its AI-RobotCircus SE has announced that the European Patent Office has issued the official Decision to Grant under Article 97(1) EPC, covering its proprietary AI-powered robotic system – the CA-1. The patent protects the CA-1’s unique architecture and control method for automated, hygienic, and consistent meal production in compact environments. This European protection underscores Circus’ unique contribution to the field of AI-robotics based systems and secures the company’s inventions in autonomous systems for meal supply, comprising a rotationally symmetrical preparation vessel that couples with a mixing device and rotates on its axis, and a robotic manipulator designed to autonomously handle the vessel during food preparation using multi-modal heat control and adaptive decision-making. “Patents are more than legal protection, they are strategic assets that validate The patent comes as serial production of the CA-1 is already underway, with the commercial rollout of the Series 4 starting this summer. The grant reinforces Circus SE’s market-leading position and aligns with its strategic roadmap. The company is also expanding its intellectual property coverage in key international markets, including the United States, to support global commercialization and long-term competitive advantage. The mention of the grant will be published in the European Patent Bulletin 25/19 on May 7, 2025.공지 • Apr 04Circus SE Unveils CA-1 Series 4: New Generation AI-Robot Enters Volume ProductionCircus SE announced the launch and active production start of CA-1 Series 4, the most advanced generation of its embodied AI-powered meal production robot. Purpose-built for industrial scale, Series 4 redefines autonomous food service with breakthrough improvements across throughput, intelligence, and user experience with customer deliveries scheduled from this Summer. The new Series 4 builds on years of development and real-world use, featuring a redesigned architecture optimized for throughput, efficiency, and modularity. At its core is an advanced induction heating system with profiling temperature control and customizable stirring speeds for AI-driven precision meal preparation. A new pot and silo structure enables faster, more reliable handling and supports over 500 meals per ingredient load. An all new electromagnetic quick-release gripper, integrated with collaborative arms, improves responsiveness and reduces cycle time, while boosting durability. The re-engineered cleaning module features an industrial-grade retracting system and intelligent washer for fully automated hygiene. An upgraded dispensing unit ensures precise ingredient handling and fast swaps. A new onboard touchscreen, paired with AI voice ordering, makes the CA-1 the first meal production robot with a fully integrated user-facing experience. The system runs on an AI-native architecture integrated with Circus OS, enabling real-time optimization and intelligent coordination. A fully reengineered frame and material strategy reduces total system weight by over 450 kg, significantly cutting costs across shipping, handling, and installation.공지 • Mar 14Circus SE Appoints Kasper Rørsted to its Board of AdvisorsCircus SE announced that Kasper Rørsted, former CEO of Adidas and Henkel, is joining its Board of Advisors. Rørsted will contribute his extensive experience in leading some of the world’s most iconic brands and managing complex, high-growth businesses at a global scale. Kasper Rørsted is one of Europe's most accomplished executives, with a proven track record in steering DAX-listed companies and global technology businesses through transformation and growth. As CEO of Adidas (2016–2022), he led the company through a period of significant digital acceleration, operational excellence, and brand elevation, solidifying its place as a global leader in sportswear. Prior to Adidas, Rørsted served as CEO of Henkel (2008–2016), where he drove record performance by globalizing the business and strategically optimizing its portfolio. Earlier in his career, Rørsted held senior leadership roles at Hewlett-Packard, Compaq, and Oracle, bringing decades of experience at the intersection of technology, innovation, and consumer industries. Rørsted currently serves on the Supervisory Board of Siemens AG, Lenovo Group Ltd. (HK) and the Board of A.P. Møller-Mærsk, bringing his strategic expertise to the world’s most respected technology and logistics companies. He is widely recognized for his leadership in scaling complex organizations and building some of the world’s most renowned brands.공지 • Feb 17Hajo Riesenbeck Joins Board of Advisors of Circus SECircus SE announced that Hajo Riesenbeck is joining its Board of Advisors among leading industry experts in the field of AI, robotics and global growth. Hajo Riesenbeck is a visionary leader with a distinguished career in global strategy, business transformation, and consumer innovation. During his 30-year tenure at McKinsey & Company, he established McKinsey's Marketing & Sales Practice in Europe, driving its significant growth and shaping its strategic impact across industries. He later took on global leadership roles, spearheading McKinsey’s external and internal communications while advising some of the world’s most influential brands. His deep expertise in scaling businesses and optimizing market strategies will be instrumental in accelerating Circus' global expansion. Beyond his corporate leadership, Riesenbeck has been a passionate advocate for sustainability and social responsibility. As a long-time supporter and Board of Trustees member of Welthungerhilfe, he has been deeply committed to ensuring balanced nutrition is accessible to all. His work in addressing global food insecurity aligns perfectly with Circus' mission to use AI and robotics to minimize food waste and increase efficiency in food production worldwide. Hajo Riesenbeck’s appointment reinforces Circus SE’s dedication to assembling world-class advisors who bring visionary leadership and transformative expertise. As the company scales its operations and prepares for its international rollout, his strategic insights will play a critical role in shaping Circus’ future and ensuring its continued leadership in AI-powered food robotics. Hajo Riesenbeck is a seasoned business consultant and the Managing Director of Riesenbeck-Investment & Consulting GmbH, a firm he founded in 2009 to support small and midsized companies with his extensive consulting expertise. His professional journey began at Unilever, where he worked as a Product Manager in the detergents sector. In 1979, he joined McKinsey & Company, focusing on the consumer goods, retail, and media sectors. From 1986 to 1993, he led these sectors in Germany. Concurrently, he established McKinsey's Marketing & Sales Practice in Europe, contributing to its significant growth. He also co-authored the bestseller "Power Brands (Marketing made to measure)", which features many of the concepts developed during this time. From 2003 until 2009, he was responsible for McKinsey's global external and internal communications. In addition to his professional endeavors, Riesenbeck is committed to philanthropic activities. He serves on the Board of Trustees of Welthungerhilfe (International Hunger Relief), contributing his expertise to combat global hunger. Throughout his career, Hajo Riesenbeck has demonstrated a profound commitment to business excellence and social responsibility, leveraging his extensive experience to drive growth and positive change across various sectors.공지 • Feb 03Circus SE Appoints Claus Holst-Gydesen as Co-CEO for Global Expansion and StrategyCircus SE announced the appointment of Claus Holst-Gydesen as Co-CEO for Global Expansion and Strategy. Claus Holst-Gydesen, a successful top executive, brings extensive experience as Managing Director for the German-speaking region at Fortune 500 company Disney, as well as a long tenure as CEO of Zwilling and Viega. Viega is a globally recognized leader in infrastructure technology for buildings and digital solutions for water and energy efficiency. With a proven track record of scaling German enterprises into global market leaders, Holst-Gydesen will play a key role in driving Circus’ international expansion and growth in AI and robotics. As Co-CEO for Global Expansion and Strategy, Claus Holst-Gydesen will lead the global expansion efforts of Circus, focusing on scaling commercial growth to fully capitalize on the company's market potential as a pioneer in Embodied AI applications.New Risk • Jan 30New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (11% average weekly change).New Risk • Dec 22New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (11% average weekly change).공지 • Dec 18Circus SE Announces the Appointment of Jürgen Thamm to its Advisory BoardCircus SE announced the appointment of Jürgen Thamm to its Advisory Board. Thamm, the former Regional Director Continental Europe at Compass, the world’s largest catering company with over 500,000 employees and $42.2 billion in revenue, brings unparalleled expertise in food service and strategic growth to Circus’ mission of automating food service through AI and robotics globally. With decades of leadership experience at Compass Group, Thamm has a deep understanding of the complexities and inefficiencies of manual labor in large-scale food operations, including the significant food waste that results from these challenges. As Compass focuses on serving large-scale enterprises in employee catering, Thamm recognizes that much of the market potential remains untapped due to the high costs and limitations of manual labor. Thamm’s addition to the Advisory Board reflects his strong belief in the transformative potential of robotics and AI in the food service industry. The CircusAI technology in combination with its revolutionary CA-1 robot, offers fully autonomous food production that can overcome the limitations of manual labor, reduce food waste, and open new opportunities in the catering sector.공지 • Nov 20Circus SE (XTRA:CA1) signed a letter of intent to acquire Campo GmbH.Circus SE (XTRA:CA1) signed a letter of intent to acquire Campo GmbH on November 20, 2024. The transaction is subject to definitive agreement. After completion of the transaction, Carlo Caldi shall lead Circus’s expansion in the mobility, retail and convenience sector, as Managing Director Europe. The transaction is expected to close within 8-10 weeks. YPOG acted as legal advisor for Circus SE. Heuking Kühn Lüer Wojtek acted as legal advisor for Circus SE.공지 • Oct 15Circus SE Appoints Maria Danninger as A New Member of Its Advisory BoardCircus SE announced the appointment of Dr. Maria Danninger as a new member of its Advisory Board. Dr. Danninger, Next Gen Robotics Go-to-Market Lead at Accenture Tech Innovation, brings a wealth of experience in technology strategy, innovation management and intelligent robotics. Her expertise will be instrumental as Circus Group accelerates business growth with its commercial rollout of the CA-1 robot starting from 2025. In her current role at Accenture, Dr. Danninger focuses on driving innovation through strategy management in technology and robotics for global leading enterprises. Her deep industry knowledge and leadership in AI robotics are key assets that align with Circus Group's vision for the future of full food service autonomy. Dr. Danninger also brings valuable academic experience from her time at the Munich Institute of Robotics and Machine Intelligence (MIRMI) at TUM, one of Europe's leading research centres in robotics and artificial intelligence. There she led a team that translated groundbreaking research into industry-shaping innovations that address key societal challenges in areas such as labour, mobility, health and the environment. With more than a decade of professional experience as an executive, manager and consultant in digitalisation and IT project management, Dr. Danninger is a recognized thought leader in technology innovation. She holds a doctorate in Computer Science from the Karlsruhe Institute of Technology, a program completed in collaboration with Stanford University and SAP Research in Palo Alto. Her research focused on human-machine interaction and human-centred technologies – an area that complements Circus Group's commitment to improving lives through autonomous solutions.공지 • Jul 18The Circus Group Appoints Arne Rost as Member of Its Advisory BoardThe Circus Group announced the appointment of Arne Rost as a new member of their advisory board. As the Managing Director of the TUM Venture Labs Robotics /AI, Roost’s role at this leading European DeepTech hub emphasises fostering innovative, scalable new businesses. This strategic addition supports Circus Group's goals to enhance its capabilities in serial production, strengthen its pioneering position in food service robotics, and facilitate the global commercial roll-out over the coming years. Arne Rost, whose career has included key roles at Bosch Home Appliances Group, brings over 17 years of experience in robotics, specializing in developing and scaling cutting-edge solutions that address real-world challenges. His robotics expertise will be instrumental in helping Circus to strengthen partnerships and support the development of the CA-1 robot into series production and further product development. The Technical University of Munich (TUM), consistently ranked at the top of European universities, has maintained its "University of Excellence" status since 2006, a distinction that recognizes its leading role in German cutting-edge research. TUM currently holds the top position in the robotics category within the AIRankings between 2018 and 2023. Furthermore, the Financial Times has named UnternehmerTUM as the best start-up hub in Europe, scoring particularly well with its strong network.공지 • Jul 09CIRCUS SE, Annual General Meeting, Aug 16, 2024CIRCUS SE, Annual General Meeting, Aug 16, 2024, at 09:30 W. Europe Standard Time.New Risk • Jun 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Share price has been volatile over the past 3 months (8.8% average weekly change).주주 수익률CA1DE MachineryDE 시장7D-5.3%-0.2%-0.02%1Y-45.8%3.7%0.1%전체 주주 수익률 보기수익률 대 산업: CA1은 지난 1년 동안 3.7%의 수익을 기록한 German Machinery 산업보다 저조한 성과를 냈습니다.수익률 대 시장: CA1은 지난 1년 동안 0.1%를 기록한 German 시장보다 저조한 성과를 냈습니다.주가 변동성Is CA1's price volatile compared to industry and market?CA1 volatilityCA1 Average Weekly Movement11.3%Machinery Industry Average Movement5.2%Market Average Movement6.0%10% most volatile stocks in DE Market13.2%10% least volatile stocks in DE Market2.6%안정적인 주가: CA1의 주가는 지난 3개월 동안 German 시장보다 변동성이 컸습니다.시간에 따른 변동성: CA1의 주간 변동성(11%)은 지난 1년 동안 안정적이었지만 German 종목 중 상위 75%보다 높습니다.회사 소개설립직원 수CEO웹사이트202086Nikolas Bullwinkelwww.circus-group.comAI 로봇 공학 회사인 Circus SE는 자율 식품 서비스 운영을 위한 로봇 공학, 소프트웨어 및 Al 분야의 다양한 기술을 개발합니다. 이 회사는 2021년에 설립되었으며 독일 함부르크에 본사를 두고 있습니다.더 보기Circus SE 기초 지표 요약Circus의 순이익과 매출은 시가총액과 어떻게 비교됩니까?CA1 기초 통계시가총액€217.66m순이익 (TTM)-€18.82m매출 (TTM)€876.00k237.2x주가매출비율(P/S)-11.0x주가수익비율(P/E)CA1는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표CA1 손익계산서 (TTM)매출€876.00k매출원가€117.00k총이익€759.00k기타 비용€19.58m순이익-€18.82m최근 보고된 실적Jun 30, 2025다음 실적 발표일해당 없음주당순이익(EPS)-0.71총이익률86.64%순이익률-2,148.86%부채/자본 비율88.5%CA1의 장기 실적은 어땠습니까?과거 실적 및 비교 보기View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/08 06:50종가2026/05/08 00:00수익2025/06/30연간 수익2024/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Circus SE는 3명의 분석가가 다루고 있습니다. 이 중 3명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Volker BosseBaader Helvea Equity ResearchOliver Wojahnmwb research AGJames KisnerWater Tower Research LLC
Featured narrative•Capital Goods opportunitySparc AI18 days ago author updated this narrativeCEFair Value from CeazarCA$5.257.0% 저평가 내재 할인율When GPS fails: this small cap is fixing a $54B drone problemKey Points: Sparc AI (CSE:SPAI) is tackling a growing global problem: drones and aircraft failing when GPS is jammed or spoofed, a problem already driving massive government losses globally. Its Overwatch platform is a software solution to the hardware problem, using AI and existing sensors making it highly scalable across fleets.Read full narrative2.3kusers have viewed this narrative8users have liked this narrative0users have commented on this narrative35users have followed this narrativeRead narrative
공지 • May 01Circus SE (XTRA:CA1) acquired Kitchen Robotics.Circus SE (XTRA:CA1) acquired Kitchen Robotics on April 30, 2026. The transaction is an all-cash acquisition in the low six-figure range, replacing the prior IP-only deal. Circus gains full control of technology, customer relations and patent portfolio, creating a foundation for future commercialization and licensing opportunities. As part of the acquisition Circus SE is securing full ownership of all patents, software IP, robotic assets, and know-how. Financial liabilities, contractual obligations, and employee transfers are excluded. Circus SE (XTRA:CA1) completed the acquisition of Kitchen Robotics on April 30, 2026.
내러티브 업데이트 • Apr 21Circus SE's AI-driven food systems will revolutionize global food serviceIncluded Q1/2026 Update.
공지 • Apr 17+ 1 more updateCircus SE (XTRA:CA1) has signed a binding agreement to acquire ALBERTS NV.Circus SE (XTRA:CA1) has signed a binding agreement to acquire ALBERTS NV on April 16, 2026. The consideration consists of common equity of Circus SE to be issued for common equity of ALBERTS NV. The transaction is subject to consummation of due diligence investigation. The expected completion of the transaction is expected by the end of the second quarter of 2026.
Breakeven Date Change • Mar 04The 3 analysts covering Circus previously expected the company to break even in 2027. New consensus forecast suggests losses will reduce by 20% per year to 2026. The company is expected to make a profit of €15.3m in 2027. Average annual earnings growth of 104% is required to achieve expected profit on schedule.
New Risk • Jan 16New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Share price has been volatile over the past 3 months (10% average weekly change). Shareholders have been diluted in the past year (18% increase in shares outstanding). Revenue is less than US$5m (€979k revenue, or US$1.1m).
New Risk • Jan 08New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Shareholders have been diluted in the past year (18% increase in shares outstanding). Revenue is less than US$5m (€979k revenue, or US$1.1m).
공지 • May 01Circus SE (XTRA:CA1) acquired Kitchen Robotics.Circus SE (XTRA:CA1) acquired Kitchen Robotics on April 30, 2026. The transaction is an all-cash acquisition in the low six-figure range, replacing the prior IP-only deal. Circus gains full control of technology, customer relations and patent portfolio, creating a foundation for future commercialization and licensing opportunities. As part of the acquisition Circus SE is securing full ownership of all patents, software IP, robotic assets, and know-how. Financial liabilities, contractual obligations, and employee transfers are excluded. Circus SE (XTRA:CA1) completed the acquisition of Kitchen Robotics on April 30, 2026.
내러티브 업데이트 • Apr 21Circus SE's AI-driven food systems will revolutionize global food serviceIncluded Q1/2026 Update.
공지 • Apr 17+ 1 more updateCircus SE (XTRA:CA1) has signed a binding agreement to acquire ALBERTS NV.Circus SE (XTRA:CA1) has signed a binding agreement to acquire ALBERTS NV on April 16, 2026. The consideration consists of common equity of Circus SE to be issued for common equity of ALBERTS NV. The transaction is subject to consummation of due diligence investigation. The expected completion of the transaction is expected by the end of the second quarter of 2026.
Breakeven Date Change • Mar 04The 3 analysts covering Circus previously expected the company to break even in 2027. New consensus forecast suggests losses will reduce by 20% per year to 2026. The company is expected to make a profit of €15.3m in 2027. Average annual earnings growth of 104% is required to achieve expected profit on schedule.
New Risk • Jan 16New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Share price has been volatile over the past 3 months (10% average weekly change). Shareholders have been diluted in the past year (18% increase in shares outstanding). Revenue is less than US$5m (€979k revenue, or US$1.1m).
New Risk • Jan 08New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Shareholders have been diluted in the past year (18% increase in shares outstanding). Revenue is less than US$5m (€979k revenue, or US$1.1m).
공지 • Dec 11+ 1 more updateCircus SE has completed a Follow-on Equity Offering in the amount of €29.509604 million.Circus SE has completed a Follow-on Equity Offering in the amount of €29.509604 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 2,418,820 Price\Range: €12.2 Transaction Features: Subsequent Direct Listing
공지 • Nov 22Circus Group Appoints Frank Holtey as New Chief Commercial OfficerCircus Group announced the appointment of Frank Holtey as its new Chief Commercial Officer (CCO). Frank Holtey brings more than 30 years of international sales experience and has been part of the company’s management team for the past 1.5 years, where, as Director Global Affairs, he played a key role in building the company’s international operations and developing major key accounts such as REWE. In his new position, Holtey will take on overall responsibility for the commercial strategy of the Circus Group, with a focus on growth, brand positioning, and international expansion. His appointment comes at a time when the company is significantly ramping up its high-volume production, scaling deployments of the CA-1 AI robot with major customers such as REWE and Meta, and simultaneously expanding its commercial activities in the defence sector across Europe. As CCO, Frank Holtey assumes responsibility for Sales & Strategy, Marketing, Partner Relations, and Customer Experience. Dr. Max Schwaller, VP Commercial at Circus and previously Sales Director at market leader Rational, will continue to focus on building new major accounts and business areas in the European market.
공지 • Oct 24Circus SE Secures Core Technologies Through Six New Defense PatentsCircus SE announced the filing of six groundbreaking patents in the fields of defense and autonomous AI robotics. The intellectual property covers core technologies of the company's proprietary autonomous AI robot system CA-M, specifically engineered for operation in security-critical and military environments. The newly filed patents encompass multiple aspects of autonomous food preparation of the company's developed AI robot CA-M. With these filings, Circus positions itself as a pioneer in dual-use robotics, where culinary automation converges with defense-grade technologies. With these patents, Circus reinforces its transformation from an early AI robotics innovator into a strategic deep-tech company operating at the intersection of artificial intelligence, automation, and defense infrastructure. The goal is to secure a leading position in the emerging market for autonomous support systems across NATO and allied forces. In the defense domain, these patents establish significant competitive barriers for new entrants, allowing Circus to deploy protected technology while forcing competitors to develop alternatives - often costlier or less efficient - solutions. This provides the company with critical time to build market share and set technological standards. Following the successful grant of its core technology patent for the CA-1 AI robot in April 2025, these six additional filings mark Circus' entry into a phase of comprehensive intellectual property protection. The company's clear objective is to establish an unassailable technological lead in AI-driven robotics within the global defense market.
Major Estimate Revision • Sep 23Consensus revenue estimates fall by 60%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €7.60m to €3.05m. Forecast losses increased from -€0.727 to -€0.753 per share. Machinery industry in Germany expected to see average net income growth of 21% next year. Consensus price target down from €43.37 to €36.70. Share price rose 6.9% to €14.80 over the past week.
공지 • Sep 08Circus SE Begins Deliveries of AI-Robots from High-Volume FactoryCircus SE announced a landmark achievement: the first fourth-generation CA-1 AI-robot has successfully been completed in its newly established high-volume production facility, several additional robots are already in production in parallel. This achievement comes just six months after setting up the factory, confirming Circus' ability to industrialize breakthrough AI-robotics technology at record speed. Designed around an intelligent, modular production setup, the facility combines scalability and agility to execute mass production for autonomous AI-robots. Every CA-1 undergo more than 150 precision tests to guarantee enterprise-grade reliability -- a level of engineering that mirrors the automotive industry. With completing the industrialization phase and factory setup for the CA-1, Circus aims to bring its second autonomous robotics system -- the CA-M, designed for defense and military use -- to high-volume production from later next year. The company is already exploring additional production options across Europe and the US.
공지 • Aug 22Circus SE Secures Federal Research Grant to Advance Defense Ai-RoboticsCircus SE has secured a EUR 2 million research and development grant from the German Federal Ministry of Education and Research (BMBF). This recurring annual funding will accelerate the development of the CA-M AI-Robot, a fully autonomous nutrition system designed for reliable meal supply in defense environments. The CA-M is built on the proven core technology of the CA-1 AI-robot, Circus’ commercial flagship robot, and extends its capabilities into the defense sector. Designed to remove manual labor from complex meal supply infrastructures, the CA-M robot enables seamless autonomous operation in mission environments, freeing up personnel for more critical tasks and enhancing operational resilience. Backed by Circus’ patented AI-robotics ecosystem, the CA-M combines advanced AI-driven software, autonomous mealpreparation, and secure system integration to deliver end-to-end nutrition at scale. With the support of the Federal Ministry, Circus will fast-track R&D, expand its defense-focused engineering teams, and further strengthen its newly established Defense Unit. The grant highlights the German government’s commitment to advancing AI and robotics as strategic technologies. For Circus, it represents a supportive step toward establishing itself as the global innovation leader in autonomous defense nutrition systems.
공지 • Aug 12Circus SE Receives NATO Approval for Defense Contracts and Multinational Procurement ProgramsCircus SE has been officially listed by the NSPA, qualifying Circus as a certified supplier for NATO and its member nations. This certification marks a significant expansion of Circus' defense sector presence and grants access to NATO-wide defense, logistics, and crisis response programs. The company is now eligible for major defense programs and will appear alongside trusted global suppliers such as Lockheed Martin, Renk, and Rheinmetall, used by procurement officials across the NATO alliance. Inclusion in the regulated NSPA supplier registers is the formal prerequisite for participation in NATO procurement tenders and direct contract awards as the registration is only open to companies with a significant presence in the relevant field. It allows Circus SE to take part in defense procurement programs and supply contracts issued annually by the NATO Support and Procurement Agency (NSPA) as the first registered provider of fully autonomous systems like CA-1 and CA-M powered by AI-robotics. The certification verifies that Circus meets NATO's security, quality, and financial requirements including AQAP and relevant ISO standards and will simplify future contracts via the Alliance's digital procurement systems. As NATO procurement increasingly prioritizes technology-driven and autonomous solutions, Circus is particularly well positioned to benefit from the fast growing defense market. Building on its recent U.S. government and Department of Defense supplier approval, the NATO listing positions Circus as a reliable, rapidly deployable partner for AI-powered nutrition systems in field operations, exercises, and emergency missions.
Price Target Changed • Aug 11Price target decreased by 23% to €43.37Down from €56.65, the current price target is an average from 3 analysts. New target price is 189% above last closing price of €15.00. Stock is down 24% over the past year. The company is forecast to post a net loss per share of €0.73 next year compared to a net loss per share of €0.67 last year.
Buy Or Sell Opportunity • Aug 07Now 22% undervaluedThe stock has been flat over the last 90 days, currently trading at €14.40. The fair value is estimated to be €18.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 13,036% in 2 years. Earnings are forecast to grow by 62% in the next 2 years.
공지 • Jul 21Circus SE, Annual General Meeting, Aug 25, 2025Circus SE, Annual General Meeting, Aug 25, 2025, at 09:00 W. Europe Standard Time.
공지 • Jun 11Circus Se Announces the Appointment of Sasha Borovik as General Counsel Effective June 11, 2025Circus SE announced the appointment of Sasha Borovik as General Counsel effective June 11, 2025. A graduate of Harvard Law School with over two decades of global legal and commercial leadership, Borovik has negotiated complex technology, defense, and AI transactions on behalf of major corporations and institutions. His track record spans work with NATO-aligned governments, the UN, and AI leaders shaping next-generation defense infrastructure. At Helsing, Europe’s leading defense AI company, Borovik played a pivotal role as General Counsel and Director of Compliance - not only building the legal function, but also leading the structuring and execution of multiple capital rounds totaling over $800 million to date. His legal leadership was instrumental in navigating dual-use technology regulation, defense contracting, and IP protection in one of Europe’s most strategically important AI ventures. Prior to Helsing, Borovik served as Senior Director and Lead Counsel for EMEA at Akamai Technologies, and Director of Legal Affairs at Microsoft as a head lawyer for the public sector, where he supported global expansion, strategic partnerships, and high-value commercial transactions across regulated markets. Borovik’s appointment comes as Circus prepares for the launch of its CA-M defense product line, the world’s first autonomous meal supply system designed for defense and critical infrastructure, and ramps up serial production of its core CA-1 system. As the company’s first core defense executive, he will play a critical role in shaping commercial agreements, institutional partnerships, and regulatory strategy across dual-use domains. Borovik holds law degrees from Harvard Law School and Charles University in Prague. He speaks seven languages and is admitted to the bar in both the European Union and the state of New York.
공지 • May 22+ 1 more updateCircus SE Appoints Niklas von Weihe as Director of AICircus SE announced the successful acquisition of FullyAI, marking a major milestone in its mission to build a unified intelligence layer across its robotics and software. FullyAI will become the cognitive engine of the Circus ecosystem — starting with a fully integrated AI-powered voice ordering terminal and expanding into real-time operational decision-making, predictive maintenance, autonomous optimization, and highly personalized user experiences across the Circus AI-Software and robotics ecosystem. As part of the acquisition, the FullyAI engineering team and management joined Circus. Niklas von Weihe, previously working closely with Meta’s advanced AI teams, joins as Director of AI. Minh Dao, former CEO of a leading growth and brand consultancy with clients like Tesla, Google and McDonald’s joins as VP of Growth, overseeing new product verticals and brand scale initiatives.
공지 • Apr 29Circus SE Introduces AI-Robot for Defense OperationsCircus SE introduced the CA-M, the world's first autonomous meal supply AI-robot developed specifically for defense forces operating in high-risk territory and beyond traditional supply lines. With modern military operations facing increasingly complex supply chain challenges, limited meal access, outdated nutrition standards, and the vulnerability of static field kitchens in high-risk zones, the CA-M delivers a breakthrough with fully autonomous, on-demand meal production under extreme operational conditions. By eliminating the dependency on traditional field kitchens and minimizing supply chain personnel in hostile environments, the CA-M redefines how armed forces sustain themselves during operations. The launch of CA-M marks the second product in Circus' AI-robot line, arriving shortly after the company's start of serial manufacturing for its CA-1 AI-robotic system. Built on the same patented technology as its civilian version CA-1, the CA-M extends the core capabilities into an outdoor, ruggedized format engineered for frontline use. Engineered for rapid deployment and operational agility, the CA-M is embedded in a 20- foot container, ensuring seamless mobility across military logistics networks and operates autonomously through CircusOS--Circus' AI-native operating system. Designed for extreme environments, it significantly reduces the need for human involvement in food preparation and distribution by leveraging robotics and minimal external dependencies. With off-grid features and onboard capacity for ingredients to prepare over 1,000 fresh meals per load, the CA-M ensures autonomous operations even in highly dynamic or remote conditions. Active negotiations are underway with multiple NATO-aligned and allied defense forces for initial field deployments. A CA-M evaluation unit is available for classified demonstrations in Munich, Germany, and can be booked via the Circus Group website.
공지 • Apr 18Circus SE Secures European Patent Grant for Core Technology of its AI-RobotCircus SE has announced that the European Patent Office has issued the official Decision to Grant under Article 97(1) EPC, covering its proprietary AI-powered robotic system – the CA-1. The patent protects the CA-1’s unique architecture and control method for automated, hygienic, and consistent meal production in compact environments. This European protection underscores Circus’ unique contribution to the field of AI-robotics based systems and secures the company’s inventions in autonomous systems for meal supply, comprising a rotationally symmetrical preparation vessel that couples with a mixing device and rotates on its axis, and a robotic manipulator designed to autonomously handle the vessel during food preparation using multi-modal heat control and adaptive decision-making. “Patents are more than legal protection, they are strategic assets that validate The patent comes as serial production of the CA-1 is already underway, with the commercial rollout of the Series 4 starting this summer. The grant reinforces Circus SE’s market-leading position and aligns with its strategic roadmap. The company is also expanding its intellectual property coverage in key international markets, including the United States, to support global commercialization and long-term competitive advantage. The mention of the grant will be published in the European Patent Bulletin 25/19 on May 7, 2025.
공지 • Apr 04Circus SE Unveils CA-1 Series 4: New Generation AI-Robot Enters Volume ProductionCircus SE announced the launch and active production start of CA-1 Series 4, the most advanced generation of its embodied AI-powered meal production robot. Purpose-built for industrial scale, Series 4 redefines autonomous food service with breakthrough improvements across throughput, intelligence, and user experience with customer deliveries scheduled from this Summer. The new Series 4 builds on years of development and real-world use, featuring a redesigned architecture optimized for throughput, efficiency, and modularity. At its core is an advanced induction heating system with profiling temperature control and customizable stirring speeds for AI-driven precision meal preparation. A new pot and silo structure enables faster, more reliable handling and supports over 500 meals per ingredient load. An all new electromagnetic quick-release gripper, integrated with collaborative arms, improves responsiveness and reduces cycle time, while boosting durability. The re-engineered cleaning module features an industrial-grade retracting system and intelligent washer for fully automated hygiene. An upgraded dispensing unit ensures precise ingredient handling and fast swaps. A new onboard touchscreen, paired with AI voice ordering, makes the CA-1 the first meal production robot with a fully integrated user-facing experience. The system runs on an AI-native architecture integrated with Circus OS, enabling real-time optimization and intelligent coordination. A fully reengineered frame and material strategy reduces total system weight by over 450 kg, significantly cutting costs across shipping, handling, and installation.
공지 • Mar 14Circus SE Appoints Kasper Rørsted to its Board of AdvisorsCircus SE announced that Kasper Rørsted, former CEO of Adidas and Henkel, is joining its Board of Advisors. Rørsted will contribute his extensive experience in leading some of the world’s most iconic brands and managing complex, high-growth businesses at a global scale. Kasper Rørsted is one of Europe's most accomplished executives, with a proven track record in steering DAX-listed companies and global technology businesses through transformation and growth. As CEO of Adidas (2016–2022), he led the company through a period of significant digital acceleration, operational excellence, and brand elevation, solidifying its place as a global leader in sportswear. Prior to Adidas, Rørsted served as CEO of Henkel (2008–2016), where he drove record performance by globalizing the business and strategically optimizing its portfolio. Earlier in his career, Rørsted held senior leadership roles at Hewlett-Packard, Compaq, and Oracle, bringing decades of experience at the intersection of technology, innovation, and consumer industries. Rørsted currently serves on the Supervisory Board of Siemens AG, Lenovo Group Ltd. (HK) and the Board of A.P. Møller-Mærsk, bringing his strategic expertise to the world’s most respected technology and logistics companies. He is widely recognized for his leadership in scaling complex organizations and building some of the world’s most renowned brands.
공지 • Feb 17Hajo Riesenbeck Joins Board of Advisors of Circus SECircus SE announced that Hajo Riesenbeck is joining its Board of Advisors among leading industry experts in the field of AI, robotics and global growth. Hajo Riesenbeck is a visionary leader with a distinguished career in global strategy, business transformation, and consumer innovation. During his 30-year tenure at McKinsey & Company, he established McKinsey's Marketing & Sales Practice in Europe, driving its significant growth and shaping its strategic impact across industries. He later took on global leadership roles, spearheading McKinsey’s external and internal communications while advising some of the world’s most influential brands. His deep expertise in scaling businesses and optimizing market strategies will be instrumental in accelerating Circus' global expansion. Beyond his corporate leadership, Riesenbeck has been a passionate advocate for sustainability and social responsibility. As a long-time supporter and Board of Trustees member of Welthungerhilfe, he has been deeply committed to ensuring balanced nutrition is accessible to all. His work in addressing global food insecurity aligns perfectly with Circus' mission to use AI and robotics to minimize food waste and increase efficiency in food production worldwide. Hajo Riesenbeck’s appointment reinforces Circus SE’s dedication to assembling world-class advisors who bring visionary leadership and transformative expertise. As the company scales its operations and prepares for its international rollout, his strategic insights will play a critical role in shaping Circus’ future and ensuring its continued leadership in AI-powered food robotics. Hajo Riesenbeck is a seasoned business consultant and the Managing Director of Riesenbeck-Investment & Consulting GmbH, a firm he founded in 2009 to support small and midsized companies with his extensive consulting expertise. His professional journey began at Unilever, where he worked as a Product Manager in the detergents sector. In 1979, he joined McKinsey & Company, focusing on the consumer goods, retail, and media sectors. From 1986 to 1993, he led these sectors in Germany. Concurrently, he established McKinsey's Marketing & Sales Practice in Europe, contributing to its significant growth. He also co-authored the bestseller "Power Brands (Marketing made to measure)", which features many of the concepts developed during this time. From 2003 until 2009, he was responsible for McKinsey's global external and internal communications. In addition to his professional endeavors, Riesenbeck is committed to philanthropic activities. He serves on the Board of Trustees of Welthungerhilfe (International Hunger Relief), contributing his expertise to combat global hunger. Throughout his career, Hajo Riesenbeck has demonstrated a profound commitment to business excellence and social responsibility, leveraging his extensive experience to drive growth and positive change across various sectors.
공지 • Feb 03Circus SE Appoints Claus Holst-Gydesen as Co-CEO for Global Expansion and StrategyCircus SE announced the appointment of Claus Holst-Gydesen as Co-CEO for Global Expansion and Strategy. Claus Holst-Gydesen, a successful top executive, brings extensive experience as Managing Director for the German-speaking region at Fortune 500 company Disney, as well as a long tenure as CEO of Zwilling and Viega. Viega is a globally recognized leader in infrastructure technology for buildings and digital solutions for water and energy efficiency. With a proven track record of scaling German enterprises into global market leaders, Holst-Gydesen will play a key role in driving Circus’ international expansion and growth in AI and robotics. As Co-CEO for Global Expansion and Strategy, Claus Holst-Gydesen will lead the global expansion efforts of Circus, focusing on scaling commercial growth to fully capitalize on the company's market potential as a pioneer in Embodied AI applications.
New Risk • Jan 30New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (11% average weekly change).
New Risk • Dec 22New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (11% average weekly change).
공지 • Dec 18Circus SE Announces the Appointment of Jürgen Thamm to its Advisory BoardCircus SE announced the appointment of Jürgen Thamm to its Advisory Board. Thamm, the former Regional Director Continental Europe at Compass, the world’s largest catering company with over 500,000 employees and $42.2 billion in revenue, brings unparalleled expertise in food service and strategic growth to Circus’ mission of automating food service through AI and robotics globally. With decades of leadership experience at Compass Group, Thamm has a deep understanding of the complexities and inefficiencies of manual labor in large-scale food operations, including the significant food waste that results from these challenges. As Compass focuses on serving large-scale enterprises in employee catering, Thamm recognizes that much of the market potential remains untapped due to the high costs and limitations of manual labor. Thamm’s addition to the Advisory Board reflects his strong belief in the transformative potential of robotics and AI in the food service industry. The CircusAI technology in combination with its revolutionary CA-1 robot, offers fully autonomous food production that can overcome the limitations of manual labor, reduce food waste, and open new opportunities in the catering sector.
공지 • Nov 20Circus SE (XTRA:CA1) signed a letter of intent to acquire Campo GmbH.Circus SE (XTRA:CA1) signed a letter of intent to acquire Campo GmbH on November 20, 2024. The transaction is subject to definitive agreement. After completion of the transaction, Carlo Caldi shall lead Circus’s expansion in the mobility, retail and convenience sector, as Managing Director Europe. The transaction is expected to close within 8-10 weeks. YPOG acted as legal advisor for Circus SE. Heuking Kühn Lüer Wojtek acted as legal advisor for Circus SE.
공지 • Oct 15Circus SE Appoints Maria Danninger as A New Member of Its Advisory BoardCircus SE announced the appointment of Dr. Maria Danninger as a new member of its Advisory Board. Dr. Danninger, Next Gen Robotics Go-to-Market Lead at Accenture Tech Innovation, brings a wealth of experience in technology strategy, innovation management and intelligent robotics. Her expertise will be instrumental as Circus Group accelerates business growth with its commercial rollout of the CA-1 robot starting from 2025. In her current role at Accenture, Dr. Danninger focuses on driving innovation through strategy management in technology and robotics for global leading enterprises. Her deep industry knowledge and leadership in AI robotics are key assets that align with Circus Group's vision for the future of full food service autonomy. Dr. Danninger also brings valuable academic experience from her time at the Munich Institute of Robotics and Machine Intelligence (MIRMI) at TUM, one of Europe's leading research centres in robotics and artificial intelligence. There she led a team that translated groundbreaking research into industry-shaping innovations that address key societal challenges in areas such as labour, mobility, health and the environment. With more than a decade of professional experience as an executive, manager and consultant in digitalisation and IT project management, Dr. Danninger is a recognized thought leader in technology innovation. She holds a doctorate in Computer Science from the Karlsruhe Institute of Technology, a program completed in collaboration with Stanford University and SAP Research in Palo Alto. Her research focused on human-machine interaction and human-centred technologies – an area that complements Circus Group's commitment to improving lives through autonomous solutions.
공지 • Jul 18The Circus Group Appoints Arne Rost as Member of Its Advisory BoardThe Circus Group announced the appointment of Arne Rost as a new member of their advisory board. As the Managing Director of the TUM Venture Labs Robotics /AI, Roost’s role at this leading European DeepTech hub emphasises fostering innovative, scalable new businesses. This strategic addition supports Circus Group's goals to enhance its capabilities in serial production, strengthen its pioneering position in food service robotics, and facilitate the global commercial roll-out over the coming years. Arne Rost, whose career has included key roles at Bosch Home Appliances Group, brings over 17 years of experience in robotics, specializing in developing and scaling cutting-edge solutions that address real-world challenges. His robotics expertise will be instrumental in helping Circus to strengthen partnerships and support the development of the CA-1 robot into series production and further product development. The Technical University of Munich (TUM), consistently ranked at the top of European universities, has maintained its "University of Excellence" status since 2006, a distinction that recognizes its leading role in German cutting-edge research. TUM currently holds the top position in the robotics category within the AIRankings between 2018 and 2023. Furthermore, the Financial Times has named UnternehmerTUM as the best start-up hub in Europe, scoring particularly well with its strong network.
공지 • Jul 09CIRCUS SE, Annual General Meeting, Aug 16, 2024CIRCUS SE, Annual General Meeting, Aug 16, 2024, at 09:30 W. Europe Standard Time.
New Risk • Jun 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Share price has been volatile over the past 3 months (8.8% average weekly change).
