View Future GrowthBAUER 과거 순이익 실적과거 기준 점검 3/6BAUER은 연평균 989.6%의 비율로 수입이 증가해 온 반면, Construction 산업은 수입이 19.7% 증가했습니다. 매출은 연평균 19.6%의 비율로 증가했습니다. BAUER의 자기자본이익률은 1.9%이고 순이익률은 0.4%입니다.핵심 정보989.58%순이익 성장률894.95%주당순이익(EPS) 성장률Construction 산업 성장률-11.97%매출 성장률19.57%자기자본이익률1.93%순이익률0.44%최근 순이익 업데이트31 Dec 2024최근 과거 실적 업데이트분석 기사 • May 15BAUER's (HMSE:B5A0) Promising Earnings May Rest On Soft FoundationsDespite announcing strong earnings, BAUER Aktiengesellschaft's ( HMSE:B5A0 ) stock was sluggish. We think that the...Reported Earnings • May 09Full year 2024 earnings released: EPS: €0.21 (vs €0.14 in FY 2023)Full year 2024 results: EPS: €0.21 (up from €0.14 in FY 2023). Revenue: €2.10b (up 23% from FY 2023). Net income: €9.10m (up 66% from FY 2023). Profit margin: 0.4% (up from 0.3% in FY 2023). Revenue is forecast to stay flat during the next 3 years compared to a 4.1% growth forecast for the Construction industry in Europe.Reported Earnings • Jul 29Full year 2023 earnings released: EPS: €0.14 (vs €3.66 loss in FY 2022)Full year 2023 results: EPS: €0.14 (up from €3.66 loss in FY 2022). Revenue: €1.74b (up 5.9% from FY 2022). Net income: €5.47m (up €101.0m from FY 2022). Profit margin: 0.3% (up from net loss in FY 2022).Reported Earnings • Aug 23Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: €428.4m (up 7.0% from 2Q 2022). Net income: €2.55m (down 74% from 2Q 2022). Profit margin: 0.6% (down from 2.4% in 2Q 2022). Revenue is forecast to grow 2.9% p.a. on average during the next 2 years, compared to a 9.4% growth forecast for the Construction industry in Germany.모든 업데이트 보기Recent updatesNew Risk • May 11New major risk - Financial data availabilityThe company's latest financial reports are more than a year old. Last reported fiscal period ended December 2024. This is considered a major 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. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported December 2024 fiscal period end). Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risk Large one-off items impacting financial results.분석 기사 • Jan 09BAUER (HMSE:B5A0) Might Have The Makings Of A Multi-BaggerIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...New Risk • Nov 23New 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: Major Risk Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Large one-off items impacting financial results.공시 • Jun 02BAUER Aktiengesellschaft, Annual General Meeting, Jul 10, 2025BAUER Aktiengesellschaft, Annual General Meeting, Jul 10, 2025, at 10:00 W. Europe Standard Time.Buy Or Sell Opportunity • May 30Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 50% to €6.75. The fair value is estimated to be €5.46, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to decline by 0.09% per annum. Earnings are forecast to grow by 38% per annum over the same time period.분석 기사 • May 15BAUER's (HMSE:B5A0) Promising Earnings May Rest On Soft FoundationsDespite announcing strong earnings, BAUER Aktiengesellschaft's ( HMSE:B5A0 ) stock was sluggish. We think that the...Reported Earnings • May 09Full year 2024 earnings released: EPS: €0.21 (vs €0.14 in FY 2023)Full year 2024 results: EPS: €0.21 (up from €0.14 in FY 2023). Revenue: €2.10b (up 23% from FY 2023). Net income: €9.10m (up 66% from FY 2023). Profit margin: 0.4% (up from 0.3% in FY 2023). Revenue is forecast to stay flat during the next 3 years compared to a 4.1% growth forecast for the Construction industry in Europe.Valuation Update With 7 Day Price Move • Mar 17Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €5.85, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 12x in the Construction industry in Europe. Total returns to shareholders of 51% over the past year.New Risk • Feb 11New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. 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: Major Risk Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Share price has been volatile over the past 3 months (8.9% average weekly change).New Risk • Nov 25New 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 5.0% 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 Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risk Share price has been volatile over the past 3 months (5.0% average weekly change).Valuation Update With 7 Day Price Move • Nov 25Investor sentiment improves as stock rises 21%After last week's 21% share price gain to €4.70, the stock trades at a forward P/E ratio of 2x. Average forward P/E is 11x in the Construction industry in Europe. Total loss to shareholders of 2.7% over the past year.Valuation Update With 7 Day Price Move • Sep 20Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €4.87, the stock trades at a trailing P/E ratio of 38.3x. Average trailing P/E is 14x in the Construction industry in Europe. Total loss to shareholders of 12% over the past year.분석 기사 • Sep 20BAUER (HMSE:B5A) Has Some Way To Go To Become A Multi-BaggerFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...공시 • Aug 09BAUER Aktiengesellschaft, Annual General Meeting, Sep 19, 2024BAUER Aktiengesellschaft, Annual General Meeting, Sep 19, 2024, at 10:00 W. Europe Standard Time.Reported Earnings • Jul 29Full year 2023 earnings released: EPS: €0.14 (vs €3.66 loss in FY 2022)Full year 2023 results: EPS: €0.14 (up from €3.66 loss in FY 2022). Revenue: €1.74b (up 5.9% from FY 2022). Net income: €5.47m (up €101.0m from FY 2022). Profit margin: 0.3% (up from net loss in FY 2022).공시 • Dec 14BAUER Group Is Operational Again After Cyber-AttackThe cyber-attack on the BAUER Group took place at the end of October. As of this week, the company can now report that all essential core systems have been put back into operation. As of this week, the company is back online with core systems and are now returning to normal working day.공시 • Nov 09Bauer Announces Changes in the Supervisory BoardBAUER AG announced that with effect from November 2, 2023, Mr. Alfons Doblinger joined the Supervisory Board a shareholder representative. With the significantly increased shareholding that SD Thesaurus GmbH and Doblinger Beteiligung GmbH have acquired in BAUER AG since the delisting tender offer, these shares are now also adequately represented on the Supervisory Board on the shareholder representatives' side. Ms. Sabine Doblinger has been a member of the Supervisory Board since 2021. Ms. Andrea Teutenberg left the Supervisory Board when Mr. Alfons Doblinger joined. Ms. Teutenberg has intensively accompanied BAUER AG in her office since 2016, for which the Executive Board and the members of the Supervisory Board would like to thank her warmly and wish her all the best for her future. In addition, there will be a change at the top of the Supervisory Board of BAUER AG. The long-standing Chairman of the Supervisory Board, Prof. Thomas Bauer, will step down before the next Supervisory Board meeting in December, having agreed to separate with respect due to differences of opinion on the future direction of the company. With the resignation of Prof. Thomas Bauer, Prof. Dr. Bastian Fuchs is to be proposed to the court for appointment to the Supervisory Board of BAUER AG as a member representing the shareholders. It is also planned that Prof. Dr. Bastian Fuchs will run for the position of Chairman of the Supervisory Board. Further information on this will be announced in a separate release shortly.New Risk • Oct 26New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -€77m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€77m free cash flow). Earnings have declined by 51% per year over the past 5 years.Reported Earnings • Aug 23Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: €428.4m (up 7.0% from 2Q 2022). Net income: €2.55m (down 74% from 2Q 2022). Profit margin: 0.6% (down from 2.4% in 2Q 2022). Revenue is forecast to grow 2.9% p.a. on average during the next 2 years, compared to a 9.4% growth forecast for the Construction industry in Germany.New Risk • Jul 01New major risk - Revenue and earnings growthEarnings have declined by 47% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€77m free cash flow). Shares are highly illiquid. Earnings have declined by 47% per year over the past 5 years. Minor Risk Currently unprofitable and not forecast to become profitable next year (€16m net loss next year).매출 및 비용 세부 내역BAUER가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이HMSE:B5A0 매출, 비용 및 순이익 (EUR Millions)날짜매출순이익일반관리비연구개발비31 Dec 242,0459521031 Dec 231,7101484030 Sep 231,725-47495030 Jun 231,739-99506031 Mar 231,726-92510031 Dec 221,640-96513030 Sep 221,596-35510030 Jun 221,52316479031 Mar 221,5086466031 Dec 211,448-1455030 Sep 211,411-3444030 Jun 211,3931435031 Mar 211,324-9417031 Dec 201,351-8419030 Sep 201,364-49428030 Jun 201,384-52434031 Mar 201,473-36448031 Dec 191,480-37441030 Sep 191,5829443030 Jun 191,62620437031 Mar 191,62122431031 Dec 181,59823423030 Sep 181,5248418030 Jun 181,5585418031 Mar 181,6152417031 Dec 171,6763419030 Sep 171,68924409030 Jun 171,59420403031 Mar 171,47417399031 Dec 161,41011395030 Sep 161,37427400030 Jun 161,40528404031 Mar 161,41829405031 Dec 151,40230406030 Sep 151,39816395030 Jun 151,391183900양질의 수익: B5A0는 €14.8M 규모의 큰 일회성 이익이 있어 31st December, 2024까지 지난 12개월 재무 결과에 영향을 미쳤습니다.이익 마진 증가: B5A0의 현재 순 이익률 (0.4%)은 지난해 (0.05%)보다 높습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: B5A0는 지난 5년 동안 흑자전환했습니다.성장 가속화: B5A0의 지난해 수익 성장률을 5년 평균과 비교하기에 데이터가 부족합니다.수익 대 산업: B5A0의 지난 1년 수익 증가율(989.6%)은 Construction 업계의 16%를 상회했습니다.자기자본이익률높은 ROE: B5A0의 자본 수익률(1.9%)은 낮음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YCapital-goods 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/27 03:23종가2026/05/27 00:00수익2024/12/31연간 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 소스BAUER Aktiengesellschaft는 7명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Dominik von Podewils-DuernizBerenbergnull nullBofA Global ResearchKatja FilzekDeutsche Bank4명의 분석가 더 보기
분석 기사 • May 15BAUER's (HMSE:B5A0) Promising Earnings May Rest On Soft FoundationsDespite announcing strong earnings, BAUER Aktiengesellschaft's ( HMSE:B5A0 ) stock was sluggish. We think that the...
Reported Earnings • May 09Full year 2024 earnings released: EPS: €0.21 (vs €0.14 in FY 2023)Full year 2024 results: EPS: €0.21 (up from €0.14 in FY 2023). Revenue: €2.10b (up 23% from FY 2023). Net income: €9.10m (up 66% from FY 2023). Profit margin: 0.4% (up from 0.3% in FY 2023). Revenue is forecast to stay flat during the next 3 years compared to a 4.1% growth forecast for the Construction industry in Europe.
Reported Earnings • Jul 29Full year 2023 earnings released: EPS: €0.14 (vs €3.66 loss in FY 2022)Full year 2023 results: EPS: €0.14 (up from €3.66 loss in FY 2022). Revenue: €1.74b (up 5.9% from FY 2022). Net income: €5.47m (up €101.0m from FY 2022). Profit margin: 0.3% (up from net loss in FY 2022).
Reported Earnings • Aug 23Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: €428.4m (up 7.0% from 2Q 2022). Net income: €2.55m (down 74% from 2Q 2022). Profit margin: 0.6% (down from 2.4% in 2Q 2022). Revenue is forecast to grow 2.9% p.a. on average during the next 2 years, compared to a 9.4% growth forecast for the Construction industry in Germany.
New Risk • May 11New major risk - Financial data availabilityThe company's latest financial reports are more than a year old. Last reported fiscal period ended December 2024. This is considered a major 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. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported December 2024 fiscal period end). Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risk Large one-off items impacting financial results.
분석 기사 • Jan 09BAUER (HMSE:B5A0) Might Have The Makings Of A Multi-BaggerIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
New Risk • Nov 23New 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: Major Risk Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Large one-off items impacting financial results.
공시 • Jun 02BAUER Aktiengesellschaft, Annual General Meeting, Jul 10, 2025BAUER Aktiengesellschaft, Annual General Meeting, Jul 10, 2025, at 10:00 W. Europe Standard Time.
Buy Or Sell Opportunity • May 30Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 50% to €6.75. The fair value is estimated to be €5.46, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to decline by 0.09% per annum. Earnings are forecast to grow by 38% per annum over the same time period.
분석 기사 • May 15BAUER's (HMSE:B5A0) Promising Earnings May Rest On Soft FoundationsDespite announcing strong earnings, BAUER Aktiengesellschaft's ( HMSE:B5A0 ) stock was sluggish. We think that the...
Reported Earnings • May 09Full year 2024 earnings released: EPS: €0.21 (vs €0.14 in FY 2023)Full year 2024 results: EPS: €0.21 (up from €0.14 in FY 2023). Revenue: €2.10b (up 23% from FY 2023). Net income: €9.10m (up 66% from FY 2023). Profit margin: 0.4% (up from 0.3% in FY 2023). Revenue is forecast to stay flat during the next 3 years compared to a 4.1% growth forecast for the Construction industry in Europe.
Valuation Update With 7 Day Price Move • Mar 17Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €5.85, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 12x in the Construction industry in Europe. Total returns to shareholders of 51% over the past year.
New Risk • Feb 11New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. 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: Major Risk Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Share price has been volatile over the past 3 months (8.9% average weekly change).
New Risk • Nov 25New 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 5.0% 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 Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risk Share price has been volatile over the past 3 months (5.0% average weekly change).
Valuation Update With 7 Day Price Move • Nov 25Investor sentiment improves as stock rises 21%After last week's 21% share price gain to €4.70, the stock trades at a forward P/E ratio of 2x. Average forward P/E is 11x in the Construction industry in Europe. Total loss to shareholders of 2.7% over the past year.
Valuation Update With 7 Day Price Move • Sep 20Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €4.87, the stock trades at a trailing P/E ratio of 38.3x. Average trailing P/E is 14x in the Construction industry in Europe. Total loss to shareholders of 12% over the past year.
분석 기사 • Sep 20BAUER (HMSE:B5A) Has Some Way To Go To Become A Multi-BaggerFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
공시 • Aug 09BAUER Aktiengesellschaft, Annual General Meeting, Sep 19, 2024BAUER Aktiengesellschaft, Annual General Meeting, Sep 19, 2024, at 10:00 W. Europe Standard Time.
Reported Earnings • Jul 29Full year 2023 earnings released: EPS: €0.14 (vs €3.66 loss in FY 2022)Full year 2023 results: EPS: €0.14 (up from €3.66 loss in FY 2022). Revenue: €1.74b (up 5.9% from FY 2022). Net income: €5.47m (up €101.0m from FY 2022). Profit margin: 0.3% (up from net loss in FY 2022).
공시 • Dec 14BAUER Group Is Operational Again After Cyber-AttackThe cyber-attack on the BAUER Group took place at the end of October. As of this week, the company can now report that all essential core systems have been put back into operation. As of this week, the company is back online with core systems and are now returning to normal working day.
공시 • Nov 09Bauer Announces Changes in the Supervisory BoardBAUER AG announced that with effect from November 2, 2023, Mr. Alfons Doblinger joined the Supervisory Board a shareholder representative. With the significantly increased shareholding that SD Thesaurus GmbH and Doblinger Beteiligung GmbH have acquired in BAUER AG since the delisting tender offer, these shares are now also adequately represented on the Supervisory Board on the shareholder representatives' side. Ms. Sabine Doblinger has been a member of the Supervisory Board since 2021. Ms. Andrea Teutenberg left the Supervisory Board when Mr. Alfons Doblinger joined. Ms. Teutenberg has intensively accompanied BAUER AG in her office since 2016, for which the Executive Board and the members of the Supervisory Board would like to thank her warmly and wish her all the best for her future. In addition, there will be a change at the top of the Supervisory Board of BAUER AG. The long-standing Chairman of the Supervisory Board, Prof. Thomas Bauer, will step down before the next Supervisory Board meeting in December, having agreed to separate with respect due to differences of opinion on the future direction of the company. With the resignation of Prof. Thomas Bauer, Prof. Dr. Bastian Fuchs is to be proposed to the court for appointment to the Supervisory Board of BAUER AG as a member representing the shareholders. It is also planned that Prof. Dr. Bastian Fuchs will run for the position of Chairman of the Supervisory Board. Further information on this will be announced in a separate release shortly.
New Risk • Oct 26New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -€77m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€77m free cash flow). Earnings have declined by 51% per year over the past 5 years.
Reported Earnings • Aug 23Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: €428.4m (up 7.0% from 2Q 2022). Net income: €2.55m (down 74% from 2Q 2022). Profit margin: 0.6% (down from 2.4% in 2Q 2022). Revenue is forecast to grow 2.9% p.a. on average during the next 2 years, compared to a 9.4% growth forecast for the Construction industry in Germany.
New Risk • Jul 01New major risk - Revenue and earnings growthEarnings have declined by 47% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€77m free cash flow). Shares are highly illiquid. Earnings have declined by 47% per year over the past 5 years. Minor Risk Currently unprofitable and not forecast to become profitable next year (€16m net loss next year).