XTRA:SAP
XTRA:SAPSoftware

SAP (XTRA:SAP) Margin Surge And 134.5% EPS Growth Test Long‑Term Skepticism

SAP (XTRA:SAP) has wrapped up FY 2025 with fourth quarter revenue of €9.7b and basic EPS of €1.58, alongside trailing twelve month revenue of €36.8b and EPS of €6.28 that sit against reported earnings growth of 134.5% over the last year. The company has seen revenue move from €34.2b on a trailing basis at the end of 2024 to €36.8b by the close of 2025, while EPS on the same basis shifted from €2.68 to €6.28 as net margin widened from 9.1% to 19.9%. This has set up a results season in which...
XTRA:AOF
XTRA:AOFSoftware

The Bull Case For ATOSS Software (XTRA:AOF) Could Change Following Its 20th Record Year And AI Push

ATOSS Software SE reported its twentieth consecutive record year in 2025, driven by a 28% year-over-year increase in cloud and subscription revenues and supported by a strong liquidity position for continued investment. The company is also incorporating artificial intelligence into its offerings, with AI-enabled services already influencing customer decisions and forming a core pillar of its product roadmap. Next, we will examine how ATOSS Software’s rapid cloud and subscription expansion...
XTRA:WCH
XTRA:WCHChemicals

A Look At Wacker Chemie (XTRA:WCH) Valuation As PACE Cost Program Targets Long-Term Profitability Shift

PACE cost program shifts the focus for Wacker Chemie (XTRA:WCH) Wacker Chemie (XTRA:WCH) has launched its largest cost reduction program, PACE, after reporting 2025 results in line with expectations but under pressure from weak demand, lower capacity utilization and unfavorable currency effects. See our latest analysis for Wacker Chemie. The PACE announcement comes after a mixed run for investors, with the share price at €68.65, a 1-day share price return of 1.70% but a year to date share...
XTRA:OHB
XTRA:OHBAerospace & Defense

OHB (XTRA:OHB) Is Up 72.8% After Lifting Multi‑Year Revenue and Margin Guidance – What's Changed

In January 2026, OHB SE raised its earnings guidance for 2026 and 2027 and issued new 2028 targets, projecting revenues of about €1,400 million, €1,700 million and €2,000 million respectively, with EBIT margins around 8–9%. This multi-year outlook gives investors clearer visibility into OHB’s expected scale and profitability, highlighting management’s confidence in the company’s future operations. Next, we’ll examine how OHB’s higher multi-year revenue and margin guidance reshapes the...
XTRA:MRK
XTRA:MRKPharmaceuticals

Merck KGaA (XTRA:MRK) Valuation Check As Electronics Leadership Shifts Toward Semiconductors

Merck KGaA (XTRA:MRK) has put its Electronics business and semiconductor focus in the spotlight after appointing Benjamin Hein as sector chief executive and executive board member, succeeding incoming group CEO Kai Beckmann. See our latest analysis for Merck KGaA. Merck KGaA’s leadership reshuffle in the Electronics segment comes as the share price sits at €125.55, with a 90 day share price return of 10.67% and a 1 year total shareholder return of a 12.66% decline, suggesting recent momentum...
XTRA:YSN
XTRA:YSNIT

Why secunet Security Networks (XTRA:YSN) Is Up 15.8% After Strong 2025 Outlook Beat And Defence Surge

secunet Security Networks has released preliminary 2025 results showing revenue and order intake at the upper end of its outlook, driven by strong growth in the Public Sector and Defence&Space activities alongside improving trends in the Business Sector. The Management Board’s expectation of further revenue and earnings growth for 2026 underscores how public-sector security demand is increasingly shaping secunet’s business profile. We’ll now look at how secunet’s strong Defence&Space...
XTRA:TMV
XTRA:TMVSoftware

Assessing TeamViewer (XTRA:TMV) Valuation After New Thrive Partnership On Proactive IT Support

Thrive partnership shifts focus toward proactive IT support TeamViewer (XTRA:TMV) has announced a new partnership with managed services provider Thrive, integrating its Digital Employee Experience capabilities into Thrive’s ServiceNow based NextGen platform to support earlier issue detection and more automated IT operations. See our latest analysis for TeamViewer. Despite the Thrive partnership highlighting TeamViewer’s role in remote connectivity and automation, recent share price momentum...
XTRA:SIE
XTRA:SIEIndustrials

Siemens’ Automation and Energy Storage Push Might Change The Case For Investing In Siemens (XTRA:SIE)

In late January 2026, Siemens was highlighted across several industry reports for advancing robotics for data centers, AI-driven construction analytics, innovative electric control panels, and modular battery energy storage systems. These developments underscore how Siemens is embedding automation, AI, and grid-support technologies across infrastructure and energy markets, reinforcing its role as a key technology enabler. We’ll now examine how Siemens’ push into modular battery energy...
XTRA:DTE
XTRA:DTETelecom

The Bull Case For Deutsche Telekom (XTRA:DTE) Could Change Following Accelerated Fiber Rollout And Buybacks

Deutsche Telekom recently advanced its full fiber-to-the-home rollout, continued an active share buy-back program, and prepared for its late-February 2026 earnings update covering capital expenditure, partnerships, and dividend policy. An interesting angle for investors is how progress on fiber expansion and copper network retirement plans could influence long-term infrastructure economics and customer retention. With recent share price gains in the background, we’ll now examine how Deutsche...
XTRA:BAYN
XTRA:BAYNPharmaceuticals

How Investors May Respond To Bayer (XTRA:BAYN) Landmark OCEANIC-STROKE Phase III Anticoagulant Success

Bayer announced that the main results from its global Phase III OCEANIC-STROKE trial of investigational anticoagulant asundexian in secondary stroke prevention, which previously met its primary efficacy and safety endpoints, will be presented as late-breaking data at the American Stroke Association’s International Stroke Conference in New Orleans in early February 2026. The scale of OCEANIC-STROKE, enrolling over 12,300 patients worldwide, underlines Bayer’s ambition to expand its...
XTRA:BMW
XTRA:BMWAuto

Assessing BMW (XTRA:BMW) Valuation After EU India Luxury Car Tariff Cut Opens New Market

India’s new trade deal with the EU, which sharply cuts import duties on high end European cars, has pushed Bayerische Motoren Werke (XTRA:BMW) into focus as investors reassess its exposure to the Indian luxury segment. See our latest analysis for Bayerische Motoren Werke. Alongside the India tariff headlines and a new share buyback that saw 296,602 shares repurchased in January 2026, Bayerische Motoren Werke’s €87.42 share price sits between a weaker year to date share price return of 9.24%...
XTRA:DBK
XTRA:DBKCapital Markets

Deutsche Bank (XTRA:DBK) Net Margin Jump To 20.3% Tests Longstanding Bearish Narratives

Deutsche Bank (XTRA:DBK) has wrapped up FY 2025 with fourth quarter revenue of €7.3b and basic EPS of €0.38, capping off a trailing twelve month run that totals €30.4b in revenue and €3.16 in EPS. This came alongside earnings growth of 121% and a net profit margin of 20.3% versus 9.9% a year earlier. Over recent quarters, revenue has ranged from €7.3b to €7.8b while quarterly basic EPS has moved between €0.38 and roughly €1.00. Together, these figures provide a clearer view of how higher full...
XTRA:NEM
XTRA:NEMSoftware

Nemetschek (XTRA:NEM) Valuation Check After Beating 2025 Targets And Crossing €1b Revenue Mark

Nemetschek (XTRA:NEM) is in focus after reporting fiscal 2025 results that exceeded its already raised revenue and profitability targets, with currency adjusted revenue growth of 22.6% and revenue passing the €1b mark. See our latest analysis for Nemetschek. Even with the strong 2025 report and AI focused acquisitions such as Firmus AI, Nemetschek’s recent share price performance has been weak. The 30 day share price return is 20.31% and the 1 year total shareholder return shows a decline of...
XTRA:SAP
XTRA:SAPSoftware

SAP (XTRA:SAP) Is Down 13.6% After Soft 2026 Cloud Guidance Undercuts Strong 2025 Earnings

SAP SE reported its fourth-quarter and full-year 2025 results on January 29, 2026, with revenue rising to €9,684 million for the quarter and €36.80 billion for the year, alongside full-year net income of €7,327 million and new 2026 guidance targeting €25.8 billion–€26.2 billion in cloud revenue at constant currencies. While SAP highlighted record total cloud backlog of €77 billion and the growing role of SAP Business AI in cloud orders, investors focused on 2026 cloud revenue and backlog...
XTRA:HEN3
XTRA:HEN3Household Products

Henkel Talks Stahl Deal As Investors Weigh Valuation And Portfolio Shift

Henkel KGaA (XTRA:HEN3) has confirmed it is in talks with Wendel SE about a potential acquisition of Stahl Holdings B.V. The discussions are ongoing and no agreement has been reached at this stage. The news highlights a possible shift in Henkel's business mix if a transaction eventually proceeds. Henkel KGaA, trading at €72.98, is back in focus as investors weigh what a possible Stahl acquisition could mean for the group. The stock shows mixed longer term performance, with a 21.6% gain over...
XTRA:HEI
XTRA:HEIBasic Materials

Heidelberg Materials (XTRA:HEI) Valuation Check After Growth Outlook For Global Cement And Green Construction Materials

Heidelberg Materials (XTRA:HEI) is back in focus after fresh projections for global cement and construction stone markets highlighted long term growth drivers related to urbanization, infrastructure spending, and demand for lower carbon building materials. See our latest analysis for Heidelberg Materials. At a share price of €230.6, Heidelberg Materials has seen a 13.54% 90 day share price return and a very large 5 year total shareholder return, while short term momentum has cooled after the...