Reported Earnings • Apr 22
First quarter 2026 earnings released: €0.25 loss per share (vs €0.098 loss in 1Q 2025) First quarter 2026 results: €0.25 loss per share (further deteriorated from €0.098 loss in 1Q 2025). Revenue: €22.1m (up 3.2% from 1Q 2025). Net loss: €1.54m (loss widened 160% from 1Q 2025). Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings. Major Estimate Revision • Feb 27
Consensus EPS estimates fall by 30% The consensus outlook for fiscal year 2026 has been updated. 2026 expected loss increased from -€0.05 to -€0.065 per share. Revenue forecast unchanged at €99.6m. Electrical industry in Germany expected to see average net income growth of 40% next year. Consensus price target of €18.00 unchanged from last update. Share price rose 15% to €10.05 over the past week. Announcement • Feb 12
Hoenle AG, Annual General Meeting, Mar 24, 2026 Hoenle AG, Annual General Meeting, Mar 24, 2026, at 10:00 W. Europe Standard Time. Buy Or Sell Opportunity • Feb 11
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 23% to €8.78. The fair value is estimated to be €7.17, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.4% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 1.2% in a year. Earnings are forecast to grow by 91% in the next year. Price Target Changed • Aug 12
Price target decreased by 7.7% to €18.00 Down from €19.50, the current price target is an average from 3 analysts. New target price is 114% above last closing price of €8.40. Stock is down 50% over the past year. The company is forecast to post a net loss per share of €0.26 next year compared to a net loss per share of €2.19 last year. Reported Earnings • Aug 08
Third quarter 2025 earnings released: €0.15 loss per share (vs €0.044 loss in 3Q 2024) Third quarter 2025 results: €0.15 loss per share (further deteriorated from €0.044 loss in 3Q 2024). Revenue: €23.4m (down 2.3% from 3Q 2024). Net loss: €907.0k (loss widened 242% from 3Q 2024). Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 31% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Aug 05
Now 25% undervalued Over the last 90 days, the stock has risen 2.7% to €8.48. The fair value is estimated to be €11.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.6% over the last 3 years. Earnings per share has declined by 59%. New Risk • Jun 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.2% 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 (0.1x net interest cover). Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Market cap is less than US$100m (€62.1m market cap, or US$72.0m). Price Target Changed • May 13
Price target decreased by 7.3% to €19.00 Down from €20.50, the current price target is an average from 2 analysts. New target price is 74% above last closing price of €10.90. Stock is down 45% over the past year. The company is forecast to post earnings per share of €0.03 next year compared to a net loss per share of €2.19 last year. Reported Earnings • May 09
Second quarter 2025 earnings released: EPS: €0.032 (vs €0.03 in 2Q 2024) Second quarter 2025 results: EPS: €0.032 (up from €0.03 in 2Q 2024). Revenue: €25.9m (up 6.5% from 2Q 2024). Net income: €194.0k (up 7.2% from 2Q 2024). Profit margin: 0.7% (in line with 2Q 2024). Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Announcement • Feb 13
Dr. Hönle AG, Annual General Meeting, Mar 25, 2025 Dr. Hönle AG, Annual General Meeting, Mar 25, 2025, at 10:00 W. Europe Standard Time. Reported Earnings • Feb 01
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: €2.19 loss per share (further deteriorated from €1.87 loss in FY 2023). Revenue: €100.9m (down 5.1% from FY 2023). Net loss: €13.3m (loss widened 17% from FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 29%. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 37% per year, which means it has not declined as severely as earnings. New Risk • Jan 31
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.0% 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 Debt is not well covered by operating cash flow (9.2% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Market cap is less than US$100m (€52.7m market cap, or US$54.8m). Major Estimate Revision • Dec 03
Consensus EPS estimates fall by 48% The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -€1.13 to -€1.67 per share. Revenue forecast unchanged at €97.9m. Electrical industry in Germany expected to see average net income growth of 38% next year. Consensus price target down from €20.50 to €19.50. Share price was steady at €8.50 over the past week. Announcement • Dec 03
Dr. Hönle AG to Report Fiscal Year 2024 Results on Dec 06, 2024 Dr. Hönle AG announced that they will report fiscal year 2024 results on Dec 06, 2024 Reported Earnings • Aug 08
Third quarter 2024 earnings released: €0.044 loss per share (vs €1.52 loss in 3Q 2023) Third quarter 2024 results: €0.044 loss per share (improved from €1.52 loss in 3Q 2023). Revenue: €24.5m (down 6.8% from 3Q 2023). Net loss: €265.0k (loss narrowed 97% from 3Q 2023). Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 40 percentage points per year, which is a significant difference in performance. Price Target Changed • May 17
Price target decreased by 14% to €25.20 Down from €29.15, the current price target is an average from 2 analysts. New target price is 30% above last closing price of €19.35. Stock is down 4.7% over the past year. The company is forecast to post earnings per share of €0.33 next year compared to a net loss per share of €1.87 last year. Reported Earnings • May 09
Second quarter 2024 earnings released: EPS: €0.03 (vs €0.11 in 2Q 2023) Second quarter 2024 results: EPS: €0.03 (down from €0.11 in 2Q 2023). Revenue: €25.1m (down 3.3% from 2Q 2023). Net income: €181.0k (down 73% from 2Q 2023). Profit margin: 0.7% (down from 2.6% in 2Q 2023). Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 27
First quarter 2024 earnings released: €0.15 loss per share (vs €0.26 profit in 1Q 2023) First quarter 2024 results: €0.15 loss per share (down from €0.26 profit in 1Q 2023). Revenue: €24.0m (down 13% from 1Q 2023). Net loss: €901.0k (down 157% from profit in 1Q 2023). Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Price Target Changed • Feb 12
Price target decreased by 7.9% to €29.15 Down from €31.65, the current price target is an average from 2 analysts. New target price is 83% above last closing price of €15.95. Stock is down 13% over the past year. The company is forecast to post earnings per share of €0.48 next year compared to a net loss per share of €1.87 last year. Announcement • Dec 08
Dr. Hönle Ag Provides Earnings Guidance for the Year 2022/2023 and 2023/2024 Dr. Hönle Ag provided earnings guidance for the year 2022/2023 and 2023/2024. The Management Board expected for the Hönle Group, sales of EUR 100 million to EUR 105 million and an operating result (EBIT) between EUR 7 million and EUR 8 million in the 2022/2023 financial year.For the 2023/2024 financial year the Management Board expects sales of between EUR 105 million and EUR 115 million and an operating result of between EUR 6 million and EUR 9 million for the Hönle Group. All business segments of the Hönle Group are expected to achieve a positive operating result and a positive operating cash flow overall. Buying Opportunity • Dec 01
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 25%. The fair value is estimated to be €19.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years. Meanwhile, the company became loss making. Announcement • Oct 21
Dr. Hönle AG Announces Management Changes The Supervisory Board of Dr. Hönle AG intends to appoint Dr. Markus Arendt as a member of the Management Board of Dr. Hönle AG with effect presumably from May 1st, 2024. He will follow Dr. Franz Richter, who was delegated to the Management Board by the Supervisory Board and will be leaving the Management Board when a successor is appointed. Mr. Richter returns to the Supervisory Board and takes over the Chairmanship again. Mr. Niklas Friedrichsen took over the Chairmanship of the Supervisory Board during the time of delegation. New Risk • Oct 06
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €94.3m (US$99.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Market cap is less than US$100m (€94.3m market cap, or US$99.9m). Buying Opportunity • Oct 04
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 33%. The fair value is estimated to be €20.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years. Meanwhile, the company became loss making. Price Target Changed • Aug 24
Price target decreased by 14% to €31.65 Down from €36.75, the current price target is an average from 2 analysts. New target price is 50% above last closing price of €21.10. Stock is down 1.9% over the past year. The company is forecast to post a net loss per share of €1.07 next year compared to a net loss per share of €2.20 last year. Reported Earnings • Aug 08
Third quarter 2023 earnings released: €1.52 loss per share (vs €0.12 loss in 3Q 2022) Third quarter 2023 results: €1.52 loss per share (further deteriorated from €0.12 loss in 3Q 2022). Revenue: €26.2m (down 10% from 3Q 2022). Net loss: €9.22m (loss widened €8.50m from 3Q 2022). Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Buying Opportunity • Aug 04
Now 23% undervalued Over the last 90 days, the stock is up 2.0%. The fair value is estimated to be €26.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • May 14
Second quarter 2023 earnings released: EPS: €0.11 (vs €0.36 in 2Q 2022) Second quarter 2023 results: EPS: €0.11 (down from €0.36 in 2Q 2022). Revenue: €26.6m (down 19% from 2Q 2022). Net income: €680.0k (down 69% from 2Q 2022). Profit margin: 2.6% (down from 6.6% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Reported Earnings • Jan 31
Full year 2022 earnings released: €2.20 loss per share (vs €0.80 loss in FY 2021) Full year 2022 results: €2.20 loss per share (further deteriorated from €0.80 loss in FY 2021). Revenue: €130.8m (up 14% from FY 2021). Net loss: €13.4m (loss widened 177% from FY 2021). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Announcement • Dec 14
An unknown buyer acquired Raesch Quarz (Germany) GmbH from Dr. Hönle AG (XTRA:HNL). An unknown buyer acquired Raesch Quarz (Germany) GmbH from Dr. Hönle AG (XTRA:HNL) on December 1, 2022.An unknown buyer completed the acquisition of Raesch Quarz (Germany) GmbH from Dr. Hönle AG (XTRA:HNL) on December 1, 2022. Announcement • Oct 20
Dr. Hönle AG to Report Fiscal Year 2022 Results on Dec 08, 2022 Dr. Hönle AG announced that they will report fiscal year 2022 results on Dec 08, 2022 Announcement • Aug 24
Norbert Haimerl Becomes CEO of Dr. Hönle AG The supervisory board of Dr. Hönle AG has decided to fill the position of CEO, which was newly created in the course of the restructuring of the Management Board, with Management Board member Norbert Haimerl. Mr. Haimerl will assume the position of CEO from September 1, 2022. After careful consideration of all requirements, the ideal person for the position of CEO was found in Mr. Haimerl, as he recognized the need for change identified in the Hönle Group and can initiate measures immediately. As CEO, Mr. Haimerl will primarily be responsible for the areas of marketing and sales and will initially take on this task in a dual function in addition to his previous responsibility as a member of the Management Board for the areas of finance and human resources, until another member of the Management Board is appointed for the areas of finance and human resources. Until further notice, the company will be managed by Mr. Haimerl and Mr. Pumpe (Chief Development and Manufacturing Officer). Reported Earnings • Aug 07
Third quarter 2022 earnings released: €0.12 loss per share (vs €0.021 profit in 3Q 2021) Third quarter 2022 results: €0.12 loss per share (down from €0.021 profit in 3Q 2021). Revenue: €29.6m (up 8.5% from 3Q 2021). Net loss: €724.0k (down €853.0k from profit in 3Q 2021). Over the next year, revenue is forecast to grow 5.3%, compared to a 14% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Announcement • Aug 01
Dr. Hönle AG Provides Earnings Guidance for 2022 Dr. Hönle AG provided earnings guidance for 2022. For the year, company announced that the Management Board expects sales of EUR 125 million to EUR 130 million and an operating result (EBIT) between EUR 9 million and EUR 11 million in the 2021/2022 financial year. Price Target Changed • Jul 28
Price target decreased to €44.75 Down from €53.50, the current price target is an average from 2 analysts. New target price is 101% above last closing price of €22.30. Stock is down 55% over the past year. The company is forecast to post earnings per share of €1.52 next year compared to a net loss per share of €0.80 last year. Price Target Changed • May 18
Price target decreased to €57.00 Down from €63.00, the current price target is an average from 2 analysts. New target price is 148% above last closing price of €23.00. Stock is down 50% over the past year. The company is forecast to post earnings per share of €1.78 next year compared to a net loss per share of €0.80 last year. Reported Earnings • May 15
Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2022 results: EPS: €0.36 (down from €0.49 in 2Q 2021). Revenue: €32.8m (up 6.1% from 2Q 2021). Net income: €2.18m (down 27% from 2Q 2021). Profit margin: 6.6% (down from 9.7% in 2Q 2021). Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 195%. Over the next year, revenue is forecast to grow 16%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Announcement • May 13
Dr. Hönle Ag Provides Earnings Guidance for 2022 Dr. Hönle AG provided earnings guidance for 2022. For the period the company announced that the board expects the Hönle Group to generate sales revenues of EUR 130 million to 140 million and an operating result (EBIT) of EUR 14 million to 17 million in financial year 2021/2022. Upcoming Dividend • Mar 18
Upcoming dividend of €0.20 per share Eligible shareholders must have bought the stock before 25 March 2022. Payment date: 29 March 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.6%. Lower than top quartile of German dividend payers (3.6%). Lower than average of industry peers (0.9%). Announcement • Feb 25
Dr. Hönle AG, Annual General Meeting, Mar 24, 2022 Dr. Hönle AG, Annual General Meeting, Mar 24, 2022. Price Target Changed • Feb 21
Price target decreased to €59.50 Down from €66.25, the current price target is an average from 2 analysts. New target price is 116% above last closing price of €27.60. Stock is down 42% over the past year. The company is forecast to post earnings per share of €3.01 next year compared to a net loss per share of €0.80 last year. Announcement • Feb 19
Dr. Hönle AG Provides Earnings Guidance for the Financial Year 2021/2022 Dr. Hönle AG provided earnings guidance for the financial year 2021/2022. The Management Board expects revenues of between EUR 130 million and EUR 140 million and an operating result (EBIT) of between EUR 14 million and EUR 17 million in financial year 2021/2022. Reported Earnings • Jan 28
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: €0.80 loss per share (down from €1.02 profit in FY 2020). Revenue: €116.8m (up 24% from FY 2020). Net loss: €4.82m (down 185% from profit in FY 2020). Revenue missed analyst estimates by 100%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is forecast to grow 28%, compared to a 14% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Aug 21
Consensus EPS estimates fall to €1.20 The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from €120.9m to €116.3m. EPS estimate also fell from €1.86 to €1.20. Net income forecast to grow 180% next year vs 81% growth forecast for Electrical industry in Germany. Consensus price target down from €66.25 to €63.00. Share price was steady at €50.00 over the past week. Reported Earnings • Aug 08
Third quarter 2021 earnings released: EPS €0.021 (vs €0.065 in 3Q 2020) The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: €27.5m (up 32% from 3Q 2020). Net income: €129.0k (down 64% from 3Q 2020). Profit margin: 0.5% (down from 1.7% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Jul 21
Consensus EPS estimates fall to €1.91 The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from €122.8m to €120.9m. EPS estimate also fell from €2.13 to €1.91. Net income forecast to grow 175% next year vs 58% growth forecast for Electrical industry in Germany. Consensus price target broadly unchanged at €66.25. Share price fell 3.8% to €47.50 over the past week. Reported Earnings • May 14
Second quarter 2021 earnings released The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €31.3m (up 24% from 2Q 2020). Net income: €3.00m (up 66% from 2Q 2020). Profit margin: 9.6% (up from 7.1% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Mar 17
Upcoming Dividend of €0.50 Per Share Will be paid on the 26th of March to those who are registered shareholders by the 24th of March. The trailing yield of 1.0% is below the top quartile of German dividend payers (3.3%), and is lower than industry peers (2.0%). Reported Earnings • Feb 23
First quarter 2021 earnings released: EPS €0.27 (vs €0.48 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: €27.1m (up 6.3% from 1Q 2020). Net income: €1.65m (down 37% from 1Q 2020). Profit margin: 6.1% (down from 10% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 22
New 90-day low: €47.40 The company is down 6.0% from its price of €50.30 on 24 November 2020. The German market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €160 per share. Reported Earnings • Jan 30
Full year 2020 earnings released: EPS €1.02 (vs €2.24 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €93.9m (down 13% from FY 2019). Net income: €5.68m (down 55% from FY 2019). Profit margin: 6.0% (down from 12% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Jan 30
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 0.03%. Earnings per share (EPS) exceeded analyst estimates by 4.1%. Over the next year, revenue is forecast to grow 35%, compared to a 16% growth forecast for the Electrical industry in Germany. 
