Reported Earnings • Jun 28
Full year 2025 earnings released Full year 2025 results: Revenue: €70.8m (down 3.0% from FY 2024). Net loss: €4.39m (down 344% from profit in FY 2024). New Risk • Jun 11
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.3% Last year net profit margin: 2.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (€8.28m market cap, or US$9.59m). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Profit margins are more than 30% lower than last year (1.3% net profit margin). New Risk • May 14
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.57m (US$10.00m) This is considered a major 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 Risks Interest payments are not well covered by earnings (2.4x net interest cover). Market cap is less than US$10m (€8.57m market cap, or US$10.00m). Minor Risk Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). New Risk • Mar 29
New minor risk - Financial data availability The 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 Risks Interest payments are not well covered by earnings (2.4x net interest cover). Market cap is less than US$10m (€8.64m market cap, or US$9.95m). Minor Risk Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). New Risk • Mar 03
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.57m (US$9.94m) This is considered a major 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 Risks Interest payments are not well covered by earnings (2.4x net interest cover). Market cap is less than US$10m (€8.57m market cap, or US$9.94m). Valuation Update With 7 Day Price Move • Oct 16
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to €23.00, the stock trades at a trailing P/E ratio of 4.6x. Average trailing P/E is 15x in the Consumer Durables industry in Europe. Total loss to shareholders of 45% over the past three years. New Risk • Aug 12
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €6.12m (US$7.15m) This is considered a major 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 Risks Latest financial reports are more than 1 year old (reported December 2023 fiscal period end). Share price has been highly volatile over the past 3 months (28% average weekly change). Market cap is less than US$10m (€6.12m market cap, or US$7.15m). New Risk • Jun 29
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended December 2023. 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 2023 fiscal period end). Interest payments are not well covered by earnings (2.9x net interest cover). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (€9.14m market cap, or US$10.7m). New Risk • Jun 24
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 12% 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 Interest payments are not well covered by earnings (2.9x net interest cover). Share price has been highly volatile over the past 3 months (12% average weekly change). Market cap is less than US$10m (€8.57m market cap, or US$9.92m). Minor Risk Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €19.00, the stock trades at a trailing P/E ratio of 3.2x. Average trailing P/E is 13x in the Consumer Durables industry in Europe. Total loss to shareholders of 14% over the past year. Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to €18.00, the stock trades at a trailing P/E ratio of 3x. Average trailing P/E is 14x in the Consumer Durables industry in Europe. Total loss to shareholders of 19% over the past year. New Risk • Jan 14
New minor risk - Financial data availability The 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 Risks Interest payments are not well covered by earnings (2.9x net interest cover). Share price has been highly volatile over the past 3 months (32% average weekly change). Market cap is less than US$10m (€8.64m market cap, or US$8.89m). Minor Risk Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to €22.40, the stock trades at a trailing P/E ratio of 3.8x. Average trailing P/E is 14x in the Consumer Durables industry in Europe. Total returns to shareholders of 4.7% over the past year. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to €17.50, the stock trades at a trailing P/E ratio of 2.9x. Average trailing P/E is 12x in the Consumer Durables industry in Germany. Total loss to shareholders of 7.9% over the past year. Valuation Update With 7 Day Price Move • Dec 05
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €20.40, the stock trades at a trailing P/E ratio of 3.4x. Average trailing P/E is 7x in the Consumer Durables industry in Germany. Total loss to shareholders of 7.3% over the past year. Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to €16.00, the stock trades at a trailing P/E ratio of 2.7x. Average trailing P/E is 8x in the Consumer Durables industry in Germany. Total loss to shareholders of 39% over the past year. Valuation Update With 7 Day Price Move • Oct 26
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €25.00, the stock trades at a trailing P/E ratio of 4.2x. Average trailing P/E is 8x in the Consumer Durables industry in Germany. Total loss to shareholders of 4.6% over the past year. Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €20.40, the stock trades at a trailing P/E ratio of 3.4x. Average trailing P/E is 8x in the Consumer Durables industry in Germany. Total loss to shareholders of 7.3% over the past year. Valuation Update With 7 Day Price Move • Aug 20
Investor sentiment improves as stock rises 42% After last week's 42% share price gain to €35.40, the stock trades at a trailing P/E ratio of 5.9x. Average trailing P/E is 7x in the Consumer Durables industry in Germany. Total returns to shareholders of 100% over the past year. Valuation Update With 7 Day Price Move • Jul 23
Investor sentiment deteriorates as stock falls 36% After last week's 36% share price decline to €21.00, the stock trades at a trailing P/E ratio of 3.5x. Average trailing P/E is 4x in the Consumer Durables industry in Germany. Total returns to shareholders of 35% over the past year. New Risk • Jun 20
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended December 2022. 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 2022 fiscal period end). Share price has been highly volatile over the past 3 months (27% average weekly change). Revenue has declined by 7.4% over the past year. Market cap is less than US$10m (€6.12m market cap, or US$6.56m). Buy Or Sell Opportunity • Jun 06
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.0% to €16.00. The fair value is estimated to be €20.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.4% over the last year. Meanwhile, the company became loss making. Buy Or Sell Opportunity • May 21
Now 33% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to €14.00. The fair value is estimated to be €20.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.4% over the last year. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Mar 12
Now 32% undervalued after recent price drop Over the last 90 days, the stock has fallen 35% to €14.30. The fair value is estimated to be €20.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.4% over the last year. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Feb 21
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 28% to €16.50. The fair value is estimated to be €20.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.4% over the last year. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Jan 21
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 44% to €14.60. The fair value is estimated to be €19.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.4% over the last year. Meanwhile, the company became loss making. New Risk • Jan 07
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. 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 Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Revenue has declined by 7.4% over the past year. Market cap is less than US$10m (€7.70m market cap, or US$8.43m). Minor Risk Latest financial reports are more than 6 months old (reported December 2022 fiscal period end).