Krones Yönetim
Yönetim kriter kontrolleri 4/4
Şu anda CEO hakkında yeterli bilgiye sahip değiliz.
Anahtar bilgiler
Christoph Klenk
İcra Kurulu Başkanı
€2.2m
Toplam tazminat
| CEO maaş yüzdesi | 39.37% |
| CEO görev süresi | 23.3yrs |
| CEO sahipliği | n/a |
| Yönetim ortalama görev süresi | 12.3yrs |
| Yönetim Kurulu ortalama görev süresi | 8.4yrs |
Son yönetim güncellemeleri
Recent updates
Anlatı Güncellemesi • Apr 23
KRN: Dividend Visibility And Margin Outlook Will Support Future Upside
Narrative Update on Krones Analysts have nudged the fair value estimate for Krones to €152.78 from €151.11, citing updated forecasts for revenue growth, profit margin, and a steady future P/E assumption, supported by recent price target revisions such as Berenberg's move to €156 and a reduction from Deutsche Bank. Analyst Commentary Recent research on Krones has focused on where the current share price sits relative to updated target prices, as well as how execution risk and growth expectations feed into those targets.Anlatı Güncellemesi • Apr 08
KRN: Updated Margin Assumptions And Dividend Outlook Will Support Future Upside
Analysts have nudged their price target on Krones higher to €156, a €6 increase, reflecting updated views on its long term margins, discount rate and P/E assumptions following recent research from both Berenberg and Deutsche Bank. Analyst Commentary Bullish Takeaways Bullish analysts link the €156 target to assumptions that Krones can sustain its long term margin profile, which they see as supportive of the current P/E framework.Anlatı Güncellemesi • Mar 25
KRN: Updated Assumptions And Dividend Outlook Will Support Medium Term Upside
Analysts now set their average price target for Krones at €156, up €6. They cite recent revisions that reflect updated assumptions for discount rates, revenue growth, profit margins and future P/E levels.Anlatı Güncellemesi • Mar 10
KRN: Refined Assumptions And Guidance Will Support A Steady Medium Term Outlook
Analysts have nudged their fair value estimate for Krones slightly higher to about €151 from roughly €150, citing updated price targets. Berenberg has moved its target to €156, which offsets a recent reduction from Deutsche Bank.Anlatı Güncellemesi • Feb 24
KRN: Revised Revenue And Margin Assumptions Will Support A Steady Medium Term Outlook
Analysts have reduced their price target on Krones by €7 in response to updated assumptions around revenue growth, profit margins and a slightly higher future P/E multiple, while maintaining a broadly consistent view of fair value. Analyst Commentary Bullish Takeaways Bullish analysts see the revised price target as still consistent with their overall view of fair value, suggesting the core investment case remains intact even after refreshing key assumptions.
Yeni Anlatı • Feb 11
Connected Filling Lines And Lifecycle Services Will Reshape Long Term Potential
Catalysts About Krones Krones supplies equipment, systems and services for filling, packaging, processing and intralogistics to the global beverage and food industry. What are the underlying business or industry changes driving this perspective?Anlatı Güncellemesi • Feb 09
KRN: Modest Model Adjustments Will Support A Balanced Near Term Outlook
Analysts have trimmed their price targets on Krones by around €1, reflecting slightly adjusted fair value estimates and updated assumptions on discount rates, revenue growth, profit margins, and future P/E expectations. Analyst Commentary Bullish Takeaways Bullish analysts see the recent price target cut of about €7 as a fine tuning of models rather than a shift in the long term equity story, reflecting updated views on discount rates and earnings multiples rather than a fundamental change in the business.Analiz Makalesi • Jan 27
At €142, Is Krones AG (ETR:KRN) Worth Looking At Closely?
Krones AG ( ETR:KRN ), might not be a large cap stock, but it saw a decent share price growth of 19% on the XTRA over...Anlatı Güncellemesi • Jan 25
KRN: Order Momentum And Management Confidence Will Support Balanced Near Term Outlook
Narrative Update The analyst price target for Krones has moved up from €152 to €157, as analysts point to a pick up in Q3 orders and highlight management's confidence that current momentum remains positive. Analyst Commentary Bullish analysts are focusing on order trends and management tone as key supports for their higher valuation range on Krones, while more cautious voices are watching how consistently this order momentum can translate into execution and earnings delivery.Analiz Makalesi • Jan 14
Here's Why We Think Krones (ETR:KRN) Is Well Worth Watching
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Anlatı Güncellemesi • Jan 10
KRN: Order Momentum And Management Confidence Will Shape Balanced Near Term Outlook
Narrative update on Krones Analysts have lifted their price target on Krones from €152 to €157, noting that a pick up in Q3 orders could continue into Q4 and that management’s confident tone on ongoing momentum supports the higher valuation assumptions. Analyst Commentary Recent commentary on Krones has focused on the order backdrop and how that feeds into expectations for execution and valuation over the next few quarters.Anlatı Güncellemesi • Dec 18
KRN: Sustained Order Momentum Will Drive Further Upside Potential
Analysts have slightly raised their price target on Krones to EUR 157 from EUR 152, citing expectations that the pick up in orders seen in Q3 will continue into Q4 and support sustained positive momentum. Analyst Commentary Bullish analysts interpret the higher price target as a sign that the market is underestimating Krones growth prospects, particularly given the visible acceleration in order intake from Q3 into Q4.Analiz Makalesi • Dec 05
Krones AG's (ETR:KRN) Prospects Need A Boost To Lift Shares
When close to half the companies in Germany have price-to-earnings ratios (or "P/E's") above 19x, you may consider...Anlatı Güncellemesi • Dec 04
KRN: Order Momentum And Margin Resilience Will Support Further Share Upside
Analysts have nudged their fair value estimate for Krones slightly lower to about EUR 154 from roughly EUR 156, even as they highlight resilient margins and an anticipated continuation of strong order momentum, which is reflected in recent price target revisions on the Street. Analyst Commentary Bullish analysts point to a healthy order backdrop and resilient execution as key drivers supporting Krones' valuation, even amid a modest trim to fair value estimates.Analiz Makalesi • Nov 11
The Krones AG (ETR:KRN) Third-Quarter Results Are Out And Analysts Have Published New Forecasts
It's been a good week for Krones AG ( ETR:KRN ) shareholders, because the company has just released its latest...Analiz Makalesi • Oct 31
These 4 Measures Indicate That Krones (ETR:KRN) Is Using Debt Reasonably Well
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analiz Makalesi • Oct 07
Is There Now An Opportunity In Krones AG (ETR:KRN)?
Krones AG ( ETR:KRN ), might not be a large cap stock, but it saw significant share price movement during recent months...Analiz Makalesi • Sep 25
Should You Be Adding Krones (ETR:KRN) To Your Watchlist Today?
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Anlatı Güncellemesi • Sep 24
Digitalization And Eco-Friendly Packaging Will Accelerate Global Expansion
Analysts have lowered their price target for Krones from €161.80 to €156.20, citing stretched valuation after a share price rally and limited short-term upside despite confidence in the company’s strong fundamentals and strategic execution. Analyst Commentary Bullish analysts cite Krones' clear strategic direction and strong management execution as key drivers for future growth.Analiz Makalesi • Sep 01
Krones AG's (ETR:KRN) Share Price Is Matching Sentiment Around Its Earnings
When close to half the companies in Germany have price-to-earnings ratios (or "P/E's") above 19x, you may consider...Analiz Makalesi • Aug 20
Krones (ETR:KRN) Is Looking To Continue Growing Its Returns On Capital
There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'll want to see a...Analiz Makalesi • Aug 02
Krones AG (ETR:KRN) Just Released Its Half-Year Earnings: Here's What Analysts Think
Shareholders might have noticed that Krones AG ( ETR:KRN ) filed its interim result this time last week. The early...Analiz Makalesi • Jul 11
An Intrinsic Calculation For Krones AG (ETR:KRN) Suggests It's 36% Undervalued
Key Insights Using the 2 Stage Free Cash Flow to Equity, Krones fair value estimate is €225 Krones' €144 share price...Analiz Makalesi • Jun 29
Is Krones (ETR:KRN) A Risky Investment?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analiz Makalesi • Jun 17
Here's Why Krones (ETR:KRN) Has Caught The Eye Of Investors
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Analiz Makalesi • May 14
Krones AG's (ETR:KRN) Shares Bounce 27% But Its Business Still Trails The Market
Krones AG ( ETR:KRN ) shareholders would be excited to see that the share price has had a great month, posting a 27...Analiz Makalesi • May 13
Should You Investigate Krones AG (ETR:KRN) At €142?
Krones AG ( ETR:KRN ), is not the largest company out there, but it received a lot of attention from a substantial...Analiz Makalesi • May 01
We Like These Underlying Return On Capital Trends At Krones (ETR:KRN)
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Analiz Makalesi • Apr 07
An Intrinsic Calculation For Krones AG (ETR:KRN) Suggests It's 42% Undervalued
Key Insights Krones' estimated fair value is €189 based on 2 Stage Free Cash Flow to Equity Krones is estimated to be...Analiz Makalesi • Mar 26
Krones (ETR:KRN) Has A Rock Solid Balance Sheet
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analiz Makalesi • Mar 13
Do Krones' (ETR:KRN) Earnings Warrant Your Attention?
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Analiz Makalesi • Feb 17
Cautious Investors Not Rewarding Krones AG's (ETR:KRN) Performance Completely
With a median price-to-earnings (or "P/E") ratio of close to 17x in Germany, you could be forgiven for feeling...Analiz Makalesi • Feb 03
What Does Krones AG's (ETR:KRN) Share Price Indicate?
Krones AG ( ETR:KRN ), might not be a large cap stock, but it saw a decent share price growth of 17% on the XTRA over...Analiz Makalesi • Jan 20
The Return Trends At Krones (ETR:KRN) Look Promising
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Ideally, a business...
Yeni Anlatı • Dec 20
Eastern Europe Expansion And Netstal Integration To Boost Profit Margins And Revenue Growth
Strong growth in Eastern Europe and Central Asia, and secure capacity utilization, suggest potential revenue growth and stable profit margins.Analiz Makalesi • Dec 04
Is Now The Time To Put Krones (ETR:KRN) On Your Watchlist?
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Analiz Makalesi • Nov 21
We Think Krones (ETR:KRN) Can Stay On Top Of Its Debt
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...Analiz Makalesi • Nov 08
Earnings Miss: Krones AG Missed EPS By 13% And Analysts Are Revising Their Forecasts
Krones AG ( ETR:KRN ) came out with its third-quarter results last week, and we wanted to see how the business is...Analiz Makalesi • Oct 30
When Should You Buy Krones AG (ETR:KRN)?
Krones AG ( ETR:KRN ), is not the largest company out there, but it received a lot of attention from a substantial...Analiz Makalesi • Oct 17
It's A Story Of Risk Vs Reward With Krones AG (ETR:KRN)
There wouldn't be many who think Krones AG's ( ETR:KRN ) price-to-earnings (or "P/E") ratio of 16.6x is worth a mention...Analiz Makalesi • Aug 22
Here's Why We Think Krones (ETR:KRN) Might Deserve Your Attention Today
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Analiz Makalesi • Jul 27
Is Krones (ETR:KRN) Using Too Much Debt?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analiz Makalesi • Jul 13
Krones' (ETR:KRN) Returns On Capital Are Heading Higher
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Analiz Makalesi • Jun 12
Not Many Are Piling Into Krones AG (ETR:KRN) Just Yet
There wouldn't be many who think Krones AG's ( ETR:KRN ) price-to-earnings (or "P/E") ratio of 17.4x is worth a mention...Analiz Makalesi • May 29
We Think Shareholders Are Less Likely To Approve A Large Pay Rise For Krones AG's (ETR:KRN) CEO For Now
Key Insights Krones' Annual General Meeting to take place on 4th of June Salary of €880.0k is part of CEO Christoph...Analiz Makalesi • May 22
Is There Now An Opportunity In Krones AG (ETR:KRN)?
Krones AG ( ETR:KRN ), is not the largest company out there, but it saw a double-digit share price rise of over 10% in...Analiz Makalesi • May 08
Here's What Analysts Are Forecasting For Krones AG (ETR:KRN) After Its First-Quarter Results
It's been a good week for Krones AG ( ETR:KRN ) shareholders, because the company has just released its latest...Analiz Makalesi • Apr 16
Is Krones (ETR:KRN) A Risky Investment?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analiz Makalesi • Mar 30
Krones (ETR:KRN) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
Despite posting some strong earnings, the market for Krones AG's ( ETR:KRN ) stock hasn't moved much. Our analysis...Analiz Makalesi • Mar 28
Analysts Have Made A Financial Statement On Krones AG's (ETR:KRN) Full-Year Report
Investors in Krones AG ( ETR:KRN ) had a good week, as its shares rose 3.6% to close at €123 following the release of...Analiz Makalesi • Mar 13
Here's Why We Think Krones (ETR:KRN) Might Deserve Your Attention Today
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Analiz Makalesi • Feb 13
Investors Interested In Krones AG's (ETR:KRN) Earnings
With a median price-to-earnings (or "P/E") ratio of close to 16x in Germany, you could be forgiven for feeling...Analiz Makalesi • Jan 31
Krones AG (ETR:KRN) Shares Could Be 49% Below Their Intrinsic Value Estimate
Key Insights Using the 2 Stage Free Cash Flow to Equity, Krones fair value estimate is €225 Krones' €115 share price...Analiz Makalesi • Jan 04
We Think Krones (ETR:KRN) Can Manage Its Debt With Ease
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analiz Makalesi • Dec 18
Is Krones AG (ETR:KRN) Potentially Undervalued?
While Krones AG ( ETR:KRN ) might not be the most widely known stock at the moment, it saw a decent share price growth...Analiz Makalesi • Nov 20
With EPS Growth And More, Krones (ETR:KRN) Makes An Interesting Case
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...Analiz Makalesi • Nov 06
Investors Shouldn't Overlook Krones' (ETR:KRN) Impressive Returns On Capital
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Analiz Makalesi • Sep 21
Is Krones (ETR:KRN) A Risky Investment?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...Analiz Makalesi • Aug 31
Is There Now An Opportunity In Krones AG (ETR:KRN)?
Krones AG ( ETR:KRN ), might not be a large cap stock, but it saw significant share price movement during recent months...Analiz Makalesi • Jul 22
We Ran A Stock Scan For Earnings Growth And Krones (ETR:KRN) Passed With Ease
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...Analiz Makalesi • Jul 10
Returns On Capital At Krones (ETR:KRN) Have Stalled
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...Analiz Makalesi • Jun 16
Is Krones AG (ETR:KRN) Trading At A 39% Discount?
Key Insights Using the 2 Stage Free Cash Flow to Equity, Krones fair value estimate is €185 Krones' €113 share price...Analiz Makalesi • May 10
At €111, Is Krones AG (ETR:KRN) Worth Looking At Closely?
Krones AG ( ETR:KRN ), is not the largest company out there, but it saw significant share price movement during recent...Analiz Makalesi • Apr 27
Does Krones (ETR:KRN) Have A Healthy Balance Sheet?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analiz Makalesi • Apr 13
Here's Why We Think Krones (ETR:KRN) Is Well Worth Watching
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Analiz Makalesi • Mar 30
Returns On Capital Signal Tricky Times Ahead For Krones (ETR:KRN)
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Ideally, a...CEO Tazminat Analizi
| Tarih | Toplam Tazminat | Maaş | Şirket Kazançları |
|---|---|---|---|
| Mar 31 2026 | n/a | n/a | €291m |
| Dec 31 2025 | n/a | n/a | €299m |
| Sep 30 2025 | n/a | n/a | €290m |
| Jun 30 2025 | n/a | n/a | €287m |
| Mar 31 2025 | n/a | n/a | €287m |
| Dec 31 2024 | €2m | €880k | €277m |
| Sep 30 2024 | n/a | n/a | €249m |
| Jun 30 2024 | n/a | n/a | €238m |
| Mar 31 2024 | n/a | n/a | €227m |
| Dec 31 2023 | €2m | €880k | €225m |
| Sep 30 2023 | n/a | n/a | €234m |
| Jun 30 2023 | n/a | n/a | €225m |
| Mar 31 2023 | n/a | n/a | €210m |
| Dec 31 2022 | €2m | €880k | €187m |
| Sep 30 2022 | n/a | n/a | €183m |
| Jun 30 2022 | n/a | n/a | €168m |
| Mar 31 2022 | n/a | n/a | €149m |
| Dec 31 2021 | €2m | €800k | €141m |
| Sep 30 2021 | n/a | n/a | -€11m |
| Jun 30 2021 | n/a | n/a | -€44m |
| Mar 31 2021 | n/a | n/a | -€86m |
| Dec 31 2020 | €1m | €760k | -€80m |
| Sep 30 2020 | n/a | n/a | -€14m |
| Jun 30 2020 | n/a | n/a | -€3m |
| Mar 31 2020 | n/a | n/a | €12m |
| Dec 31 2019 | €829k | €800k | €9m |
Tazminat ve Piyasa: Christoph 'ın toplam tazminatı ($USD 2.59M ) German pazarındaki benzer büyüklükteki şirketler için ortalamadır ($USD 2.19M ).
Tazminat ve Kazançlar: Christoph 'in tazminatı, şirketin son bir yıldaki performansıyla tutarlıydı.
CEO
Christoph Klenk (62 yo)
23.3yrs
Görev süresi
€2,235,000
Tazminat
Mr. Christoph Klenk has been Chief Executive Officer and Chairman of the Executive Board at Krones Ag since January 1, 2016 and has been its Member of the Executive Board since 2003. Mr. Klenk served as an...
Liderlik Ekibi
| İsim | Pozisyon | Görev süresi | Tazminat | Sahiplik |
|---|---|---|---|---|
| Chairman of Executive Board & CEO | 23.3yrs | €2.24m | Veri yok | |
| CFO & Member of Executive Board | 3.3yrs | €1.01m | Veri yok | |
| Chief Sales Officer & Member of Executive Board | 14.3yrs | €1.51m | Veri yok | |
| Member of Executive Board | 12.3yrs | €1.47m | Veri yok | |
| COO & Member of Executive Board | 11.7yrs | €1.31m | Veri yok | |
| Head of Investor Relations | no data | Veri yok | Veri yok | |
| Head of Corporate Communications | no data | Veri yok | Veri yok | |
| Head of Public Relations | no data | Veri yok | Veri yok |
12.3yrs
Ortalama Görev Süresi
57yo
Ortalama Yaş
Deneyimli Yönetim: KRN 'un yönetim ekibi deneyimli ve deneyimlidir ( 12.3 yıldır).
Yönetim Kurulu Üyeleri
| İsim | Pozisyon | Görev süresi | Tazminat | Sahiplik |
|---|---|---|---|---|
| Chairman of Supervisory Board | 9.9yrs | €108.00k | 36.83% € 1.4b | |
| Independent Member of Supervisory Board | 7.9yrs | €42.50k | Veri yok | |
| Independent Member of Supervisory Board | 14.9yrs | €44.00k | Veri yok | |
| Employee Representative Deputy Chairman of Supervisory Board | 19.3yrs | €73.00k | Veri yok | |
| Member of Supervisory Board | 3yrs | €54.00k | Veri yok | |
| Employee Representative Member of Supervisory Board | 11.9yrs | €44.00k | Veri yok | |
| Independent Member of Supervisory Board | 9.9yrs | €55.50k | Veri yok | |
| Employee Representative Member of Supervisory Board | 8.9yrs | €44.00k | Veri yok | |
| Employee Representative Member of Supervisory Board | 7.9yrs | €44.00k | Veri yok | |
| Employee Representative Member of Supervisory Board | 7.9yrs | €42.50k | Veri yok | |
| Independent Member of Supervisory Board | 7.9yrs | €59.50k | Veri yok | |
| Employee Representative Member of Supervisory Board | 5.8yrs | €55.50k | Veri yok |
8.4yrs
Ortalama Görev Süresi
58.5yo
Ortalama Yaş
Deneyimli Yönetim Kurulu: KRN 'nin yönetim kurulu üyeleri deneyimli olarak kabul edilir (ortalama görev süresi 8.4 yıldır).
Şirket Analizi ve Finansal Veri Durumu
| Veri | Son Güncelleme (UTC saati) |
|---|---|
| Şirket Analizi | 2026/05/22 02:24 |
| Gün Sonu Hisse Fiyatı | 2026/05/22 00:00 |
| Kazançlar | 2026/03/31 |
| Yıllık Kazançlar | 2025/12/31 |
Veri Kaynakları
Şirket analizimizde kullanılan veriler S&P Global Market Intelligence LLC'den alınmıştır. Bu raporu oluşturmak için analiz modelimizde aşağıdaki veriler kullanılmıştır. Veriler normalize edilmiştir, bu da kaynağın mevcut olmasından kaynaklanan bir gecikmeye neden olabilir.
| Paket | Veri | Zaman Çerçevesi | Örnek ABD Kaynağı * |
|---|---|---|---|
| Şirket Finansalları | 10 yıl |
| |
| Analist Konsensüs Tahminleri | +3 yıl |
|
|
| Piyasa Fiyatları | 30 yıl |
| |
| Sahiplik | 10 yıl |
| |
| Yönetim | 10 yıl |
| |
| Önemli Gelişmeler | 10 yıl |
|
* ABD menkul kıymetleri için örnek, ABD dışı için eşdeğer düzenleyici formlar ve kaynaklar kullanılmıştır.
Belirtilmediği sürece tüm finansal veriler yıllık bir döneme dayanmaktadır ancak üç ayda bir güncellenmektedir. Bu, İzleyen On İki Ay (TTM) veya Son On İki Ay (LTM) Verileri olarak bilinir. Daha fazla bilgi edinin.
Analiz Modeli ve Kar Tanesi
Bu raporu oluşturmak için kullanılan analiz modelinin ayrıntılarına GitHub sayfamızdan ulaşabilirsiniz, ayrıca raporlarımızı nasıl kullanacağınızı anlatan kılavuzlarımız ve Youtube'da eğitim videolarımız da bulunmaktadır.
Simply Wall St analiz modelini tasarlayan ve oluşturan dünya standartlarındaki ekip hakkında bilgi edinin.
Endüstri ve Sektör Metrikleri
Sektör ve bölüm metriklerimiz Simply Wall St tarafından her 6 saatte bir hesaplanmaktadır, sürecimizin ayrıntıları Github'da mevcuttur.
Analist Kaynakları
Krones AG 25 Bu analistlerden 9, raporumuzun girdisi olarak kullanılan gelir veya kazanç tahminlerini sunmuştur. Analistlerin gönderimleri gün boyunca güncellenmektedir.
| Analist | Kurum |
|---|---|
| Peter Rothenaicher | Baader Helvea Equity Research |
| Benjamin Thielmann | Berenberg |
| Francisco Ruiz | BNP Paribas |