Rational

Analyst updates, 29.11.

⬆️⬆️⬆️

- BOFA raises the price target for SIEMENS ENERGY from EUR 48 to EUR 52. Neutral. $ENR (+2.08%)

- GOLDMAN raises the target price for DEUTSCHE TELEKOM from EUR 37 to EUR 39. Buy. $DTE (-0.92%)

- BERENBERG raises the price target for PFIZER from USD 27 to USD 29. Hold. $PFE (+1.49%)

- JPMORGAN raises the target price for JUST EAT TAKEAWAY from GBP 14.15 to GBP 16.02. Overweight. $TKWY (+0.68%)

- WARBURG RESEARCH raises the target price for RATIONAL from EUR 800 to EUR 810. Hold. $RAA (+1.18%)

- BOFA upgrades SCHNEIDER ELECTRIC from Underperform to Neutral and raises target price from 175 EUR to 255 EUR. $SU (-0.75%)

- BOFA raises the price target for NORDEX from 17.90 EUR to 19.30 EUR. Buy. $NDX1 (+0.57%)

- BERENBERG raises the target price for ZALANDO from EUR 29.70 to EUR 38. Buy. $ZAL (-0.7%)

- WARBURG RESEARCH upgrades WACKER NEUSON from Hold to Buy. Target price EUR 17. $WAC (-0.93%)

- WARBURG RESEARCH raises the price target for ALZCHEM from EUR 75 to EUR 77.50. Buy. $ACT (-1.9%)

- ODDO BHF upgrades NORMA GROUP from Neutral to Outperform. Target price EUR 18.10. $NOEJ (-1.36%)

- BOFA raises the price target for KNORR-BREMSE from EUR 68 to EUR 70. Underperform. $KBX (+0.91%)

- BOFA upgrades ABB to Buy. $ABBNY (+0.22%)

- BOFA upgrades KION from Neutral to Buy and raises target price from EUR 39.50 to EUR 48.50. $KGX (+0.89%)

- BOFA upgrades JUNGHEINRICH from Underperform to Neutral and raises target price from EUR 24 to EUR 26. $JUN3 (-0.4%)

- BERENBERG raises the price target for GLOBAL FASHION GROUP from EUR 0.23 to EUR 0.27. Hold. $GFG (-1.47%)

- HSBC raises the price target for DEUTSCHE BÖRSE from EUR 230 to EUR 236. Buy. $DB1 (-0.38%)

⬇️⬇️⬇️

- KEPLER CHEUVREUX lowers the price target for HUGO BOSS from EUR 59 to EUR 41. Buy. $BOSS (+0.51%)

- BOFA downgrades GENERALI from Neutral to Underperform and raises target price from EUR 26 to EUR 27. $G (-0.26%)

- DEUTSCHE BANK RESEARCH lowers the price target for L'OREAL from EUR 335 to EUR 280. Sell. $OR (-0.71%)

- BOFA lowers the target price for BAE SYSTEMS from GBP 13.75 to GBP 12.40. Underperform. $BA. (-0.57%)

- BERENBERG lowers the price target for ALLGEIER from EUR 22 to EUR 19. Buy. $0RQZ

Analsyst updates, 08.11.

⬆️⬆️⬆️

- GOLDMAN upgrades BIONTECH from Neutral to Buy and raises price target from USD 90 to USD 137. $BNTX (+0.93%)

- BOFA raises target price for UNDER ARMOUR from USD 9 to USD 13. Neutral. $UAA (-0.24%)

- DEUTSCHE BANK RESEARCH raises the price target for DELIVERY HERO from EUR 29 to EUR 35. Hold. $DHE

- DEUTSCHE BANK RESEARCH raises the price target for SIEMENS from EUR 197 to EUR 200. Buy. $SIE (-0.29%)

- JEFFERIES raises the price target for HOCHTIEF from EUR 135 to EUR 138. Buy. $HOT (+0.35%)

- DEUTSCHE BANK RESEARCH raises the price target for SIEMENS HEALTHINEERS from EUR 60 to EUR 62. Buy. $SHL (-1.01%)

- DEUTSCHE BANK RESEARCH raises the price target for NORDEX from EUR 18 to EUR 19. Buy. $NDX1 (+0.57%)

- DEUTSCHE BANK RESEARCH raises the price target for RATIONAL from 832 EUR to 841 EUR. Hold. $RAA (+1.18%)

- DEUTSCHE BANK RESEARCH raises the target price for AXA from 37 EUR to 39 EUR. Buy. $CS (-0.84%)

- WARBURG RESEARCH raises the price target for BASTEI LÜBBE from EUR 11.70 to EUR 12.20. Buy. $BST (-6.37%)

- DEUTSCHE BANK RESEARCH raises the price target for ARCELORMITTAL from EUR 28 to EUR 29. Buy. $MT (-0.6%)

- DZ BANK raises the price target for SWISS RE from CHF 130 to CHF 140. Buy. $SREN (+0.04%)

- ODDO BHF raises the price target for HEIDELBERG MATERIALS from EUR 99 to EUR 110. Neutral. $HEI (-0.69%)

- KEPLER CHEUVREUX raises the price target for DAIMLER TRUCK from EUR 35 to EUR 41. Hold. $DTG (-0.16%)

- KEPLER CHEUVREUX upgrades REDCARE PHARMACY from Reduce to Hold. $RDC (+1.71%)

- ODDO BHF raises the price target for HENKEL from EUR 67 to EUR 73. Neutral. $HEN (+0.54%)

- ODDO BHF raises the price target for FREENET from EUR 27 to EUR 28. Neutral. $FNTN (-1.23%)

- BARCLAYS raises the target price for ABOUT YOU from EUR 3.10 to EUR 3.40. Underweight. $YOU (+0.31%)

- BARCLAYS raises the target price for NEMETSCHEK from EUR 108 to EUR 125. Overweight. $NEM (+1.42%)

⬇️⬇️⬇️

- BOFA lowers the price target for PINTEREST from USD 45 to USD 39. Buy. $PINS

- WARBURG RESEARCH lowers the price target for DAIMLER TRUCK from EUR 56 to EUR 55. Buy. $DTG (-0.16%)

- UBS lowers the price target for JCDECAUX from EUR 21.60 to EUR 18.50. Neutral. $DEC (-0.44%)

- WARBURG RESEARCH lowers the price target for ADTRAN HOLDING from EUR 9.70 to EUR 9.30. Buy. $ADTN (-3.05%)

- ODDO BHF lowers the price target for NORDEX from EUR 18 to EUR 17. Outperform. $NDX1 (+0.57%)

- BARCLAYS lowers the target price for VESTAS from DKK 99 to DKK 80. Underweight. $VWS (-2.71%)

- KEPLER CHEUVREUX lowers the price target for FRAPORT from EUR 62 to EUR 59. Buy. $FRA (+5.53%)

- BARCLAYS lowers the target price for GSK from GBP 15.50 to GBP 14.50. Equal-Weight. $GSK

- BERENBERG lowers the price target for COMPUGROUP from EUR 23 to EUR 21. Buy. $COP (+0.05%)

- BERENBERG lowers the price target for JUNGHEINRICH from EUR 41 to EUR 39. Buy. $JUN3 (-0.4%)

- JEFFERIES lowers the target price for SUSS MICROTEC from EUR 87 to EUR 75. Buy. $SMHN (+0.76%)

Summary Earnings, 07.11.

$MUV2 (-1.1%)
| Munich Re Q3 24 Earnings

EPS EU7.02 (est EU6.67)

Sees FY Insurance Rev. About EU61B, Saw About EU59B

Sees FY Profit Above EU5B, Saw EU5B

$RHM (-0.78%) | Rheinmetall AG Q3 24 Earnings

Sales EU2.45B (est EU2.42B)

Still Sees FY Sales About EU10B (est EU9.99B)

Sees FY Operating Margin At Upper End Of Guidance

Nissan Motor Q2 2024 Earnings $7201 (-1.58%)

Q2 Operating Income 31.91B Yen (est 65.25B Yen)

Q2 Net Loss 9.34B Yen (est Profit 49.07B Yen)

Sees FY Oper Income 150.00B Yen, Saw 500.00B Yen

To Cut 9,000 Jobs Globally

To Reduce Global Production Capacity By 20%

To Sell Back Up To 10.02% Of Mitsubishi Motors Shares

Air France KLM Q3 24 Earnings $AF

EBITDA EU1.90B (est EU1.9B)

Rev EU8.98B (est EU8.88B)

Net Income EU780M (est EU874.3M)

Sees FY Capex EU3B, Saw Below EU3B

$TEF (-1.07%) | Telefonica Q3 24 Earnings

REV. EU10.02B (est EU10B)

Adj. EBITDA EU3.26B (est EU3.26B)

Net Income EU10M (est EU357M)

To Book €314 Million Non-Cash Impairment For Peru

ArcelorMittal Q3 24 Earnings: $MT (-0.6%)

- Sales $15.20B (est $15.23B)

- EBITDA $1.58B (est $1.47B)

- Still Sees FY CAPEX $4.5B To $5.0B

- Markets Conditions Are 'Unsustainable'

- Positive On Medium/Long Term Outlook

Daimler Truck Holdings Q3 24 Earnings: $DTG (-0.16%)

- Rev EU13.14B (est EU12.98B)

- Adj EBIT EU1.19B (est EU1.13B)

- Still Sees FY Rev EU53B To EU55B (est EU53.45B)

Adyen disappoints with lower than expected sales growth and loses 13% on the stock market. $ADYEN (-0.21%)

Lanxess-shares rise by 4.4% to 26.80 euros after a positive quarterly report, having previously fallen by 13%. The operating margin exceeds expectations, although prices weaken. $LXS (-0.26%)

National Grid increased its adjusted operating profit by 14% to 2 billion pounds in the first half of the financial year and expects an increase of around 10% for the year as a whole. Higher fees in New York and higher revenues in the UK are supporting growth. $NG. (+0.44%)

AMS-Osram increased its profitability in the third quarter despite a decline in sales, but expects business development to be subdued in the fourth quarter and early 2025. To ensure profitability, the company plans further cost reductions of 225 million euros by the end of 2026. $AMS

Suess Microtec is more optimistic after a strong third quarter and now expects to achieve its annual targets in the upper half of the forecast range. Sales are expected to reach 380 to 410 million euros, with an EBIT margin of 14 to 16 percent. $SMHN (+0.76%)

The investment company Mutares slips into the red operationally in the third quarter with an adjusted EBITDA loss of EUR 16.5 million. However, sales increased by 14% to 3.9 billion euros. $MUX (-2.14%)

Delivery Hero expects a free cash flow of EUR 50 to 100 million for 2024 and anticipates GMV growth at the upper end of the forecast of 7 to 9 percent. However, the Group expects adjusted EBITDA to be at the lower end of the range of EUR 725 to 775 million. $DHE

Deutz recorded an 80% drop in profits to EUR 7.2 million in the third quarter and slipped into the red with a bottom line of EUR 2 million. Turnover falls by 14.9% to 430.4 million euros due to a slump in demand. $DEZ (-1.18%)

Compugroup Medical records a decline in EBITDA in the third quarter

EBITDA fell by 12% to 54.9 million euros in the third quarter, but slightly exceeded

analysts' expectations slightly. Turnover falls by 1% to 283.4 million euros

euros, and the company confirms its reduced forecast for 2024. $COP (+0.05%)

Alzchem reports a jump in profits for the first nine months with

a 36% increase in EBITDA to EUR 76.8 million and increases the EBITDA margin to

EBITDA margin to 18.5 %. The Group is sticking to its profit target for 2024

but is aiming for the lower end of the sales forecast due to the discontinuation of low-margin

the lower end of the sales forecast. $ACT (-1.9%)

Nordex is raising its forecast for the EBITDA margin for 2024 and

now expects it to be closer to the upper end of the range of three to four

percent. In the first nine months of the year, the company recorded

an increase in revenue of 14 percent to EUR 5.1 billion and an improved

improved EBITDA margin of 3.7 percent. $NDX1 (+0.57%)

Nemetschek recorded an increase in revenue in the third quarter thanks to the

thanks to the GoCanvas acquisition, Nemetschek recorded a 15.1% increase in revenues to 253 million euros,

however, earnings remained slightly below expectations. The

The operating costs of the acquisition put pressure on profits, so that EBITDA

increases by 6.7 %. $NEM (+1.42%)

Rational increases earnings before interest and taxes in the third quarter

taxes by 18% to just under 78 million euros, exceeding analysts'

analysts' expectations, while sales revenues grew by 8% to 294 million

euros. The company confirms its forecast for the year. $RAA (+1.18%)

Out of the eaves and into the rain

My life story

A memorial?

I often read here about extraordinary life stories and paths to financial independence. I am also very impressed by the many young people who are active here and already have their lives fully under control, planning, saving and, for the most part, investing successfully.

It's all different for me and I alone am responsible for that. It is always said that clever people learn from mistakes, the more intelligent learn from the mistakes of others and madness is doing the same thing over and over again and expecting different results. So not only did I make mistakes, but I also learned nothing from them and kept repeating them.

Where should I start? Today I am 35 years old. I've been investing in shares and ETFs for a year and have since built up a fortune of €20,000 and am debt-free, which wasn't always the case.

It all started in my hometown of Hanover, where I spent the first 13 years of my life with my mother and started "working" at an early age. I collected returnable bottles and scrap metal and handed out newspapers. Did I save this money? No, I bought myself sweets, licorice, kebabs and once a Sony CD Walkmen.

When I was 13, my mother was persuaded by her parents to emigrate back to her home country. And so I came to Sicily, where I spent the next 5-6 years of my life. In Sicily, I started waiting tables in restaurants at the weekend and earned €25-30 per evening. Contrary to what you might think, things not only continued seamlessly for me at school, but also went pretty well. However, little by little, I took actions that would, in retrospect, block my own path. In short, I dropped out of school without any qualifications and was already working full-time as a waiter at 16. At some point when I was 17 or 18, I even worked in a five-star Kempinski hotel for €1000 a month, but as I had never learned how to handle money, I spent everything I earned on consumption, fun and pleasure. Between 16 and 17, I started to think about what to do next and considered joining the military. But finally, at the age of 18, I left Sicily for South Tyrol on my own, where I began a new chapter in my life.

For the first few years, I worked in a nice hotel on Waltherplatz and, in addition to my salary and tips, I even had food and accommodation included. Did I save money? No, in hindsight you could say that the more I earned, the more I needed to live on and so I squandered my €1,300 salary plus tips every month. I got my driver's license, bought a small, expensive annual car with financing and spent what was left over on consumption. I was never really satisfied as a waiter and always thought I was destined for more, and at some point what I had expected happened. An elegant young man in his late 30s approached me and asked if I would like to join his company as a salesman. The company in question was Wenatex. They sell mattresses and bed linen at overpriced prices at so-called parties at private homes. Suddenly I was earning €3-6,000 a month, but I was also driving 10-15,000 km a month and therefore had to invest a lot in the car, tolls, taxes and no longer had a company apartment. And in the end, I wasn't successful in the long term and had to leave Wenatex after less than a year. I wanted to keep trying in sales and worked for a few months at a company that sells office supplies, where I also had good success in the first few weeks and months but couldn't keep it up and had to realign myself after a few months, which is how I ended up at Rational $RAA (+1.18%) . It was believed that I was perfectly suited to selling this kitchen machine due to my gastronomy and "sales experience", but here too I was unable to show any long-term success. And although I had a relatively good basic salary of I think €1500 plus commission plus company car with fuel card at the time, I hadn't managed to save anything, of course, but had an overdrawn account.

In the meantime it was 2012 or 13, i.e. I was 23-24 years old and unemployed again. No money set aside, bank account overdrawn, a small, cheap one-room apartment to rent in the center of Bolzano and a beautiful BMW E46 323CI. But I had no plan for what to do next. But somehow I had this crazy idea that I wanted to go to Switzerland, the promised land. And here I definitely had more luck than sense. I found a German company that had just gained a foothold in Switzerland and was looking for sales staff. I got a permanent contract there, which immediately gave me a good residence permit, and found a very cheap apartment. Unfortunately, it turned out that this company was very dubious and had already been the subject of lawsuits. It came as it had to. I tried again with a similar company and then took the step back into the catering industry. This brought some peace and certainty into my life, but also dissatisfaction. I couldn't and didn't want to imagine spending my whole life as a waiter.

Through my work in the catering industry, I then saw tour groups traveling in coaches all over Europe for the first time at close quarters in Switzerland and thought to myself what a great job it was to travel and get paid for it, so I found out in which German-speaking country it was cheapest and quickest to get a coach driving license and, contrary to expectations, it turned out to be Austria. How lucky I was that my girlfriend at the time was Austrian and was very unhappy in Switzerland.

And so, in 2015, at the age of 26, a new chapter in my life began. We moved to her home town of Linz, where I still live today, albeit single. I got my bus driver's license and soon found a good job as a coach driver. My salary in Austria is now around €2500-3000 per month x 14 and, in addition to my salary, I have two other important sources of income: tips and selling drinks. Depending on the month, that adds up to between €500 and €2000 that I regularly pay in taxes.

But did I learn anything from all that before? No, I got into consumer debt and regularly overdrawn my account. Am I happy in the privileged position I have today? No. I keep mourning Switzerland and wondering whether I shouldn't go back. However, I wouldn't earn significantly more as a coach driver in Switzerland and would have a higher cost of living. It could still pay off, but I'm afraid. It wasn't like that before. Maybe it's because I'm getting older.

Now, in 2024, I have actually gradually paid off my debts, canceled my credit cards and am investing. I now live very modestly, no longer afford any luxuries and invest everything that's left over. I still haven't built up a nest egg and I still overdraw my account from time to time.

Thank you for reading

06.08.2024 + Worse averted, Nikkei 225 recovers strongly + Fraport expects fewer passengers as problems at Boeing and Airbus put the brakes on + Zalando posts jump in profits + Rational grows more strongly than expected

After the recent sell-off in the DAX showed signs of stabilizing on Tuesday. Broker IG valued the leading German index 0.78% higher at 17,475 points a good two hours before the Xetra start.

Very weak global stock markets in the face of recession worries in the USA had not spared the

the Dax on Monday, but the round mark of 17,000 points had held.

held. The index could now recapture the 200-day line, which is a key indicator of the longer-term trend.

the index could now recapture it, which currently stands at 17,412 points.

In Japan, the leading index Nikkei-225 was on course for recovery on Tuesday. It gained nine percent around an hour before the end of trading there. There were also signs of improvement in the USA on Tuesday after a very weak start to the week.

The online retailer Zalando
$ZAL (-0.7%) continues to benefit from its efficiency measures. Thanks to good inventory management and lower logistics costs, earnings before interest and taxes (EBIT) adjusted for special effects climbed by almost a fifth to 171.6 million euros in the second quarter, as the DAX-listed company announced in Berlin on Tuesday. At the bottom line, profit jumped by almost 70 percent to 95.7 million euros compared to the same period last year. The company confirmed its annual targets. Zalando emphasized that demand had increased strongly, especially in the sports, designer and beauty sectors. The gross merchandise value for the three months to the end of June rose by 2.8 percent to 3.8 billion euros. Sales increased by 3.4 percent to around 2.6 billion euros.

The commercial kitchen equipment supplier Rational
$RAA (+1.18%) benefited from high demand in Asia in the first half of the year. Compared to the previous year, sales increased by four percent to 581 million euros, as the MDax-listed company announced in Landsberg on Tuesday. Sales in the second quarter increased by six percent to a record figure of just under 295 million euros. Earnings before interest and taxes (EBIT) increased by ten percent to 149 million euros in the first half of the year. Rational slightly exceeded the expectations of experts surveyed by Bloomberg in terms of both sales revenue and profit. The forecast for the current year was also confirmed.

The Frankfurt airport operator Fraport
$FRA (+5.53%) is feeling the effects of the problems at Boeing. Due to delivery bottlenecks for aircraft for its main customer Lufthansa, fewer passengers will be handled in Frankfurt this year than previously hoped for, as Fraport announced in Frankfurt on Tuesday. The Executive Board now expects only the lower half of the previously announced range of 61 to 65 million passengers at Germany's largest airport. Another reason is further maintenance intervals for the Airbus 320 . Meanwhile, Fraport performed better than analysts had expected in the second quarter. In the three months to the end of June, revenue rose by almost 11 percent to around 1.15 billion euros. Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to just under 355 million euros. Fraport reported a Group result of around 148 million euros and the bottom line profit amounted to 134 million euros. A year earlier, this had amounted to 102 million euros. The management headed by Stefan Schulte confirmed the forecasts for the operating profit. The US aircraft manufacturer Boeing is no longer allowed to ramp up production of its medium-haul jets due to quality defects. And hundreds of Airbus planes will have to stay on the ground longer because engine manufacturer Pratt & Whitney has ordered their turbines back to the workshops ahead of schedule.

Economic data

• 08:00 DE: New orders June seasonally adjusted FORECAST: +0.5% yoy previous: -1.6% yoy
• 11:00 EU: Retail Sales June Eurozone PROGNOSE: +0.2% yoy previous: +0.1% yoy
• 14:30 US: Trade Balance June FORECAST: -72.50 bn USD previously: -75.07 bn USD

Quarterly figures / company dates USA / Asia

12:30 Caterpillar quarterly figures

13:00 Uber quarterly figures

22:01 Amgen quarterly figures

22:05 Airbnb quarterly figures

Untimed: The Mosaic quarterly figures

Quarterly figures / Company dates Europe

07:00 Carl Zeiss Meditec | Fraport | Rational Quarterly figures

07:00 Zalando | Adecco Quarterly figures

07:30 Bayer | Manz half-year figures

08:00 Schaeffler | Banca Monte dei Paschi Quarterly figures

08:00 Cherry | New Work quarterly figures

09:30 Zalando Analyst Conference

14:00 Bayer | Fraport Analyst Conference

15:00 Rational Analyst Conference

A voice against McDonald's $MCD (-0.31%)
(+ my alternatives for you)

I wanted to give a brief assessment of the fast food giant and also present some alternatives. I'm surprised that many private investors have been investing so heavily in the golden M recently. In other words, I'm not really surprised. The share has fallen over the year and when a share falls, it becomes cheaper. Isn't that right?

Well, I don't actually think that McD is cheap enough to see a clear buying opportunity here. The price may be quite fair, but I wouldn't recognize an undervaluation. But first of all, one thing that I think is good: I actually think McD is very good if you want to invest in real estate. At this point I say "Ok, before you go into some weird REIT then take McD all right"

Otherwise, however, I'm too skeptical when it comes to restaurants to get in at a P/E ratio of over 20. I'm not alone in this at the moment and that's exactly why the share price has fallen. The point is simply that gastronomy is cyclical. And, as I never tire of emphasizing, consumers now have increasingly empty pockets, which is considerably dampening their mood and ability to spend. In this respect, many gastronomy stocks such as $MCD (-0.31%) and especially $SBUX (-1.55%) possibly go even further downhill. Those who are keen to get in could therefore wait.

So as not to make this too long, I won't explain again why I have a few doubts about the future growth of Mecces in particular, even without the current sector effect. If you are interested, I will be happy to come back to this elsewhere. Instead, here are 3 alternatives that I currently consider to be better (not investment advice):

1) Coca Cola $KO (-0.4%) - I hope I don't have to explain where I get the connection from. But I actually think it's better at the moment. Of course there is a lot of gastro in the share, but it is not quite as vulnerable. You also get roughly the same amount of dividend for your money and essentially just an even more robust share. When I look at them side by side, they both look very similar, but I can't think of any reasons not to bet on CC, given McDonalds' current not-so-cheap price.

2) Rational AG $RAA (+1.18%) - is actually the ETF for system catering because it manufactures the appliances for such kitchens. As a result, it is also well diversified and has stronger growth. But it is also valued a little higher. I was also invested there for a long time, but it has exactly the same problem as the restaurant industry itself - it is also quite cyclical.

3) Edwards Lifesciences $EW (+0.43%) - Well, you didn't expect that, did you? But the Edwards share is now hardly valued higher than the McDonalds share and offers a great way to profit from the restaurant to the golden M if you think outside the box. I think the medical technology manufacturer specializing in cardiology is virtually predestined to supply MC customers as patients. So instead of investing in what makes people ill, you could also invest in what makes people well again. Unfortunately, there is no dividend for this.

You're all fans of dividends and growth, aren't you? Yes, both are possible! Then I'll try to be a finfluencer and briefly introduce you to one of my biggest positions and quickly copy and paste something together here.

It's about $RAA (+1.18%) Rational. Not only the name is cool, but also the products, the margins and the growth. Oh yes, the dividend.

I like to describe the products as the Themomix for gastronomy, just a bit more expensive. They really make sense for gastronomy because they take up less space and use less energy. After the working day, simply put the cleaning rod in and the next day the thing is crispy clean again.

Dividends were cut during the pandemic, but now things are slowly looking up again:

According to the current status as of January 2024, Rational paid dividends totaling EUR 13.50 per share within the last 12 months, of which EUR 2.50 was paid as a special dividend.At the current share price of EUR 720.00, this corresponds to a dividend yield of 1.88%.

Corona has of course hit Rational's customers hard and consequently the company too, which was really sad, but yesterday they released preliminary figures and things are looking good again:

Operating profit rose by 17 percent to around 277 million euros in 2023, the company announced on Thursday. At around 24.5 percent, the profit margin was higher than expected. Price increases also played a role in this. Turnover climbed by ten percent to around 1.125 billion euros.

As always, the valuation is quite sporty, but the company is also one of the best in Germany. ROE 27% ROA 20% etc.

Who has the share and who hasn't heard of it? Incidentally, it is listed on the Mdax at 7 billion Mcap.

$RAA (+1.18%)

q3

sales 272.3 million

EPS € 4.60

Quarterly figures on 03.11.2022...

Feel free to leave a follow, because...⤵️

...at 5,000 followers there will be together with getquin, a small thank you for the community. But this post could already be created tomorrow. I look forward to it! On to today's quarterly numbers. In this post that I post every morning, I had announced what was happening today:

https://app.getquin.com/activity/ydggsOLkpb?lang=de&utm_source=sharing

$SBUX (-1.55%)
Starbucks:

Beat analyst estimates of $0.73 in the fourth quarter with earnings per share of $0.81. Revenue of $8.4 billion beat expectations of $8.33 billion.

$PYPL (-0.38%)
PayPal:

Beats analyst estimates of $0.96 in the third quarter with earnings per share of $1.08. Revenue of $6.85 billion beats expectations of $6.82 billion.

$DBX (+1.99%)
Dropbox:

Beat analyst estimates of $0.38 in the third quarter with earnings per share of $0.43. Revenue of $591 million exceeded expectations of $586.15 million.

$DASH (+1.33%)
DoorDash:

Missed analyst estimates of -$0.55 in the third quarter with earnings per share of -$0.77. Revenue of $1.7 billion exceeded expectations of $1.62 billion.

$GPRO (-1.87%)
GoPro:

Beat analyst estimates of $0.17 in the third quarter with earnings per share of $0.19. Revenue of $305 million exceeded expectations of $298.85 million.

$MSI (+0.44%)
Motorola Solutions:

Beats third-quarter analyst estimates of $2.88 with earnings per share of $3.00. Revenue of $2.37 billion beats expectations of $2.31 billion.

$HOT (+0.35%)
Hochtief:

Reached sales of 7.18 billion euros in the third quarter, up from 5.32 billion a year earlier, and earned 115 million euros on the bottom line, up from 99.8 million a year earlier. Order intake on a comparable basis was 6.5 billion (prior year 7.5 billion).

$K (-0.77%)
Kellogg Co:

Surpassed analysts' estimates of $0.97 in the third quarter with earnings per share of $1.01. Sales of $3.95 billion exceeded expectations of $3.77 billion.

$RCL (+2.69%)
Royal Caribbean Cruises Ltd:

Beat analyst estimates of $0.19 in the third quarter with earnings per share of $0.26. Revenue of $3 billion exceeded expectations of $2.99 billion.

$UAA (-0.24%)
Under Armour Inc:

Second-quarter earnings per share of $0.20 beat analyst estimates of $0.10. Revenue of $1.57 billion exceeded expectations of $1.42 billion.

$W (+3.2%)
Wayfair Inc:

Missed analyst estimates of -$2.05 in the third quarter with earnings per share of -$2.11. Revenue of $2.8 billion below expectations of $2.82 billion.

$PTON (+0.79%)
Peloton Interactive Inc:

Missed analyst estimates of -$0.64 with first-quarter earnings per share of -$1.20. Revenue of $616.5 million below expectations of $637.07 million.

$DDOG (+1.55%)
Datadog Inc:

Third-quarter earnings per share of $0.23 beat analyst estimates of $0.16. Revenue of $437 million exceeded expectations of $415.07 million.

$MRNA (-1.12%)
Moderna Inc:

Missed analyst estimates of $4.81 in the third quarter with earnings per share of $2.53. Revenue of $3.36 billion below expectations of $4.63 billion.

$CROX (+5.21%)
Crocs Inc:

Missed analyst estimates of $2.62 in the third quarter with earnings per share of $2.50. Revenue of $985.1 million exceeded expectations of $942.52 million.

$IRM (+3.63%)
Iron Mountain Inc:

Third-quarter earnings per share of $0.48 beat analyst estimates of $0.44. Sales of $1.29 billion below expectations of $1.31 billion.

$SBS (+2.83%)
STRATEC:

Posts Q1-3 sales of €207.7 million (preliminary: €207.7 million), adjusted EBIT margin of 18.3% (preliminary: 18.3%), and net income (adjusted) of €29.5 million (PY: €40.6 million). Outlook confirmed.

$BOSS (+0.51%)
HUGO BOSS:

Achieves Q3 sales of €933 million (PY: €755, analyst forecast: €903.4 million), EBIT of €92 million (PY: €85 million, forecast: €88.1 million) and net income of €58 million (PY: €53 million, forecast: €56.6 million). In the outlook for 2022, the company now expects sales of €3.5 to €3.6 billion (previous: €3.3 to €3.5 billion) and EBIT of €310 to €330 million (previous: €285 to €310 million).

$SGL (-1.08%)
SGL CARBON:

Achieves Q1-3 sales of €853.9 million (previous year: €743.5 million), Ebitda (adjusted) of €136.1 million (previous year: €108.5 million) and net income after minorities of €70.6 million (previous year: €42.6 million). Forecast confirmed.

$PFV (-0.39%)
Pfeiffer Vacuum:

Achieves Q1-3 order intake of €866.5 million (preliminary: €866.5 million), sales of €668.7 million (preliminary: €668.7 million), EBIT of €94 million (preliminary: €94 million) and net income of €66.6 million (PY: €52.1 million). October 17 forecast for revenue and Ebit margin confirmed.

$HNR1 (-0.97%)
Hannover Re:

Achieves 3. Gross premiums written of €8.91 billion (PY: €7.15 billion, analyst forecast: €8.02 billion), combined ratio of 99.6% (PY: 101.5%, forecast: 99.6%), investment result of €400.3 million (PY: €491.1 million), an Ebit of €408.9 million (PY: €324.5 million, forecast: €399 million) and a net profit of €221.9 million (PY: €185.4 million, forecast: €311 million). In the outlook for 2022, the company sees net income in the lower range of €1.4 billion to €1.5 billion, profit target for 2022 remains achievable.

$UN01
Uniper:

Achieves 1st to 3rd. Quarter net result of -€40 billion (PY: -€4.8 billion), net loss includes €10 billion realized costs for replacement volumes; economic net debt at €10.91 billion (PY: €0.324 billion), net loss includes €31 billion expected losses and provisions; adjusted net loss of -€3.22 billion (preliminary: -€3.2 billion, prior year: +€0.487 billion), adjusted EBIT of -€4.75 billion (preliminary: -€4.8 billion, prior year: +€0.614 billion). Concrete earnings forecast currently impossible for the time being.

$O2D (-0.24%)
Telefonica Germany:

Achieves Q3 sales of €2.085 billion (PY: €1.967 billion, analyst forecast: €2.030 billion), service sales of €1.47 billion (PY: €1.42 billion), adjusted OIBDA of €642 million (PY: €613 million, forecast: €640.5 million). In the outlook for 2022, sales and OIBDA are now expected to be in the "lower mid-single-digit percentage range" compared to the previous year (previously: in the "low mid-single-digit percentage range").

$BMW (+0.87%)
BMW:

Reports Q3 sales of €37.18 billion (PY: €27.47 billion, analysts' forecast: €35.53 billion), EBIT of €3.68 billion (PY: €2.88 billion, forecast: €3.5 billion), EBT of €4.1 billion (PY: €3.42 billion) and net income of €3.18 billion (PY: €2.58 billion). Outlook confirmed.

$ZAL (-0.7%)
Zalando:

Achieves Q3 revenues of €2.34 billion (PY: €2.28 billion), Ebit (adjusted) of €13.5 million (PY: €9.8 million) and net result of -€35.4 million (PY: -€8.4 million); number of active customers grows by 8% and exceeds 50 million for the first time. Outlook confirmed.

$COP (+0.05%)
CompuGroup:

Posts Q1-3 revenue of €802 million (preliminary: €802 million), Ebitda of €166 million (preliminary: €166 million) and net income of €59.8 million (PY: 56.6 million). Outlook confirmed.

$RAA (+1.18%)
RATIONAL:

Achieves Q3 sales of €274.2 million (PY: €207 million, analyst forecast: €270 million), Ebit of €70.3 million (PY: €49.7 million, forecast: €64.4 million), Ebit margin of 25.6% (PY: 24.0%) and net income of €53.8 million (PY: €37.8 million). Forecast confirmed.

$KCO (+0.95%)
Klöckner & Co:

Achieves 3rd quarter sales of €2.37 billion (PY: €2.0 billion), Ebitda (adjusted) of €16 million (PY: €277 million) and net result of -€22 million (PY: +€185 million). Outlook confirmed.

#quartalszahlen
#boerse
#börse
#aktien
#paypal
#starbucks
#sandp500
#communityfeedback
#community