First tranche - 1-2 further additional purchases are planned in order to reach a position size of € 2,500 - 3,000.

Further considerations for entries are $ALSTI (+3,78 %) and$UMI (+4,06 %) .

LG and a good start to the week

John

$LHX (+0,74 %)
$THEON (+7,31 %)
$EXENS (+5,34 %)

Combat operations at night have changed dramatically over the last two decades. Faced with increasingly sophisticated adversaries, or adversaries at eye level, today's soldiers need the right tools to be successful and superior in a wide variety of missions - in changing conditions, from fog to clear moonlight, in dense vegetation or in brightly lit urban areas.

Night vision systems with advanced image intensifier tube technology provide enhanced visibility in low light conditions, allowing troops to detect and engage targets before they are detected. Night vision technology has also developed significantly in recent years. It offers improved image quality, higher sensitivity and overall increased performance to meet the new challenges on the battlefield. The latest innovation is night vision monoculars or goggles with integrated image stabilization, fusion capabilities and AR (augmented reality).

"The performance of a night vision system depends largely on the type and quality of image intensifier tube technology used," says Sven Rowley, Account Management Director Western Europe at L3Harris Technologies. "The challenge for defence organizations today is that there are few meaningful industry-wide test standards that objectively compare tubes and provide quantitative data on key characteristics."

A history of innovation

Image intensifier tube technology originated before World War II, but the first generation (Gen I) was not developed until the 1960s. Since then, technological improvements have led to the introduction of several generations of image intensifier tubes based on US military definitions. The Gen II tubes came onto the market in the late 1970s and expanded the range of applications with improved photocathodes and the introduction of microchannel plates. This increased the resolution and service life of the tubes. The Gen III tubes, which are now widely used in Western armed forces for tactical operations due to their higher sensitivity, introduced a gallium arsenide photocathode and an ion barrier for the microchannel plates in the 1980s, again significantly increasing resolution, brightness and lifetime.

"As a trusted innovator in the defense industry, L3Harris Technologies goes a step beyond the competition to deliver an uncoated Gen III tube that provides exceptional resolution and longer lifetime, even in low light," said Jon Burnsed, Senior Systems Engineering Scientist at L3Harris. "The elimination of the ion barrier and the integration of automatic light control to adapt to bright light conditions enable more sophisticated tactical mission systems." As there is no military specification for a designation such as "Gen IV" or even "Gen V", such a tube generation does not currently exist, added Sven Rowley.

Gen III tubes are still the standard. One change concerns the general color change from green phosphor to white phosphor. The only exception is for military pilots, who still require green phosphor. As Gen III remains the standard, the main differences are in the life of the tubes and the Figure of Merit (FOM). This important performance indicator is calculated by multiplying the signal-to-noise ratio (SNR) of an image intensifier tube by its center resolution (lines per millimeter). A higher FOM value means higher image sharpness, better performance in low light and a greater target detection range. Today, the FOM value can be well above 3,000, but this comes at a price. Although the standard for cross-cutting forces in the West is 2,200, special operations forces use FOM values between 2,400 and 2,600, with the exception of the US armed forces and the so-called Five Eyes (FVEY), an intelligence alliance consisting of Australia, Canada, New Zealand, the United Kingdom and the United States. All of these can acquire higher FOM tubes.

There are several factors that clearly set Gen III tubes - especially uncoated Gen III tubes - apart from other options on the market. For example, the gallium arsenide photocathode significantly improves low-light sensitivity and provides the higher gain required for covert operations in total darkness without active illumination.

The advantage of uncoated tubes starts with the microchannel plate. Eliminating the input ion barrier film significantly increases durability, reduces the risk of impact damage and reduces halo size. This, combined with the more powerful Gen III photocathode and ultra-fine microchannel plate, results in a higher signal-to-noise ratio and therefore clearer and more detailed images. Many factors contribute to the longer life of Gen III night vision devices, starting with the ion barrier film. L3Harris' advanced technology completely eliminates this problem while extending the life of the tubes by years. Other factors in the extended operating life include thermal management, automatic gate control and advanced manufacturing techniques.

"Only L3Harris Gen III tubes - engineered to the highest standards and manufactured under the most rigorous industry conditions - provide the decisive tactical advantage in the darkest environments," said Rowley. "They have proven reliable over 20,000 hours of operation, especially in the often mixed-light urban environments that frequently define today's battlefield."

L3Harris introduces new NOVA night vision goggles

The NOVA night vision goggles from L3Harris Technologies celebrated its world premiere at the Shot Show 2025 in Las Vegas and now its European premiere at Enforce Tac 2026. For the US armed forces at least, it is set to become the new "all-purpose night vision goggles" of the future for every soldier. According to L3Harris, it also marks the beginning of a new era in night vision technology.

"We are meeting the needs of the U.S. Army, armed forces worldwide and security agencies by developing a system that provides critical night vision capabilities at scale," said Brenna Baker, president of Integrated Vision Solutions at L3Harris. "The Nova is the night vision system that this generation of soldiers will think of when someone says 'night vision'." The goal: to equip every soldier in the West with night vision goggles to rule the night. Nowadays, combat and frontline units equip themselves with state-of-the-art night vision goggles for their missions. With the Nova, L3Harris now wants to offer the rest of the armed forces a suitable solution. Also because Ukraine has shown how important superior night vision devices are. "The Army wanted a future-proof system, and these goggles fulfill that requirement," said Matt Lufkin, Head of Product Management at L3Harris. "The design of the Nova system, based on the integrated image intensifier tube, is the future of night vision for us."

The Nova system is the commercial version of the Binocular Night Observation Device (BiNOD) developed by L3Harris for the U.S. Army, Lufkin said. Development of the device began in 2021 with a focus on the Army's key criteria for replacing the aging PVS-14: a cost-effective binocular night vision goggle that can be used universally and in a consistent configuration. Although L3Harris' latest night vision goggle targets a price point that allows land forces to procure the Nova system in bulk, it still offers the features customers expect. One of the biggest lifecycle cost savings comes from the ease of maintenance and reduced downtime of the goggles. For example, if an image intensifier tube needs to be replaced, thanks to the new USB-C interface, all it takes is four screws to replace the damaged components and get the system up and running again.

L3Harris continues to believe that the Enhanced Night Vision Goggles (ENVG-B) and Binocular Night Vision Devices (BNVD) - with improved threat detection, longer battery life and optimized immersion - will be the preferred night vision systems for frontline combat units and special forces in the foreseeable future. Nova is the cross-cutting solution for the rest of the armed forces, also known as the "Green Army" in the US.

"The first to benefit from a Nova system will be soldiers, border patrol agents and tactical forces who previously did not have high-quality night vision equipment," said Lufkin. "Nova night vision goggles are inexpensive to purchase and operate. They provide these units with more military capabilities than before." The goggles use 3rd generation 18-millimeter white phosphor tubes manufactured in-house by L3Harris. The Nova weighs 542 grams and can be operated with AA batteries. With lithium-ion rechargeable batteries, the operating time is up to 30 hours or more. Other features include adjustable diopters for both tubes, an infrared illuminator for close range, high gain settings and automatic shut-off when a monocle or eyeglasses are folded away. L3Harris is currently developing a technical roadmap for future versions of the Nova product line, including an improved version with a partial head-up display, integrated rechargeable battery and increased water resistance (IP68).

Fusion goggles become the new standard for special forces

The night vision and thermal imaging technology of the BNVD-Fused (BNVD-F) offers advanced features and state-of-the-art capabilities to target and neutralize threats in adverse conditions day and night. Combined with L3Harris' Smart Batterypack, this helmet-mounted system delivers critical information from the battlefield directly to the user's eye.

BNVD-Fused is the most advanced situational awareness goggle on the market. The combination of white phosphor and thermal imaging technology enables responders to detect, engage and neutralize threats faster, according to L3Harris.

BNVD-Fused utilizes image intensification technology in combination with thermal imaging to enhance the performance of both sensors. This provides operators with enhanced capabilities, a wider field of view and greater thermal range - significant improvements over previous models. Operators now benefit from improved situational awareness for target acquisition and identification in all battlefield and lighting conditions. They can superimpose the image of the weapon sight on the goggles and shoot around corners, reducing the risk of camouflage - speeding up operations while increasing soldier safety. BNVD-Fused is based on the combat-proven L3Harris FGE and BNVD/PVS-31A and responds to near-infrared targeting lasers. This solution is compatible with the L3Harris Smart Battery Pack, which offers advanced features such as wireless communication and augmented reality (AR).

Digital battlefield integration with CMNDO

A particularly innovative element is the CMNDO module (Compact Multi-Node Display Overlay), which is attached to the back of the helmet underneath the standard Smart Battery Pack. It adds an augmented reality interface to the BNVD-Fused system.

The module offers the soldier

• Colored overlay in the field of view with a resolution of 640 × 480 pixels
• Live video streaming function, for example from a tactical drone
• Display of points of interest (POIs), images, videos and live streams directly in the night vision goggles
• Connection to the soldier system and integration into the radio network via encrypted ultra-wideband

Even without the CMNDO module, the BNVD-F in combination with the Smart Battery Pack offers a wide range of basic digital functions such as GPS, digital compass, time and altitude display. By adding the CMNDO module, points of interest (POIs), images, videos or even live streams can be displayed in the night vision goggles and information from the soldier system can be integrated. With this solution, L3Harris currently offers the most modern and comprehensive night vision system on the market - with the highest image quality and full operational capability. Thanks to its modular expandability, a decision can be made depending on the mission profile as to whether augmented reality is required or not - enabling flexibility and cost savings when deploying troops.

The CMNDO is currently being tested in several NATO countries. It delivers real-time information directly into the field of view - wirelessly, but with minimal electromagnetic signature thanks to the ultra-wideband (UWB) network for low-emission real-time data transmission and over 3.5 hours of operation. The CMNDO module weighs approx. 140 grams.

The body-worn system and the associated goggles are compatible with various radio networks and battle management systems (BMS). This provides the user with information on positions, digital compass heading, time, blue force tracking, location and information (PLI), picture-in-picture display (of unmanned systems), radar diagram, battery indicator and operating mode display.

L3Harris' local partner in Germany and other European countries is IEA MIL-Optics (stand 7-747). The solutions and innovations from L3Harris can be viewed at the stand, although some solutions may only be shown to official government representatives.

$EXENS (+5,34 %)

Well, that was a perfect start and we will remain invested.

@Get_Rich_or_Die_Tryin

PHOTONIS DEFENSE AWARDED THE U.S. ARMY A BINOD CONTRACT FOR ADVANCED NIGHT VISION SOLUTIONS, A STRATEGIC MILESTONE FOR EXOSENS' EXPANSION IN THE US.

• A fixed-price indefinite-delivery/indefinite-quantity (IDIQ) contract awarded by the U.S. Army Contracting Command to Photonis Defense, Exosens' U.S. subsidiary, with a maximum value of $352.6 million

• The contract covers the development, production and testing of the U.S. Army's Binocular Night Observation Device (BiNOD) program through February 27, 2033

• The award marks an important milestone in Exosens' expansion in the US, the world's most demanding domestic market for night vision devices, supported by the Group's scalable industrial footprint in the country

Photonis Defense erhielt einen BiNOD-Vertrag der US-Armee für

Hello my dears,

the fantasy that AI swallows software has unfortunately had a greater impact on my portfolio than on the indices.

I hope it was just a carnival ghost, and that's why I'm not changing much for the time being.

Then there are the strange reactions to the quarterly figures.

My two new stocks $7012 (+2,66 %) Kawasaki and $EXENS (+5,34 %) Exosens have settled in well. And are slowly starting to bear fruit.

Considering that February is historically one of the worse months on the stock market, I am satisfied. Even if it annoys me to be behind the indices.

YTD and on an annual basis, I am well above the indices and am still satisfied with the performance for the time being.

My dears, how satisfied are you?

$EXENS (+5,34 %)

Neuer mittelfristiger Ausblick: Beschleunigung unseres profitablen Wachstumspfads

Good figures, good outlook, so I remain invested.

@Crash-Propheteus My friend, don't worry, your 🔮 is still working.

Exosen exceeds 2025 forecasts, driven by strong defense momentum in night vision and digital imaging

New medium-term outlook:

Acceleration of our profitable growth path

HIGHLIGHTS

• Continued sales growth above guidance Sales growth of +22.1% to € 468.2m in the year 2025, driven by strong momentum in defense and surveillance (75% of sales in
  2025)
• Reinforcement sales increased by +18.4
  driven by accelerating global demand for image intensifier tubes for night vision applications; capacity expansion plan underway in Europe and the United States, already supporting a 40% increase by 2027
• D&I sales increased in 2025 by +28,0 %
  and delivered a solid LFL1 performance (+5.4%), increasing throughout the year and culminating in a particularly strong fourth quarter (LFL +15.9%), driven by increasing demand for imaging technologies in platform and drone-based defense and surveillance applications
• Significant improvement in profitability, with adjusted EBITDA of
  151.6 million in 2025 (+26.6%), corresponding to a best-in-class sector margin of 32.4% (+115 billionPS compared to 2024)
• More than three times the Group's net profit from continuing operations at € 70.2 million in 2025 (+106.0%); net profit of
  42.7m. € in year 2025 (+39.2 % compared to 2024)
• Robust capital structure supports our growth strategy, with a leverage ratio of 1.3x as of December 31, 2025 (compared to 1.2x as of December 31, 2024)
• Successful launch of 5G image intensifier tubes, a breakthrough innovation that strengthens our technological and market leadership in defense
• Continued disciplined execution of our targeted, value-creating M&A strategy with the completion of three acquisitions in 2025 (Noxant, NVLS, Phasics)
• Accelerated innovation in drone-based and man-portable night vision systems to meet the evolving needs of modern armed forces in high-intensity hybrid warfare hybrid warfarewhile expanding our imaging technology portfolio in the area of wavefront measurement is being expanded
• Completed the divestment of the microwave amplifier business on December 31, 2025, further enhancing the Group's profitability, cash generation profile and strategic focus
• Proposed payment of a cash dividend of € 0.30 per share for the financial year 2025, representing a payout ratio of 22% of net income from continuing operations

OUTLOOK

• Outlook 2026: Expect double-digit growth and further improvements in profitability
• Sales in the range of 520 to 540 million euros
• Adjusted EBITDA2 In the range of 168 to 178 million euros
• Capital expenditure at around 9% of sales in 2026 (ex. capitalized R&D), driven by expansion of production capacity in Europe and the United States
• New medium-term outlook: Target of organic sales growth until mid teens and organic adjusted EBITDA growth of over 15%
• Medium-term average annual organic sales growth until mid-teens
• Medium-term annual average annual adjusted EBITDA growth above 15%, indicating a slight, progressive improvement in the adjusted EBITDA margin
• Continued active evaluation of staged capacity expansions to leverage additional sales growth in response to accelerating global demand; normalized capital expenditure at around 5% of sales (e.g. capitalized R&D)
• Capital allocation: focus on long-term value creation
• Sustainable organic growth, complemented by disciplined, value-creating and technology-driven M&A in our existing markets, accelerates our path to EUR 1 billion in sales
• In light of this strategy, the Group's net financial debt to adjusted EBITDA ratio3 may temporarily increase over the period and reach around 2 times
• Continuation of the company's shareholder return policy with an annual dividend payout ratio of between 20% and 25% of net profit

@Get_Rich_or_Die_Tryin

$EXENS (+5,34 %)

My dears, and so I can also be happy about my latest new addition. And of course I will remain invested.

• More than 7,000 5G night vision tubes have been ordered by the ACTinBlack Group, a leading European manufacturer of advanced night vision systems, to supply European special forces
• The contract was signed just a few months after the official launch of Exosens' 5G technology, underlining its rapid market adoption
• This order further strengthens Exosens' role as a strategic supplier of night vision to NATO
  and contributes to operational readiness and European defense sovereignty

This contract represents Exosens' largest single procurement of 5G image intensifier tubes to date and confirms the strong market acceptance of this new product. Exosens' 5G image intensifier tubes, which represent the highest level of performance in the night vision domain, are designed for use in the most demanding low-light environments, providing unparalleled situational awareness, enhanced detection capability and superior visual comfort for operators engaged in critical night operations.

ttps://www.finanznachrichten.de/nachrichten-2026-01/67407153-exosens-signs-the-largest-contract-yet-for-its-latest-cutting-edge-5g-image-intensifier-tubes-with-actinblack-399.htm

$EXENS (+5,34 %)

Hello my dears, I have just had a NEW PURCHASE. From the company I introduced a week ago, EXOSENS.

Many of you will probably be wondering why a new purchase, and then in Europe. Although the US. Market there are great price reductions.

That was also my consideration. But I liked the company when I saw it. And it fits in well with my future strategy.

And I don't want to be led astray.

"I simply want to continue to pursue my strategy and stay true to it.

An additional purchase in US. stocks would mean

• further pumping up full positions
• further increase the share in the nervous US. market.

Concerns.

• Dollar weakness
• Change at the top of the FED
• Geopolitical uncertainty
• Difficult to calculate president

This is not to say that I do not consider the US. Market not investable at the moment. But rather that I no longer want to add significantly to my US holding of just over 50%.

I think there is simply no way around the US market, and this is one of the best places to achieve returns. But other markets are also attractive and I think diversification is important. And that's why I won't be dissuaded from my strategy by a SALE.

Of course, if prices become even more attractive, there will also be additional purchases here in due course. E.v.t. when it becomes clear that the bear market in Bitcoin and software has come to an end.

Why now is the right time to BUY:

From a chart point of view, I think buying EXOSENS is very attractive right now.

The price could still go down to €49, but after that I think the long-term upward trend will continue.

@TomTurboInvest ?

Dear all, what do you think about my purchase and the company?

Hello my dears,

I would like to thank you very much for the 👍and great comments under my last company presentation. It means a lot to me.

With today's company presentation, I would also like to say a big thank you to our margin king @All-in-or-nothing 🙈.

Because you almost always have a 👍or comment for my ideas.

That's why I made sure that today's company has a double-digit EBIT margin, which will be increased.

My friends,

I still have the 🍊speech from Davos in my head. My takeaway from it is that we Europeans need to finally grow up. And become more independent. The world is not getting any better and dangers lurk everywhere.

That's why I've chosen Exosens $EXENS (+5,34 %) for you today.

As always, I look forward to receiving plenty of comments.

Is the share an investment for you?

Exosens benefits from the global defense boom

Exosens (ISIN: FR001400Q9V2) is a French high-tech company that develops electro-optical systems. Its range includes sensors and high-precision detectors for defense, industrial and medical applications. Its specialized components address customers in extremely demanding environments. Exosens was founded in 1937. However, the share was only placed on Euronext Paris in 2024.

On October 27, 2025, the company published its Q3 2025 results, reporting a 23% increase in revenue to EUR 328 million in the first nine months. The company also stated that it had improved its adjusted gross margin year-on-year from 49% to over 51%. The management expressed its confidence in achieving the annual targets for 2025.

The continuous expansion through acquisitions and the high exposure to NATO defense programs have been driving Exosens' sales growth sustainably for several quarters. Rising defense budgets and continued innovation in photonics increase the likelihood that growth will continue in the future. FY 2025 results are expected at the end of February.

Conclusion: Exosens combines decades of technological expertise with structural tailwinds from rising defense spending. The strong sales growth combined with rising margins underlines the operational quality of the business model and the successful positioning in specialized niche markets. If the trends of rising defense budgets and innovation momentum continue, Exosens has good opportunities for growth beyond 2025.

Technologies

Exosens is a high-tech company with more than 85 years of experience in innovating, developing, manufacturing and selling high-quality electro-optical technologies in the field of amplification, detection and imaging.

With their extensive range of cutting-edge technologies, they can offer detection components and solutions such as traveling wave tubes, advanced cameras, neutron and gamma detectors, instrument detectors and light amplification tubes. This enables them to respond to complex problems in highly demanding environments by offering customized solutions for their customers.

New applications in ion and electron, microwave amplifiers, gamma and neutron, X-ray, ultraviolet, visible and infrared technologies are being explored.

Exosen markets

• Defense and surveillance

Exosens is a leader in the defense and surveillance markets, offering innovative and high-quality products that meet the needs of its customers. In the defense market, Exosens' image intensifier tubes and hybrid power amplifiers give soldiers the tactical edge they need to operate in the darkest nights. In the surveillance market, Exosens' advanced imaging solutions offer a diverse range of imaging technologies covering a wide spectrum of light from below 300 nm violet (UV) to 12,000 nm in the Long Wave Infrared (LWIR) thermal spectral region. Exosens' low-light imaging products provide 24/7 day/night monitoring to ensure critical assets are protected.

Applications

• Soldiers' portable equipment
• Armored vehicles and platform sights
• Infrared signature and range
• Ballistics
• Missile warning and platform survivability
• Vision enhancement for any drone mission
• Police - law enforcement
• Border and infrastructure surveillance
• Maritime surveillance
• Search and rescue

• Life Sciences & Environment

Exosen's state-of-the-art detection technologies - including photon, ion and electron detection - provide the precision, speed and reliability essential for life sciences and environmental applications.

These capabilities enable researchers to observe molecular interactions with high sensitivity, supporting drug development, diagnostics and contaminant tracking. From vaccine validation and disease monitoring to environmental pollution control, Exosens' technology is driving advances that benefit health and sustainability.

Applications

• Cell analysis
• Biomedical
• Ophthalmology
• Agricultural monitoring
• Methane and gas detection
• Mineral detection and identification
• Waste Management
• Scientific cameras & instrumentation
• Space research
• Firefighting and fire research
• Atmospheric sounding

• Industrial control

In the world of industry and transportation, precision and safety are of paramount importance. This is where Exosens Technology comes in, offering innovative solutions that take inspection and non-destructive testing to a whole new level.

Infrared (IR) imaging technology offers numerous advantages over visible imaging. A common application of IR imaging is its ability to photograph in low light conditions. IR imaging also improves vision in unfavorable weather conditions.

Applications

• Machine vision
• Semiconductor inspection
• Food sorting
• Additive manufacturing
• Thermography
• Beam profile analysis
• Non-destructive testing
• Combustion flow analysis
• Maintenance of the power grid
• Train and vehicle inspection

Nuclear energy

• Exosens has been a market leader in nuclear instrumentation for more than 50 years. The Exosens brand designs and manufactures neutron and gamma detectors for the nuclear industry, including applications in nuclear power plants, fuel processing plants, waste storage monitoring and nuclear research instrumentation.

Applications

• Nuclear power plants in the fuel cycle
• Nuclear power plants
• Nuclear research reactors
• SMR & advanced reactors

Investors

Investoren | Exosenen

January 14, 2026

Ultrahochauflösende Technologie

Exosens introduces ultra-high resolution, 80 lp/mm image intensification technology for scientific imaging

January 12, 2026

Exosens–ActInBlack-Vertrag

Exosens signs largest contract to date for its latest advanced 5G image intensifier tubes with ACTinBlack

December 17, 2025

EcoVadis Gold für Exosen

Exosens is awarded the EcoVadis Gold Medal, recognizing a commitment built up over several years.

December 10, 2025

Historischer Nachtsichtvertrag

Exosens and Theon International announce the signing of a contract with OCCAR for 100,000 MIKRON night vision binoculars.

December 03, 2025

Exosens–Theon erweiterte Vereinbarung

Exosens and Theon extend long-term commercial agreement until 2030 to secure image intensifier tube capacity in a market limited by growing demand

November 25, 2025

Neuer Hyper-Cam Airborne Nano

Exosens launches the Hyper-Cam Airborne Nano, redefining lightweight, long-wavelength hyperspectral infrared imaging

November 20, 2025

Exosen-Modelle wurden von MSCI für ESG mit "A" bewertet

Exosens received an "A" rating from MSCI for its ESG guidelines

November 17, 2025

Neuer intensivierter iLumos RED 5G

Exosens launches iLumos RED 5G, its most advanced intensified CMOS camera to date

October 27, 2025

Ergebnisse 9M 2025

Exosens achieves strong performance of 9 million in 2025, driven by sustained tailwinds of defense

October 09, 2025

Hochtemperaturdetektoren für Reaktoren der nächsten Generation

Proven reliability up to 800°C and beyond for SMR and AMR applications. Building on the joint heritage of Photonis and Centronic - 80+ years of excellence in neutron detection.

Oct 06, 2025

Neutronenradiographie

Exosens: On-site neutron imaging radiography becomes a reality

September 29, 2025

Großer Vertrag der spanischen Armee

Exosens secures a major contract with the Spanish army for 17,000 advanced night vision monoculars

September 09, 2025

Neues 5G-Bildverstärkerrohr

Exosens launches its new 5G image intensification tube, a game changer in terms of visual perception and night vision performance

September 04, 2025

Neue Wärmebildkameras Crius XP & Microcube XP

Exosens introduces new Crius XP and Microcube XP Series thermal imaging cameras.

EUR in millions

Estimates

Year Sales Change

2024 394,1

2025 462 17,22 %

2026 528 14,29 %

2027 588,8 11,51 %

Year EBIT Change

2024 95,3

2025 118,5 24,33 %

2026 137 15,6 %

2027 155,9 13,82 %

Year Net result Change

2024 30,7 66,79 %

2025 67,01 118,27 %

2026 83,04 23,93 %

2027 97,07 16,89 %

Year Net debt CAPEX

2024 144 41,3

2025 159 59,51

2026 110 58,77

2027 55,9 56,52

Year Free cash flow Change

2024 55,4

2025 46,93 -15,29 %

2026 65,26 39,06 %

2027 85,19 30,54 %

Year EBITDA margin EBIT margin ROE

2024 30,07 % 24,18 % 11,72 %

2025 30,64 % 25,65 % 16,49 %

2026 31 % 25,94 % 17,84 %

2027 31,89 % 26,48 % 18,01 %

Year Earnings per share Change

2024 0,61 510 %

2025 1,415 131,96 %

2026 1,74 23 %

2027 2,037 17,01 %

Year Dividend Yield

2024 0,1 0,51 %

2025 0,3003 0,55 %

2026 0,3835 0,7 %

2027 0,471 0,86 %

Year P/E ratio PEG

2024 31.9x 0x

2025 38.7x 0x

2026 31.5x 1.4x

2027 26.9x 1.6x

Market value 2,782

Number of shares (in thousands) 50,762

Date of publication 03,03,2025

$EXENS (+5,34 %)

I wish you every success in your trading on the capital markets!

$AVGO (+4,64 %)
$EXENS (+5,34 %) and thanks to the EUR/USD trades.

After my basic framework (after buying the house in September) with $AVGO (+4,64 %) , $COST (-1 %) , $APH (+5,55 %) , $PH (+2,14 %) , $CVX (-3,16 %) , $EXENS (+5,34 %) & $NOC (+0,72 %) stands again,

Now go buy something in the almighty $HMWO (+2 %)