Added: Removed:

DAX:

Hochtief $HOT (-0,9%) Porsche $PAH3 (+2,19%)

MDAX:

PORSCHE HOCHTIEF

Elmos Seni $ELG (-1,12%) Redcare $RDC (+0,99%)

Siltronic $WAF (+0,03%) Ströer

SUSS Micro $SMHN (-2,19%) Jungheinrich $JUN3 (-0,83%)

SDAX:

Jungheinrich. SUSS

STRÖER. ELMOS Semi.

Redcare. Adesso $ADN1 (-0,09%)

LPKF Laser $LPK (-2,15%) . Borussia $BVB (-0,88%)

Vincorion $V1NC (-0,54%) Verve $VERVE

Basler $BSL (+0%) Pro7 $PSM (-0,37%)

Asta $AT100ASTA001 (+1,3%)

TecDax

PVA $TPE (-1,08%) Nagarro $NA90

Hello friends from the community,

I started today's company presentation with Johann Wolfgang von Goethe.

Because sometimes we don't even know what great market leaders we have in our own country.

Looking at the chart, today's market leader is more of a fallen angel. It's actually unusual for me to present such a share to you.

Why am I doing it anyway?

Because when looking at the fundamental figures, I noticed how the company has managed to become profitable again. And I didn't want to withhold the company from you because of the growth that still lies ahead.

Because the future and growth technologies play right into the cards here.

Drones, humanoid industrial robots, modern surveillance systems, medical research, AI systems, etc., are nothing without eyes 👀. And could not provide us with important information without them.

And this is where the market leader Basler $BSL (+0%) comes into play.

Ladies and gentlemen, I hope to hear lots of opinions in the comments.

Do you see potential and future fantasy here? Perhaps a hidden pearl of growth?

Please let's discuss.

Have fun with the company presentation

Basler AG is a Germany-based manufacturer of industrial cameras for a wide range of applications. The product portfolio includes area scan cameras for traffic monitoring, factory automation or retail, line scan cameras for quality assurance and sorting processes that inspect images line by line and not as a whole, network cameras, three-dimensional (3D) cameras for applications in the field of logistics as well as industrial image processing, imaging and inspection and PowerPack microscopy devices. The company also offers related software and components, including lenses, lens adapters and cables. The company operates through subsidiaries and representative offices in Europe, the United States and Asia.

Number of employees: 814

Technology leader with vision

From industrial camera pioneer to vision specialist of the robotics era - Basler AG, based in Ahrensburg near Hamburg, has been one of the leading international suppliers of industrial image processing technology for decades. The name Basler has long been synonymous with quality, precision and innovation.

Basler ignites the turbo: Chart breakout and insider purchase from the new CEO inspire!

Basler ignites the turbo: Chart breakout and insider purchase from the new CEO inspire! Basler's cameras provide the eyes for modern industry. The product portfolio ranges from 127-megapixel cameras to SWIR technologies that can see through plastic, which is essential for semiconductor manufacturing and robotics. In the first nine months of 2025, sales rose by 23% to EUR 168 million, while incoming orders increased by 29% to just under EUR 172 million. The net result soared from -6.7 million euros to 11.1 million euros.

Basler AG has fundamentally changed from a pure component manufacturer for industrial cameras to a comprehensive solution provider in the field of computer vision. While the core business was traditionally the production of robust cameras for factory automation, the Group now addresses the entire image processing value chain. A central element of value creation is now software expertise, in particular through the "pylon Camera Software Suite", which enables seamless integration of hardware into customer applications. Instead of laboriously integrating individual parts, customers from sectors such as medicine, logistics or robotics receive complete, coordinated systems, which strengthens customer loyalty and secures margins in the long term against the pure price war for hardware components.

The turn of the year 2025/2026 marks a historic turning point in the management of Basler AG. On January 1, 2026, Hardy Mehl replaced the long-standing CEO Dr. Dietmar Ley, who had shaped the company for over 25 years. At the same time, Dr. Kai Jens Ströder took over as the new CTO to ensure innovative strength in the areas of product creation and technological development. The capital markets see this planned handover as a signal of continuity and strategic renewal at the same time.

Both the outgoing CEO and the new CEO Hardy Mehl made several share purchases. In the period between December 18, 2025 and January 13, 2026, insider purchases were reported at unit prices of between EUR 13.70 and EUR 14.53 per share for a total of EUR 275,872. These insider purchases send a strong signal to shareholders that the management is convinced of the company's intrinsic strength and future value development despite a persistently subdued market environment. AI and advancing automation outside the traditional factory halls are likely to remain growth drivers.

Image-guided robotics

Smart robots with the power of sight: more capabilities and flexibility for a wide range of applications

Robots carry out tasks that are difficult or impossible for humans to perform. Computer vision gives robots "eyesight" and opens up almost unlimited application possibilities. Computer vision makes robots more flexible and helps to expand areas of application.

• Fast integration through compatibility

Compatible with ABB, KUKA, FANUC, Universal Robots and many well-known brands in robotics.

Industry 4.0 and automation

Optimization of production processes for the factory of tomorrow

Basler vision systems are used worldwide in automation processes for a wide range of industrial sectors, for example to increase the efficiency of production processes. Applications range from electronics and semiconductor inspection, robotics and food inspection to mail sorting and print image inspection.

Image processing in battery cell production

Machine vision ensures quality assurance

In the production of battery cells, high quality in all process steps and thus the reduction of material waste are crucial. Digital image processing opens up possibilities for reliably detecting even the smallest defects. Basler's solutions help to produce high-quality and safe battery cells to meet the challenges of electromobility.

Electronics inspection

Consistent quality - for every circuit board, every panel and every device.

Precision and speed are crucial in electronics production. This applies from PCB production to the assembly of display panels and the manufacture of complex electronic components. The demands for miniaturization, higher performance and tighter tolerances continue to increase. Basler's machine vision solutions help industrial partners to develop reliable, high-quality inspection systems. These systems are specifically designed to meet the growing demands of the electronics industry.

Warehouse automation

Faster, smarter and more efficient logistics with vision solutions

Automation with vision solutions in intralogistics creates efficient and cost-effective processes from goods receipt to delivery. Basler's vision solutions in warehouse automation are reliable and user-friendly with an unbeatable price-performance ratio.

Image processing in Medical & Life Sciences

First-class vision solutions for demanding applications

Digital image acquisition and processing opens up numerous possibilities for researching, analyzing and diagnosing diseases as well as in the manufacturing process of medical products. Basler's customized products and solutions guarantee exceptional reliability and the best image quality.

• Best image quality and color reproduction

Basler cameras produce excellent images - fully automatically or individually adjusted

Industry solutions

Whether Industry 4.0 solutions, automated manufacturing processes or applications in Medical & Life Sciences: Numerous industries rely on imaging from Basler in a wide variety of applications.

• Medical & Life Sciences
• Smart City
• Traffic, transportation, infrastructure
• Agriculture
• Robotics
• Automated retail systems
• Automotive
• Printing industry
• Electronics
• Factory automation
• IoT, IIoT & Industry 4.0
• Warehouse automation
• Food & beverage industry
• Microscopy
• Pharmaceuticals
• Sports & Entertainment

EUR in millions

Estimates

Year Turnover Change

2024 183,7 -9,55 %

2025 224,6 22,27 %

2026 248 10,4 %

2027 279,3 12,61 %

Year EBIT Change

2024 -9,784 55,33 %

2025 18,6 290,11 %

2026 25,37 36,38 %

2027 33,57 32,33 %

Year Net result Change

2024 -13,77 0,3 %

2025 11,97 186,93 %

2026 17,03 42,34 %

2027 23,07 35,42 %

Year Net debt Leverage ratio

2024 50,8 5,08x

2025 34,4 0,92x

2026 18,5 0,4x

2027 -0,37

Year Free cash flow Change CAPEX

2024 1,4 115,22 % 9,807

2025 14,3 921,43 % 14

2026 20,13 40,79 % 19,55

2027 24,87 23,51 % 22,35

Year EBIT margin ROE

2024 -5,33 % -10,45 %

2025 8,28 % 10 %

2026 10,23 % 11,7 %

2027 12,02 % 14,25 %

Year Earnings per share P/E ratio PEG

2024 -0,45 -13,6x

2025 0.37 44.6x -0x

2026 0.56 29.5x 0.6x

2027 0.7533 21.9x 0.6x

Year Dividend Yield

2024

2025 0,0367 0,22 %

2026 0,1433 0,87 %

2027 0,22 1,33 %

Market value 507.3

Number of shares (in thousands) 30,748

Date of publication 28.03.2025

Performance

Current year + 4.71 %

1 year +140.54 %

5 years - 45.51 %

10 years + 200.56 %

15 years + 1,151.56 %

Basler Unternehmensfilm

PowerPoint-Präsentation

( PS. @EpsEra I hope you are doing well. Maybe also interesting for you)

After my first post on humanoid robots received a lot of positive feedback, I went into more detail. I later added my favorites in each sector.

In-depth analysis of the value chain, including shovel manufacturers and potential hidden champions

New category: Secondary Key Sectors (Sales, Marketing, Financing)

Additionally: Top 25 companies worldwide, as well as the Top 10 in Europe and the Top 10 in Asia

To help newcomers get up to speed, I’ve included a video link. This will give you an idea of just how far the development of humanoid robotics has come today.

https://www.stern.de/panorama/wissen/humanoider-roboter---wie-reagiert-er-auf-beleidigungen--35996156.html

Thank you for your attention and support 🙏

🌐 1. Humanoid Robot Value Chain (with hidden champions)

1. Research & Chip Design

$ARM (-0,28%) ARM (UK) – CPU IP, energy-efficient processors

$SNPS (+0,33%) Synopsys (US) – EDA software, chip design

$CDNS (+0,75%) Cadence (US) – EDA & Simulation

$PTC PTC (US) – Engineering software, CAD/PLM

$DSY (-0,4%) Dassault Systèmes (FR) – 3D design & digital twin

$SIE (-0,64%) Siemens (DE) – Industrial software & lifecycle management

$ADBE (+0,06%) Adobe (US) – Design, AR/UX

ANSYS (US) – Multiphysics Simulation – Acquired by Synopsys

Altair (US) – CAE, Simulation, Digital Twin – Acquired by Siemens

$HXGBY (+3,08%)
Hexagon (SE) – Measurement Technology & Simulation

$AWE Alphawave IP Group (UK) – High-speed chip IP for AI/robotics

1. Synopsis, 2. Siemens, and 3. Adobe are my top three picks in this sector

2. Manufacturing Technology & Equipment

$ASML (+0,44%) ASML (NL) – Lithography (EUV)

$AMAT (+0,34%) Applied Materials (US) – Semiconductor Equipment

$8035 (-2,18%) Tokyo Electron (JP) – Wafer manufacturing

$KEYS (+1,02%) Keysight Technologies (US) – Measurement Technology

$6857 (-2,04%) Advantest (JP) – Chip Test Systems

$TER (-0,83%) Teradyne (US) – Test systems + cobots

$6954 (-0,19%) Fanuc (JP) – Industrial robots, CNC

$CAT (-0,08%) Caterpillar (US) – Autonomous Machinery

$KU2G KUKA (DE) – Industrial Robots

Comau (IT) – Automation – Not publicly traded

$ROK Rockwell Automation (US) – Industrial automation

$JBL (+0,7%) Jabil (US) – Contract Manufacturing (EMS/ODM)

$KIT (+0,38%) Kitron (NO) – European EMS/ODM manufacturer

$AIXA (+1,85%) Aixtron (DE) – Deposition systems for compound semiconductors

$LRCX (-0,03%)
Lam Research (US) – Etching/deposition systems

$MKSI (+0,16%)
MKS Instruments (US) – Plasma/vacuum technology

$ASM (-1,12%)
ASM International (NL) – Deposition systems

1. ASML, 2. Keysight Technologies, 3. Fanuc are my top 3 in this sector

3. Chip Manufacturing (Foundries)

$TSM (-0,47%) TSMC (TW) – leading foundry

$SMSN Samsung Electronics (KR) – foundry + memory

$GFS (+0,03%) GlobalFoundries (US) – specialty chips

$INTC (+2,52%)
Intel Foundry Services (US) – new Western foundry player

$981
SMIC (CN) – Largest Chinese foundry

$UMC
UMC (TW) – Power, RF, and embedded chips

1. TSMC, 2. Intel, 3. Samsung Electronics are my top 3 in this sector

4. Computing & control unit (“brain”)

$NVDA (+0,52%) Nvidia (US) – GPUs, AI chips

$INTC (+2,52%) Intel (US) – CPUs, FPGAs

$AMD (+0,38%) AMD (US) – CPUs, GPUs

$MRVL (+1,28%) Marvell (US) – network chips

$MU (-0,17%) Micron (US) – Memory

$DELL (+0,39%) Dell Technologies (US) – Edge & Infrastructure

Graphcore (UK) – AI chips (IPU) – not a publicly traded company

Cerebras (US) – Wafer-Scale Engine – not a publicly traded company

SiPearl (FR) – European HPC chip – not a publicly traded company

1. Nvidia, 2. Marvell, 3. Micron are my top 3 in this sector

5. Sensors (“Senses”)

$6758 (-0,8%) Sony (JP) – Image sensors

$6861 (+0,4%) Keyence (JP) – industrial sensors

$STM (-0,48%) STMicroelectronics (FR/IT) – Sensors, MCUs

$TDY Teledyne (US) – optical/infrared sensors

$CGNX (-0,12%) Cognex (US) – Machine Vision

$HON (+0,06%) Honeywell (US) – Sensors, Security

ANYbotics (CH) – Autonomous sensor fusion – not a publicly traded company

$AMBA (+0,45%) Ambarella (US) – Video & computer vision SoCs for real-time image recognition

$OUST
Velodyne Lidar (US) – Lidar sensors – acquired by Ouster

$AMS (+0,76%)
OSRAM (AT/DE) – optical sensors

1. Teledyne, 2. Keyence, 3. Ouster are my top 3 in this sector

6. Actuators & Power Electronics (“Muscles”)

$IFX (-1,52%) Infineon (DE) – Power Electronics

$ON (-0,05%) onsemi (US) – Power & Sensors

$TXN (-0,09%) Texas Instruments (US) – mixed-signal chips

$ADI (+0,69%) Analog Devices (US) – Signal Processing

$PH Parker-Hannifin (US) – Hydraulics/Pneumatics

$MP (+0,58%) MP Materials (US) – Magnets

$APH (-0,21%) Amphenol (US) – Connectors

$6481 (-1,79%) THK (JP) – Linear guides & actuators

$6324 (+0,74%)
Harmonic Drive (JP) – Precision gearboxes & servo drives for robotics

$6594 (+0,27%)
Nidec (JP) – Electric motors

$6506 (+0,36%)
Yaskawa (JP) – Drives & Robotics

$SU (-0,38%)
Schneider Electric (FR) – Energy & Control Solutions

$ZIL2 (-1,58%)
ElringKlinger (DE) – Battery & Fuel Cell Technology, Lightweight Construction

1. Parker-Hannifin, 2. MP Materials, 3. Infineon are my top 3 in this sector

7. Communications & Networking (“Nerves”)

$QCOM (-0,16%) Qualcomm (US) – Mobile Communications, Edge AI

$ANET (+0,21%) Arista Networks (US) – Networks

$CSCO (+0,24%) Cisco (US) – Networks, Security

$EQIX (+0,25%) Equinix (US) – Data centers

NTT Docomo (JP) – 5G/6G carrier – not a publicly traded company

$VZ Verizon (US) – Telecommunications

$SFTBY SoftBank (JP) – Carrier + Robotics

$ERIC B (-0,2%)
Ericsson (SE) – 5G/IoT infrastructure

$NOKIA (-0,4%)
Nokia (FI) – 5G/6G for Industry

$HPE (-0,52%)
Juniper Networks (US) – Networking – Acquired by HP

1. Arista Networks, 2. SoftBank, 3. Cisco are my top 3 in this sector

8. Energy

$3750 (-0,86%) CATL (CN) – Batteries

$6752 (-2,05%) Panasonic (JP) – Batteries

$373220 LG Energy (KR) – Batteries

$ALB (-0,71%) Albemarle (US) – Lithium

$LYC (+1,55%) Lynas (AU) – Rare Earths

$UMICY (+0%) Umicore (BE) – Recycling

WiTricity (US) – Inductive charging – not a publicly traded company

$ABBN (-0,41%) Charging (CH) – Charging infrastructure

$SLDP
Solid Power (US) – Solid-state batteries

Northvolt (SE) – European batteries – not a publicly traded company

$PLUG
Plug Power (US) – Fuel cells

$KULR (-0,2%)
KULR Technology (US) – Thermal management & battery safety for mobile systems

1. Albemarle, 2. CATL, 3. Panasonic are my top 3 in this sector

9. Cloud & Infrastructure

$AMZN (+0,31%) Amazon AWS (US) – Cloud, AI

$MSFT (+0,33%) Microsoft Azure (US) – Cloud, AI

$GOOG (+0,2%) Alphabet Google Cloud (US) – Cloud, ML

$VRT
Vertiv Holdings (US) – Data Center Infrastructure (UPS, Cooling, Edge)

$ORCL (+0,09%)
Oracle Cloud (US) – ERP + Cloud

$IBM (+0,16%)
IBM Cloud (US) – Hybrid Cloud + AI

$OVH (-1,01%)
OVHcloud (FR) – European Cloud

1. Alphabet, 2. Microsoft, 3. Oracle are my top 3 in this sector

10. Software & Data Platforms

$PLTR (+0,4%) Palantir (US) – Data Integration

$DDOG (+0%) Datadog (US) – Monitoring

$SNOW (+0,42%) Snowflake (US) – Data cloud

$ORCL (+0,09%) Oracle (US) – Databases, ERP

$SAP (-0,39%) SAP (Germany) – ERP systems

$SPGI S&P Global (US) – Financial/Market Data

ROS2 Foundation – Robotics Middleware – Not publicly traded

$NVDA (+0,52%) NVIDIA Isaac (US) – Robotics development – part of NVIDIA

$INOD (-0,08%) Innodata (US) – Data annotation & AI training data

$PATH (+0,04%)
UiPath (RO/US) – Robotic Process Automation

$AI (+0,36%)
C3.ai (US) – AI platform

$ESTC (+0,36%)
(NL/US) – Search & Data Analytics

1. S&P Global, 2. Palantir, 3. Datadog are my top 3 in this sector

11. End-user applications / Robots

$ABBN (-0,41%) ABB (CH/SE) – Industrial robots

$6954 (-0,19%) Fanuc (JP) – Industrial Robots

$TSLA (-0,08%) Tesla Optimus (US) – humanoid robot

$9618 (+1,03%) JD.com (CN) – Logistics robots

$AAPL (+0,35%) Apple (US) – Platform & UX

$700 (-1,53%) Tencent (CN) – Platform & AI

$9988 (-1,69%) Alibaba (CN) – Logistics & Platform

PAL Robotics (ES) – humanoid robots - not a publicly traded company

Neura Robotics (DE) – cognitive humanoid robots - not a publicly traded company

$TER (-0,83%) Universal Robots (DK) – cobots - part of Teradyne Corporation

Engineered Arts (UK) – humanoid robots – not a publicly traded company

$ISRG (-0,17%) Intuitive Surgical (US) – surgical robotics

$GMED (+0,9%)
Globus Medical (US) – surgical robotics (ExcelsiusGPS platform)

$7012 (-0,28%) Kawasaki Heavy Industries (JP) – industrial robots, automation

$CPNG (+0,33%) Coupang (KR) – logistics end-users

$IRBT
iRobot (US) – consumer robotics (e.g., Roomba); not humanoid, but features navigation and sensor fusion

Boston Dynamics (US) – humanoid & mobile robots—not a publicly traded company

Hanson Robotics (HK) – humanoid robots (Sophia)—not a publicly traded company

Agility Robotics (US) – “Digit” humanoid robot—not a publicly traded company

1. Apple, 2. Tencent, 3. Alibaba are my top 3 in this sector

🛠 2. Cross-sector enablers (shovel manufacturers) – featuring hidden champions

Raw Materials & Battery Materials

Albemarle · Lynas · Umicore

$SQM
SQM (CL) – Lithium

$ILU (+1,62%)
Iluka Resources (AU) – Rare Earths

$ARR (-0,38%)
American Rare Earths (US/AU) – New supply chains

My top pick in the sector is Albemarle

Manufacturing Technology

ASML · Applied Materials · Tokyo Electron

$LRCX (-0,03%)
Lam Research (US) – Plasma/etching processes

$ASM (-1,12%)
ASM International (NL) – ALD equipment

$MKSI (+0,16%)
MKS Instruments (US) – Plasma/vacuum technology

My top pick in the sector is ASML

Quality Assurance

Keysight · Advantest · Teradyne

$EMR (+0,03%)
National Instruments (US) – Measurement technology – from Emerson Electric Acquired

$300567
ATE Test Systems (CN) – Test systems

$FORM (+0,38%)
FormFactor (US) – Wafer probing

My number one in the sector is Keysight

Motion & Drive

Parker-Hannifin

Festo (Germany) – Pneumatics, Soft Robotics - not a publicly traded company

Bosch Rexroth (DE) – Drives, Controls - not a publicly traded company

$6481 (-1,79%)
THK (JP) – Linear guides

My top choice in the sector is Parker-Hannifin

Sensors/Imaging

$TDY Teledyne

$BSL (+0%) Basler (DE) – Industrial cameras

FLIR (US) – Thermal imaging sensors – Acquired by Teledyne

ISRA Vision (DE) – Machine vision – not a publicly traded company

My top pick in the sector is Teledyne

Magnets & Materials

MP Materials

$6501 (+0,08%)
Hitachi Metals (JP) – Magnetic Materials

VacuumSchmelze (DE) – Magnetic materials – not a publicly traded company

$4063 (-0,95%)
Shin-Etsu Chemical (JP) – Specialty materials

My top pick in the sector is MP Materials

Chip Design & Simulation

Synopsys · Cadence · ARM

$SIE (-0,64%)
Siemens EDA (DE/US)– Mentor Graphics—a strategic business unit of Siemens AG

Imagination Tech (UK) – GPU IP – not a publicly traded company

$CEVA (-0,31%)
CEVA (IL) – Signal processor IP

My top pick in the sector is Synopsys

Engineering & Lifecycle

PTC · Dassault · Siemens

Altair (US) – Simulation – no longer a publicly traded company

$HXGBY (+3,08%)
Hexagon (SE) – Measurement Technology

$SNPS (+0,33%)
ANSYS (US) – Simulation – Acquired by Synopsys

My top pick in the sector is Siemens

Networks & Data Centers

Arista · Cisco · Equinix

$HPE (-0,52%)
Juniper (US) – Networks – Acquisition by HPE

$DTE (+0,47%)
T-Systems (DE) – Industrial Cloud

$OVH (-1,01%)
OVHcloud (FR) – European cloud

My top pick in the sector is Arista

Cloud Infrastructure

AWS · Azure · Google Cloud

$ORCL (+0,09%)
Oracle Cloud (US) – ERP & Databases

$IBM (+0,16%)
IBM Cloud (US) – Hybrid Cloud

$9988 (-1,69%)
Alibaba Cloud (CN) – Asian cloud

$VRT
Vertiv Holdings (US) – Cloud/Infrastructure

My top pick in the sector is Alphabet (Google)

Financial/Information Infrastructure

S&P Global

$MCO (+0,88%)
Moody’s (US) – Ratings

$MSCI (+0,37%)
MSCI (US) – Indices

$MORN
Morningstar (US) – Investment Research

My top pick in the sector is S&P Global

Creative/Experience Infrastructure

Adobe

$ADSK (-0,43%)
Autodesk (US) – CAD & Design

$U
Unity (US) – 3D/AR Simulation

Epic Games (US) – Unreal Engine – not a publicly traded company

My top pick in the sector is Adobe

Platform & Ecosystem

Apple · Tencent · Alibaba

$META (+0,24%)
Meta (US) – AR/VR, Social Robotics

ByteDance (CN) – AI & Platforms – not a publicly traded company

$9888 (-1%)
Baidu (CN) – AI & Cloud

My top pick in the sector is Tencent

Infrastructure/Edge

Dell

$HPE (-0,52%)
HPE (US) – Edge Computing

$SMCI
Supermicro (US) – AI Servers

$6702 (+2,26%)
Fujitsu (JP) – Edge & HPC

My top pick in this sector is Dell

Storage Solutions

Micron

$HY9H
SK Hynix (KR) – Memory

$285A (-3,29%)
Kioxia (JP) – NAND

$WDC
Western Digital (US) – Storage solutions

My top pick in the sector is Micron

🏛 3. Secondary Key Sectors with Hidden Champions

Financing & Capital

$GS (-0,38%) Goldman Sachs (US) – Investment bank; ECM/DCM, M&A, growth financing

$MS Morgan Stanley (US) – Investment bank; tech banking, capital markets

$BLK (+0,38%) BlackRock (US) – Asset manager; capital allocation, ETFs/index funds

$9984 (+1,22%) SoftBank Vision Fund (JP) – Mega-VC; growth equity in robotics/AI

Sequoia Capital (US) – Venture capital; early-stage/growth in AI/robotics – This is a classic venture capital fund

DARPA (US) – government R&D funding (robotics/defense) – independent research and development agency

EU Horizon (EU) – research funding/grants for DeepTech – Innovative Europe pillar

China State Funds (CN) – Government Industry/Technology Funds

Lux Capital (US) – VC for DeepTech - Uptake (US) – AI-based predictive maintenance

DCVC (US) – Focus on robotics and AI – Invests exclusively through VC fund investments

Speedinvest (AT) – EU VC for robotics – Investment is only available through fund participations

My number one in the sector is SoftBank

Maintenance & Service

$SIE (-0,64%) Siemens (DE) – Industrial Services, Lifecycle & Retrofit

$ABBN (-0,41%) ABB (CH/SE) – Robotics services, spare parts, field support

$GEHC (+0,28%) GE Healthcare (US) – Medtech services, including robotic systems

Uptake (US) – AI-based predictive maintenance – not a publicly traded company

Augury (US/IL) – Condition monitoring, condition diagnostics – not a publicly traded company

$KU2 KUKA Service (DE) – Robotics maintenance

$6954 (-0,19%) Fanuc Service (JP) – Global service network

Boston Dynamics AI Institute (US) – Robotics Longevity – funded by Hyundai Motor Group

My top pick in the sector is Siemens

Marketing & Advertising

$WPP (+0,45%) WPP (UK) – global advertising group; branding/communications

$OMC Omnicom (US) – marketing/PR network

$PUB (+0,52%) Publicis (FR) – communications/advertising group

$META (+0,24%) Meta (US) – digital ads (Facebook/Instagram)

$GOOG (+0,2%) Google Ads (US) – Search & Display Advertising

TikTok / ByteDance (CN) – Social Ads & Distribution - not a publicly traded company

$AAPL (+0,35%) Apple (US) – branding/UX; adoption & platform marketing

$WPP (+0,45%)
AKQA (UK/US) – Tech branding – Since 2012, majority-owned by the WPP Group, but continues to operate as autonomous operating unit

R/GA (US) – Innovation Marketing – not a publicly traded company

Serviceplan (DE) – Largest independent EU agency – not a publicly traded company

My number one in the sector is Meta

Law, Regulation & Ethics

ISO (CH) – international standards, robotics standards

TÜV (DE) – certification & safety testing

UL (US) – safety/conformity testing

EU AI Act (EU) – legal framework for AI & robotics

UNESCO AI Ethics (UN) – global ethical guidelines

Fraunhofer IPA (DE) – Robotics safety standards

ANSI (US) – Standards

IEC (CH) – Electrical Engineering Standards

Education & Talent

MIT (US) – Robotics/AI Research & Education

ETH Zurich (CH) – Autonomous Systems & Robotics

Stanford (US) – AI/Robotics Labs & Spin-offs

Tsinghua University (CN) – Robotics/AI in Asia

CMU (US) – Robotics Institute

EPFL (CH) – Robotics Research

TU Munich (DE) – “Roboy” humanoid robot

🌍 Top 25 Companies in Humanoid Robotics

These companies are crucial to the development and production of humanoid robots, because without them, crucial parts of the chain would be missing:

Chips & computing power (the robots’ brains)

$NVDA (+0,52%) Nvidia (US) – AI GPUs & Isaac platform, the foundation for robotics AI

$2330 TSMC (TW) – the world’s leading foundry, produces AI chips

$ASML (+0,44%) ASML (NL) – EUV lithography, indispensable for chip manufacturing

$005930 Samsung Electronics (KR) – memory, logic, foundry

$HY9H SK Hynix (KR) – DRAM & NAND memory for AI

$MU (-0,17%) Micron (US) – memory solutions for AI workloads

My top pick in the sector is ASML

Sensors & Perception (Robots’ Senses)

$SONY Sony (JP) – Image sensors, market leader

$6861 (+0,4%) Keyence (JP) – Industrial Sensors & Vision Systems

$CGNX (-0,12%) Cognex (US) – Machine vision, precise image processing

My top pick in this sector is Keyence

Actuators & Motion (Robot Muscles)

$IFX (-1,52%) Infineon (DE) – Power Electronics, Motor Control

$6594 (+0,27%) Nidec (JP) – Global market leader in electric motors

$PH Parker-Hannifin (US) – Hydraulics/Pneumatics, Motion Control

$6481 (-1,79%) THK (JP) – Linear guides & actuators

My top pick in this sector is Parker-Hannifin

Communications, Cloud & Infrastructure (Nerves & Data Flow)

$QCOM (-0,16%) Qualcomm (US) – Mobile & edge chips

$AMZN (+0,31%) Amazon AWS (US) – Cloud & AI infrastructure

$MSFT (+0,33%) Microsoft Azure (US) – Cloud, AI services

$CSCO (+0,24%) Cisco (US) – Networks & Security

$VRT Vertiv Holdings (US) – Data Center Infrastructure

My top pick in this sector is Microsoft

End-User Applications & Platforms (Robots Themselves)

$TSLA (-0,08%) Tesla (US) – humanoid robots Optimus

$ABBN (-0,41%) ABB (CH/SE) – Robotics & Automation

$6954 (-0,19%) Fanuc (JP) – industrial robots & CNC systems

$7012 (-0,28%) Kawasaki Heavy Industries (JP) – industrial robots

PAL Robotics (ES) – humanoid robots (TALOS, ARI, TIAGo) – not a publicly traded company

Neura Robotics (DE) – cognitive humanoid robots – not a publicly traded company

Universal Robots (DK) – cobots

My top pick in the sector is Tesla

🇪🇺 Top 10 European Key Companies in Humanoid Robotics

$ASML (+0,44%)
ASML (NL)

Global market leader in EUV lithography – without ASML, there would be no modern chips for AI & robotics.

$IFX (-1,52%) Infineon (DE)

A leader in power electronics and motor control—crucial for the actuators of humanoid robots.

$STM (-0,48%)
STMicroelectronics (FR/IT)

Sensors, microcontrollers, and power chips—the foundation for control and perception.

$SAP (-0,39%)
SAP (DE)

ERP & data platforms, essential for integrating humanoid robots into industrial processes.

$SIE (-0,64%)
Siemens (DE)

Industrial software, automation, Digital Twin—key to engineering and lifecycle management.

$KU2 KUKA (DE)

Robotics pioneer, industrial robots & automation—expertise in humanoid motion mechanics.

PAL Robotics (ES) - not a publicly traded company

Specialist in humanoid robots (TALOS, ARI, TIAGo), used internationally in research and service.

Neura Robotics (DE) - not a publicly traded company

Young high-tech company developing cognitive humanoid robots with advanced AI (4NE-1).

Universal Robots (DK) - not a publicly traded company

Market leader in cobots—a platform for safe human-robot collaboration.

Engineered Arts (UK) - not a publicly traded company

Develops humanoid robots such as Ameca, known for realistic facial expressions and gestures—important for HRI (Human-Robot Interaction)

🌏 Top 10 Key Asian Companies in Humanoid Robotics

$2330
TSMC (Taiwan)

The world’s largest semiconductor foundry, producing high-end chips (e.g., Nvidia, AMD, Apple)—without TSMC, there would be no AI hardware.

$005930
Samsung Electronics (South Korea)

Foundry, memory, logic chips, image sensors—extremely broad portfolio of robotics components.

$HY9H
SK Hynix (South Korea) – Memory

$SONY
Sony (Japan)

Market leader in CMOS image sensors, essential for robotic vision and perception.

$6861 (+0,4%)
Keyence (Japan)

Sensors and machine vision for industrial automation, widely used in robotics.

$6954 (-0,19%)
Fanuc (Japan)

Industrial robots and CNC systems; one of the world’s leading manufacturers of robotics hardware.

$6506 (+0,36%)
Yaskawa Electric (Japan)

Drives, motion control, and robotic arms—relevant for humanoid motion control.

$6594 (+0,27%)
Nidec (Japan)

Global market leader in electric motors (ranging from mini motors to high-performance drives).

$7012 (-0,28%)
Kawasaki Heavy Industries (JP) – Industrial robots

$9618 (+1,03%)
JD.com (China)

A driving force in robotics for e-commerce and logistics; invests in humanoid robotics applications

I have $BSL (+0%) in my portfolio since the beginning (2019), an eternal up and down and a lot of pain. Why is it now rising so sharply again?

October 22, 2024

SAP's quarterly results beat expectations + STOCKS IN FOCUS: Fresenius and FMC rise—optimism ahead of quarterly results + Jefferies downgrades Basler to 'Hold'—target price nearly halved to 7 euros +

SAP $SAP (-0,39%) reports an unexpectedly strong 27% increase in adjusted pre-tax profit to 2.24 billion euros in the third quarter and raises its full-year forecast. SAP shares rise 4% in after-hours trading.

Investors in Fresenius $FRE (+0,44%) and Fresenius Medical Care $FME (+0,76%) appear to be gaining confidence ahead of the quarterly earnings report due in early November. Fresenius shares, listed on the DAX, rose 1.4 percent in early afternoon trading—the best performer in the index—in an attempt to shake off the somewhat weaker trend seen since mid-September. Shares of Fresenius’s subsidiary FMC rose 2.1 percent on the MDAX, though they remained just below their interim high from early October. If they were to reach that level, they would be trading at prices last seen in mid-June. The third quarter is typically the weakest for the medical group Fresenius, but management is likely to convey optimism, wrote Berenberg analyst Victoria Lambert. It was not until mid-October that the company expressed confidence in reaching the upper end of its target range for full-year operating profit (EBIT). For dialysis provider FMC, growth in treatment volumes is likely to have finally turned positive in the third quarter, offsetting the impact of the mortality rate, according to the expert.

The research firm Jefferies has downgraded Basler $BSL (+0%) from “Buy” to “Hold” based on the latest figures and nearly halved the price target from 13.50 to 7 euros. The machine vision specialist surprised the market with a comparatively sharp slowdown in order intake, wrote analyst Martin Comtesse in a report released on Tuesday. This followed three quarters of improvement. A profit warning, restructuring, and management changes were the consequences of the third quarter.

Tuesday: Stock Market Events, Economic Data, Quarterly Results

Ex-dividend dates for individual stocks

Dell $0.45

Quarterly Results / Corporate Events in the U.S. / Asia

12:30 3M | GE Aerospace | General Motors | RTX Quarterly Earnings

1:00 p.m. Philip Morris | Verizon Communications quarterly earnings

1:30 p.m. Lockheed Martin quarterly earnings

10:00 PM Texas Instruments Quarterly Earnings

No time specified: Paccar Quarterly Earnings

Quarterly Earnings / Corporate Events in Europe

3:00 a.m. Logitech quarterly earnings

2:00 p.m. Logitech earnings call

6:00 p.m. Flatexdegiro | Vivendi quarterly earnings | L'Oréal SA, 3Q revenue

7:00 p.m. Deutsche Börse quarterly results

No time specified: Givaudan SA: Start of Investor Day (through Oct. 23) | Randstad Quarterly Results | Tecan: Capital Markets Day

Economic Data

11:00 a.m. EU: Public Finances (2nd release) 2023 | Public Debt 2Q

11:00 a.m. Germany: German Savings Banks and Giro Association (DSGV), press conference on the 2024 Wealth Barometer

2:30 p.m. US: Philadelphia Fed Services Index 10/24

3:00 PM US: International Monetary Fund (IMF), World Economic Outlook

3:15 p.m. US: ECB Governing Council Member Nagel, Speech at Harvard University

4:00 PM US: Richmond Fed Manufacturing Index 10/24

4:00 PM US: ECB President Lagarde, interview with Bloomberg TV

4:30 p.m. US: U.S. Treasury Secretary Yellen, press conference at the start of the IMF and World Bank Annual Meetings

5:00 p.m. US: ECB Chief Economist Lane, interview at the New York Fed’s central bank seminar

Small August update

I have now sold most of my shares after all $BSL (+0%) shares, with a total gain of 663%. I still have 300 shares in my portfolio. I'll leave them there and see how the journey continues.

I have already reinvested some of the money that has been freed up. I bought additional shares in $EUZ (-0,29%) and the $XD5E (-0,16%) (1000€ each). With the Swiss (2500CHF) I bought from $LAND (+0,46%), $BION (+0,86%) and the $VHYL (-0,02%) and the

I also bought more American shares in individual savings plan candidates. A total of 1900$ and an additional 1000$ one-off purchase in $CVS (+0,36%) have flowed into the dollar portfolio.

So much for the investments, there is still some left over from the sale. This will probably be invested in new wheels for my racing bike, hopefully with some protection against inflation. So hopefully I'll add a few more kilometers on new wheels to the 3100km I've ridden so far this year.

Today comes the $ULVR (+0,14%) dividend. This is already enough for a good crate of wine, just in time for vacation.

Here's to a successful September!