We have also struck at Teamviewer. The software company from Göppingen is hardly directly affected by the tariffs, but is nevertheless being punished on the stock market.

In a multiple comparison with other software groups, we believe that TeamViewer is fundamentally undervalued. We have therefore increased our position in the company and taken advantage of the current correction.

TeamViewer is the global market leader for remote desktop applications. However, contrary to what US analysts regularly confuse, it is not a direct competitor of $MSFT (+1,32%) Teams or $ZM (-0,05%)

TeamViewer is used more for the remote control of machines or cash register systems. The share of sales generated by large corporations is also growing year on year.

What do you think of the purchase?

As every Sunday, the most important news from the past week, as well as the dates for the coming week.

Also as a video:

https://youtube.com/shorts/cpIdQFYiLeY?si=gaKXoxc1Q7c_VbNC

Sunday:

Due to industrial overcapacity, deflation is depressing prices in China. Prices there fell by an average of 0.7% compared to the same month last year. The reason for the decline was probably a high basis for comparison from the previous year, as well as government programs to boost consumption.

https://www.handelsblatt.com/finanzen/geldpolitik/deflation-verbraucherpreise-in-china-sinken-nach-13-jahren-erstmals-deutlich/100112409.html

Monday:

$HFG (+0,85%) Hellofresh shocks the markets with a sales warning, down more than 10%. Analysts at JP Morgan continue to see the price target at 15 euros. This is because EBITDA is expected to rise again. Hellofresh is dispensing with expensive marketing campaigns, which hurts sales but may increase profits.

https://www.deraktionaer.de/artikel/aktien/hellofresh-schockt-mit-umsatzprognose-aktie-rauscht-nach-unten-20376335.html

Tuesday:

$VOW3 (+1,74%) Volkswagen is struggling with a drop in sales and profits. Overall, 2.3% fewer vehicles were sold. Sales for 2024 increased minimally by one percent to 324.7 billion euros. Profit fell from 17.8 to 12.3 billion euros.

https://m.bild.de/geld/wirtschaft/zahlen-fuer-2024-volkswagen-gewinn-bricht-um-30-6-prozent-ein-67cfda107831137d2727f9c3

Wednesday:

$P911 (-0,66%) Porsche earns significantly less. Similar to VW, profits are down by around 30%. The dividend is to remain stable. Turnover is also expected to stagnate in 2025.

https://www.handelsblatt.com/unternehmen/industrie/porsche-gewinn-sinkt-um-30-prozent-dividende-bleibt-stabil/100111337.html

Not only is Rheinmetall's share price rising $RHM (+0,16%) Rheinmetall is rising, sales are also increasing significantly. Rheinmetall could grow by 34% in 2024. Growth of 25-30% is also expected for 2025. Rheinmetall achieved sales of just under 10 billion euros in 2024. The order backlog grew to 55 billion euros. The dividend is set to rise from 5.70 to 8.10 euros per share.

https://www.handelsblatt.com/unternehmen/industrie/rheinmetall-ruestungskonzern-steigert-umsatz-um-36-prozent-dividende-erhoeht/100112608.html

$TMV (+1,33%) Teamviewer is celebrating its 20th anniversary, which means the tech company from Göppingen has been around longer than the average lifespan of a German company (around 12 years). Click here for a summary of the company's history:

https://www.finanzen.at/nachrichten/aktien/teamviewer-konzerngeschichte-deutschlands-unsichtbarer-tech-champion-mit-globaler-reichweite-1034321282

US inflation data comes in lower than expected, market bounces back. Compared to the same month last year, prices rose by 2.8%. An increase of 2.9% was expected.

https://finanzmarktwelt.de/inflation-us-verbraucherpreise-niedriger-jetzt-wird-bestimmt-alles-gut-342006/

Thursday:

The fashion group $BOSS (-0,07%) Hugo Boss from Metzingen wants to increase its dividend to 1.40 euros per share. At 4.31 billion euros, turnover was three percent above the previous year's figure and higher than ever before. Declining sales in China were a particular burden on the Group. Profit therefore fell by 17% to 217 million euros. In the coming year, turnover is expected to stagnate, but profitability is set to increase.

https://fashionunited.de/nachrichten/business/trotz-umsatzrekord-jahresgewinn-von-hugo-boss-sinkt-um-17-prozent/2025031360615

Companies such as $DTG (+2,36%) Daimler Truck fell significantly after Donald Trump announced that he would relax the emissions regulations for trucks. Daimler in particular has invested billions of dollars in recent years to make its trucks environmentally friendly.

https://www.finanzen.net/amp/trump-im-fokus-daimler-truck-aktie-verliert-aufgrund-von-ergebnissorgen-zweistellig-14313701

With the inflation rate in the USA already below expectations, producer prices are also below expectations. This is particularly interesting, as producer prices are a leading indicator for inflation in the future.

https://www.ariva.de/amp/usa-erzeugerpreise-steigen-weniger-als-erwartet-11567717

Friday:

As with $VOW3 (+1,74%) VW, BMW's profits are also on the decline. BMW achieved a profit of 7.7 billion euros, 37% less than a year ago. Turnover fell by 8.2% to 142 billion euros. China is the main problem for BMW.

https://www.saarbruecker-zeitung.de/nachrichten/wirtschaft/gewinn-bei-bmw-sackt-ab-die-ganz-fetten-jahre-sind-vorbei_aid-125213969

These are the most important dates for the coming week:

Wednesday: 04:00 Interest rate decision (Japan)

Wednesday: 19:00 Interest rate decision (USA)

Thursday: 12:00 Interest rate decision (BoE)

Can you think of any other dates? Write it in the comments 👇

#usa #interest #japan

$TMV (+1,33%) The TeamViewer share has not exactly shone recently. Nevertheless, I see good growth opportunities. I find the trend towards unattended vending machines particularly exciting. More and more companies are relying on remote maintenance to control these machines efficiently. This is exactly where TeamViewer could benefit greatly. If they do it cleverly, there is still a lot of room for improvement. What do you think? Will the share remain a slow seller or is there more to it?

$TMV (+1,33%) Does anyone know why insiders are hitting here?

As every Sunday, the most important news from the past week, as well as the most important dates for the coming week.

Also as a video:

https://youtube.com/shorts/qwz6dsaeNi4?si=uQ4zQHw4NJjDUFFf

Monday:

$MCD (+0,23%) McDonalds delivers surprisingly poor figures. In the USA, sales fell by 1.4 % in the 4th quarter; experts had only forecast a fall of 0.4 %. Adjusted profit also fell by 5 % to USD 2.04 billion. However, McDonalds grew worldwide and surprised analysts positively.

https://www.handelsblatt.com/unternehmen/handel-konsumgueter/fastfood-mcdonalds-mit-ueberraschend-hohen-einbussen-im-us-geschaeft/100106947.html

Tuesday:

Turnover at the French luxury goods conglomerate $KER (+0,67%) Kering declines significantly. The main reason for this is weak figures at the Italian subsidiary Gucci. Overall, turnover fell by 12% to 17.2 billion euros in 2024. The slump in consumption in China in particular is weighing on earnings. However, Pinault is seeing the first signs of recovery from China.

https://www.handelsblatt.com/unternehmen/industrie/geschaeftszahlen-im-newsblog-tui-erwirtschaftet-hoeheren-gewinn-jahresziele-unveraendert-/24098412.html

Wednesday:

$TMV (+1,33%) TeamViewer shines with strong figures and is optimistic. Double-digit growth is planned again from 2027. The Göppingen-based company aims to generate sales of one billion euros as early as 2028. On balance, Teamviewer generated a profit of 123.1 million euros in 2024.

https://www.t-online.de/finanzen/boerse/ticker/teamviewer-will-mittelfristig-zurueck-zu-zweistelligem-wachstum/0DB4980021007F08/

US inflation data is somewhat hotter than expected, causing the markets to slump. Experts were expecting an inflation rate of 2.9% for January, which turned out to be 3.0%.

https://www.handelsblatt.com/finanzen/geldpolitik/verbraucherpreise-us-inflation-steigt-im-januar-ueberraschend-auf-drei-prozent/100106814.html

$CSCO (+1,16%) Cisco raises its forecast and exceeds sales expectations. The reason for this is the high demand from companies for AI infrastructure. This is one of the reasons why Cisco is also increasing its dividend.

https://www.ariva.de/amp/ki-boom-hilft-netzwerkausruester-cisco-11534732

Thursday:

The world's largest and probably most controversial food company is growing again. $NESN (-1,74%) Nestlé is planning a dividend increase. Sales increased by 2.2 % excluding exchange rate effects. Profit fell by 2.9 % to 10.9 billion Swiss francs.

https://www.nzz.ch/wirtschaft/nestle-waechst-wieder-aus-eigener-kraft-ld.1870435

Friday:

The US economy 🇺🇸 suffered a double setback in January. Retail sales and industrial production were down. Retail sales fell by the most in two years. This was due to the low temperatures and customs duties. Industrial production fell, as economists had expected. The production of motor vehicles in particular was responsible for the decline.

https://de.tradingview.com/news/invezz:f6400bd08600c:0/

These are the most important dates for the coming week:

Monday: 00:50 GDP figures (Japan)

Wednesday: 20:00 FOMC minutes (USA)

Thursday: 08:00 Producer prices (DE)

Can you think of any other dates? Write it in the comments 👇

#bip
#japan
#fomc
#erzeugerpreise

Super Micro Computer lowers revenue forecast for 2025 + Teamviewer aims for double-digit growth again + Siemens Energy confirms forecast + Weak device business weighs on Carl Zeiss Meditec

Super Micro Computer $SMCI (+1,1%)sees higher Q2 results

• Super Micro Computer (SMCI) late Tuesday reported preliminary Q2 non-GAAP earnings of $0.58 to $0.60 per diluted share, up 5% from a year ago.
• Analysts polled by FactSet had expected $0.61.
• Preliminary net revenue for the quarter ended Dec. 31 was $5.6 billion to $5.7 billion, up 54% from the year-ago period.
• Analysts polled by FactSet had expected $5.77 billion.
• For Q3, the company expects non-GAAP earnings per share of $0.46 to $0.62 on revenue of $5 billion to $6 billion.
• Analysts surveyed by FactSet expect $0.65 billion and $5.92 billion, respectively.
• For fiscal 2025, the company now expects revenue of $23.5 billion to $25 billion compared to its previous guidance of $26 billion to $30 billion.
• Analysts surveyed by FactSet expect $24.11 billion.
• The company's shares rose 3.6% in after-hours trading.

Teamviewer $TMV (+1,33%)wants to return to double-digit growth in the medium term

• The software provider Teamviewer intends to accelerate its growth again in the coming years by expanding IT automation and digitally transforming the industry.
• From 2027, the MDAX-listed company aims to return to double-digit percentage annual revenue growth, as the Göppingen-based company announced on Wednesday. By 2028, turnover is expected to climb above one billion euros.
• According to the plans of CEO Oliver Steil, the revenue share of large corporate customers in the so-called enterprise business should then grow to over 40 percent of total revenue, compared to less than a quarter in 2024.
• The higher profitability of the business is expected to increase the Group's adjusted operating margin (adjusted EBITDA) to between 44% and 45%.
• For the current year, the specialist for remote maintenance software has set itself the target of currency-adjusted revenue growth of 5.1% to 7.7%.
• This would correspond to pro forma sales of 778 to 797 million euros, compared to 740 million in the previous year.
• The pro forma figures are based on the assumption that the acquisition of 1E, which was completed at the end of January 2025, would have taken place at the beginning of 2024.
• Teamviewer in its current form is expected to generate revenue of EUR 697 million to EUR 712 million - analysts had previously assumed a figure at the lower end of the range on average.
• The pro-forma adjusted operating margin should be around 43% in 2025.
• Teamviewer had already presented key figures for 2024.
• Revenue increased by 7 percent to 671.4 million euros.
• The adjusted operating margin was 44 percent.
• Below the line, Teamviewer achieved a profit of 123.1 million euros after 114 million euros a year earlier.

Siemens Energy $ENR (+2,01%)confirms forecast

• Following a robust first quarter, the energy technology group Siemens Energy has confirmed its forecast for the current fiscal year 2024/25.
• Comparable revenue is expected to increase by eight to ten percent in the fiscal year ending September 2025, the company announced on Wednesday when presenting detailed figures.
• The management expects the adjusted operating margin to be between three and five percent.
• The grid and gas technology businesses in particular are expected to contribute to this.
• The Munich-based company is still aiming for an after-tax profit of around the break-even point.
• In the first quarter (as of the end of December), Siemens Energy benefited from continued good business and increased sales year-on-year from 7.65 billion to 8.9 billion euros.
• The operating result adjusted for special effects increased from 208 to 481 million euros.
• The gas business made the largest contribution to earnings, followed by grid technology.
• The Group thus confirmed preliminary figures from the end of January.
• Although earnings after tax fell from 1.6 billion to 252 million euros, Siemens Energy had benefited in the same quarter of the previous year from the sale of shares in its Indian energy business to the former parent company Siemens.

Weak equipment business weighs on Carl Zeiss Meditec $AFX (+0,51%)

• Continued weak demand, particularly in the equipment business, has overshadowed the start to the new fiscal year for medical technology provider Carl Zeiss Meditec.
• Thanks to the recent acquisition of Dutch Ophthalmic Research Center (D.O.R.C.), the company's revenue increased by a good 3 percent to around 491 million euros in the first three months of the financial year to the end of December.
• Adjusted for the acquisition and currency effects, however, there was a decline of 7 percent, the company announced in Jena on Wednesday.
• However, incoming orders and orders on hand increased significantly, according to the information provided, which has led to cautious optimism among management.
• The recovery in orders, coupled with a good response to the company's new products, "gives us confidence that we will return to solid organic growth in the coming months," said Group CEO Markus Weber.
• The management confirmed the targets for the year.
• These envisage moderate sales growth and a stable to slightly higher operating result (Ebita).
• However, this key figure fell significantly in the first quarter to 35.2 million euros, compared to 46 million euros in the previous year.

Wednesday: Stock market dates, economic data, quarterly figures

• ex-dividend of individual stocks
• Exxon Mobil USD 0.99
• Target 1.12 USD
• Paccar USD 0.33

• Quarterly figures / company dates USA / Asia
• 08:30 Softbank Group quarterly figures
• 13:00 Kraft Heinz quarterly figures
• 22:00 Cisco Systems quarterly figures

• Quarterly figures / Company dates Europe
• 07:00 Carl Zeiss Meditec | Siemens Energy | Teamviewer | Essilor-Luxottica | Heidelberger Druckmaschinen | ABN Amro | Heineken quarterly figures
• 07:25 Telecom Italia preliminary annual results and strategy 2025-2027
• 07:30 Voestalpine 9 months results | Jenoptik preliminary annual results
• 07:45 Ahold Delhaize annual results
• 08:00 Verbio half-year figures
• 10:00 Deutsche Börse BI-PK | Voestalpine PK
• 10:30 Siemens Energy analyst and press conference
• 14:00 Verbio Analyst Conference
• 17:40 Michelin annual results

• Economic data

14:30 US: Consumer prices January PROGNOSE: +0.3% yoy/+2.9% yoy previous: +0.4% yoy/+2.9% yoy Core Consumer Prices PROGNOSE: +0.3% yoy/+3.1% yoy previous: +0.2% yoy/+3.2% yoy

14:30 US: Real income January

16:00 US: Fed Chairman Powell, hearing in the Financial Services Committee of the US House of Representatives

16:30 US: Crude oil inventory data (week) from the government Energy Information Administration (EIA) previous week

18:00 US: Fed Atlanta President Bostic, speech at National Association ofCorporate Directors (NACD)

18:30 UK: Governing Council member Nagel, speech on "r* in the monetary policy universe: navigational star or dark matter?"

As every Sunday, the most important news of the last week, as well as the three most important dates of the coming week.

Also as a video:

https://youtube.com/shorts/uFwVbCNGMd4?si=R4ReCZQl2ud6wUW-

Monday:

$9868 (-3,1%) Xpeng and $VOW3 (+1,74%) VW deepen their partnership in China 🇨🇳. Among other things, they are opening up their fast-charging networks to each other. New charging stations are also to be built jointly. VW holds a 5% stake in Xpeng.

https://www.handelsblatt.com/unternehmen/industrie/autobauer-xpeng-und-volkswagen-erweitern-ihre-partnerschaft-in-china/100098791.html

$BOSS (-0,07%) Hugo Boss wants to further strengthen the brand and has brought brand expert James Foster on board for this purpose. Foster was most recently head of marketing at Netflix in EMEA and worked at IKEA and Adidas.

https://www.absatzwirtschaft.de/neuer-globaler-marketingchef-bei-hugo-boss-265528/

Inflation is clearly above expectations and is therefore depressing sentiment for the time being. In December, inflation stood at 2.6% Economists had expected 2.4%. The inflation rate is also likely to remain well above the 2.0% target in January. This is due to higher CO2 prices and a more expensive ticket to Germany.

https://www.handelsblatt.com/finanzen/geldpolitik/inflation-teuerungsrate-steigt-in-deutschland-auf-26-prozent/100098327.html

The USA 🇺🇸 puts Tencent on a list of companies that allegedly support the Chinese military. The share loses significantly.

https://de.marketscreener.com/kurs/index/DOW-JONES-INDUSTRIAL-4945/news/USA-fugen-Tencent-und-CATL-der-Liste-chinesischer-Firmen-hinzu-die-angeblich-Pekings-Militar-unte-48689565/

Tuesday:

A cooperation between $NVDA (+4,72%) NVIDIA, $KGX (+5,51%) Kion and $ACN (+0,97%) Accenture to optimize supply chains causes Kion shares to rise significantly. Kion and Accenture are relying on AI from NVIDIA for optimization.

https://www.ariva.de/amp/ki-anwendungen-kion-arbeitet-mit-nvidia-zusammen-11493206

Wednesday:

$TMV (+1,33%) Teamviewer announces via ad hoc that it has exceeded its forecast for the year. Turnover increased by 9% in 2024. In total, it will probably be 671 million euros. The forecast was 662 - 668 million euros. This was mainly due to new billings and significant contracts signed with major customers.

https://www.boerse.de/nachrichten/EQS-Adhoc-TeamViewer-SE-TeamViewer-erzielt-Jahresumsatz-2024-von-ca-671-Mio-EUR-9-Prozent-waehrungsber-ggue-VJ-und-uebertrifft-Prognose-ausschlaggebend-waren-hoehere-Billings-von-ca-700-Mio-EUR-im/36874269

Retail sales have been growing again for 2 years. In real terms, however, the level is still below that of 2021. Compared to the previous month, sales have fallen more sharply than expected. However, the overall consumer mood among Germans is on the rise. The GfK consumer barometer climbed by 1.8 points to -21.3 points.

https://www.handelsblatt.com/unternehmen/handel-konsumgueter/handel-deutsche-einzelhaendler-steigern-umsatz-im-jahr-2024/100099305.html

Donald Trump is calling for more military spending and also wants to annex three countries - Canada, Panama and Greenland. This is not only highly dangerous rhetoric, but above all in the interests of Russia and China, who are planning to do the same with Ukraine and Taiwan. If Trump follows up his words with action, this would put the 'ambitions' of China and Russia into perspective

Thursday:

The Chinese fast clothing delivery service Shein probably wants to go public in the first half of the year. The IPO is planned for London. Shein is headquartered in Singapore.

https://www.handelsblatt.com/unternehmen/handel-konsumgueter/shein-billigmode-haendler-plant-boersengang-wohl-im-ersten-halbjahr/100099587.html

Friday:

$1913 (+0,56%) Prada is probably planning to take over the Italian fashion house Versace. Versace is currently part of the Capri holding company. A sale of the entire holding company for 8.5 billion euros has failed. Individual brands such as Versace and Jimmy Choo are now up for sale.

https://www.handelsblatt.com/unternehmen/handel-konsumgueter/luxusmarken-prada-an-uebernahme-von-versace-interessiert/100099688.html

The labor market report from the USA is significantly better than expected. This could lead to the Fed lowering interest rates more slowly than previously assumed. The unemployment rate fell to 4.1%, expected: 4.2%. A total of 256,000 new jobs were created, compared to an expected 155,000.

https://www.handelsblatt.com/politik/international/konjunktur-us-arbeitsmarktbericht-faellt-ueberraschend-gut-aus/100099726.html

$NLM (+0,71%) Frosta exceeded the profit forecast. As expected, turnover amounted to 638.1 million euros. Profit rose to 42.1 million euros and was thus significantly higher than in the previous year (34.1 million euros). The profit margin was also above expectations at 6.6%.

https://www.4investors.de/nachrichten/amp/boerse.php?sektion=stock&ID=181168

These are the most important dates for the coming week:

🇺🇸

Tuesday: 14:30 Producer prices (USA)

Wednesday: 14:30 Inflation data (USA)

Friday: 15:15 Industrial production (USA)

Can you think of any other dates? Write it in the comments 👇

#termine
#inflation
#industrie
#usa

$TMV (+1,33%)

All in men and women

As long as there is no StaRug you can enter

TeamViewer $TMV (+1,33%) achieves annual revenue 2024 of approx. 671

million (+9 % at constant currency compared to the previous year) and exceeds forecast -

Higher billings of approx. EUR 700 million in the full year were the decisive factor