Elevator Pitches, Company Presentations & Financial Results from Publicly Listed European Companies

Solutiance AG Elevator Pitch PresentationIn this Elevator Pitch on seat11a, Jonas Enderlein, CEO of Solutiance AG, explains how the company combines technology and physical services to digitalise facility management for owners and operators of real estate portfolios.Digitalising Traditional Facility ManagementSolutiance addresses a structural weakness in traditional facility management: services and software are typically separated. Conventional service providers perform the required work on site, but analogue processes can result in inefficient workflows, inconsistent service quality and insufficient data. Standalone software can provide a better technological foundation, but requires implementation, training and upfront investment while still depending on users to maintain complete and accurate information.Smartsourcing Model and Facility Scanner PlatformSolutiance combines these two worlds through its Smartsourcing model. Its own employees and external service providers work within digital processes supported by Solutiance's technology and, increasingly, artificial intelligence. At the centre is the company's Facility Scanner platform, which coordinates workflows and captures the information generated during service delivery.Digital Twin Technology for Real Estate PortfoliosAs work is performed, Solutiance creates a digital twin of the building for the relevant trade. Property owners therefore receive both the physical service and a continuously developing digital data foundation. This allows customers to monitor service delivery, access asset information and make decisions based on portfolio data rather than relying primarily on manual reporting or incomplete information.Recurring Revenue and Subscription-Based ServicesThe commercial model combines an initial onboarding fee for creating the digital twin with subsequent subscription-based services. According to management, this means that the majority of Solutiance's revenue is either recurring or returning. Every service performed also leaves a digital trace within Facility Scanner, potentially strengthening the data foundation and customer relationship over time.Scalable Technology Platform and Artificial IntelligenceThe model is designed to be highly scalable. As Solutiance adds services, it can use the existing technology infrastructure, digital processes, property data and service network across a broader part of the customer's building portfolio. AI provides another potential efficiency lever as more workflows become automated or digitally supported.Long-Term Vision for Full-Service Property CoverageThe company's longer-term vision is particularly important to the equity story: Solutiance intends to continuously expand its service portfolio until it can provide full-service property coverage, effectively enabling customers to operate complete buildings through Solutiance's technology and service ecosystem.▶️ Other videos:Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/Company Presentation: https://seat11a.com/investor-relations-company-presentation/Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/ESG Presentation: https://seat11a.com/investor-relations-esg/T&CThis publication is for informational purposes only and does not constitute investment advice. By using seat11a.com, you agree to our terms and conditions outlined on www.seat11a.com/legal and www.seat11a.com/imprint.

BRAIN Biotech AG 9M 2025/26: Key TakeawaysIn this Financial Results presentation on seat11a, Michael Schneiders, CFO of BRAIN Biotech AG, presents the company's 9M FY 2025/26 Financial Results and discusses the performance of BRAINBiocatalysts and BRAINBioIncubator, profitability, cash flow, financing, the upcoming CEO transition and the updated full-year outlook.9M FY 2025/26 Revenue and Segment PerformanceBRAIN Biotech generated revenue of €34.6 million during the first nine months of FY 2025/26, representing a decline of 10.5% year-on-year. The development primarily reflects weaker performance in BRAINBiocatalysts, where revenue declined 13.3% to €30.8 million. BRAINBioIncubator developed in the opposite direction, increasing revenue 21% to €3.9 million as the company continued to realise value from its innovation portfolio.BRAINBiocatalysts and Enzyme Business DevelopmentDuring Q3, BRAINBiocatalysts revenue was sequentially stable compared with Q2 but remained below the prior-year period. Management attributes the weaker development to a high comparison base, subdued demand for baking enzymes and initial operational challenges at the new Netherlands production facility. The enzyme-related contract research business, however, remained solid and is expected to continue performing well through the remainder of the financial year.Adjusted EBITDA and BRAINBioIncubator MilestonesAdjusted Group EBITDA amounted to minus €0.7 million for the nine-month period. Management continues to focus on cost control, including lower headcount, while BRAINBioIncubator milestone income is increasingly contributing to Group performance. The BioIncubator recorded a €1 million Pharvaris-related milestone during the first nine months, with another €1 million expected to be recognised in Q4. The FDA acceptance of the NDA for deucrictibant represents another important development within the portfolio.Financing, Cash Flow and Netherlands Production InvestmentThe Group has also strengthened its financing position. BRAIN secured a €9 million revolving credit line, while an additional €11.51 million Royalty Pharma milestone was received in Q4. Operating cash flow improved substantially year-on-year to minus €3.6 million, while investment in the new Netherlands production site was largely completed during Q3.CEO Transition to Dr. Sven K. WeberBRAIN is simultaneously preparing for a management transition. Dr. Sven K. Weber will become CEO on 1 October 2026, succeeding Adriaan Moelker. Weber brings significant experience in enzymes and will take over as BRAIN continues to pursue its long-term strategy of profitable specialty-enzyme growth and its ambition to become one of the world's top-ten global enzyme companies.Updated FY 2025/26 GuidanceFollowing the weaker development of BRAINBiocatalysts, management adjusted its FY 2025/26 segment guidance. Biocatalysts revenue is now expected to be below the previous financial year's level and the adjusted EBITDA margin below the previously anticipated level of around 10%. Conversely, BRAINBioIncubator guidance was raised, with revenue now expected at approximately €6 million and adjusted EBITDA above €1 million. Adjusted Group EBITDA is still expected to be around break-even for the full year.▶️ Other videos:Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/Company Presentation: https://seat11a.com/investor-relations-company-presentation/Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/ESG Presentation: https://seat11a.com/investor-relations-esg/T&CThis publication is for informational purposes only and does not constitute investment advice. By using seat11a.com, you agree to our terms and conditions outlined on www.seat11a.com/legal and www.seat11a.com/imprint.

eDreams ODIGEO Q1 FY2027 Financial Results PresentationIn this Financial Results presentation on seat11a, Christoph Dieterle, CFO of eDreams ODIGEO, presents the company's Q1 FY2027 Financial Results and discusses Prime subscriber growth, international and product expansion, profitability, cash generation and the company's long-term growth strategy.Prime Subscriber Growth and Q1 FY2027 PerformanceeDreams ODIGEO started FY2027 with performance ahead of market estimates, while simultaneously entering the peak investment year of its multi-year strategic roadmap. Prime added 173,000 net subscribers during the quarter, taking total membership to 8.1 million, an increase of 8% year-on-year. The company remains on track to reach its FY2027 target of 8.5 million Prime members.Prime Subscription Business as the Economic CorePrime has become the economic core of eDreams ODIGEO. The subscription business now generates approximately 90% of Cash Marginal Profit and 77% of revenue, with Prime revenue reaching €128.4 million during the quarter. Total Revenue Margin amounted to €165.5 million.International Expansion and Product DiversificationThe company is increasingly diversifying beyond its traditional European flight business. Revenue from markets outside eDreams ODIGEO's core European base increased 5% and now represents 27% of total revenue, up from 24% a year earlier. Product diversification is also progressing, with rail already accounting for a double-digit share of new Prime members in Spain, the company's most advanced rail market.Adjusted EBITDA, Cash EBITDA and Strategic InvestmentsFinancial performance during the quarter reflects eDreams ODIGEO's deliberate investment strategy. Adjusted EBITDA was €28.9 million and Cash EBITDA €23.0 million, both ahead of market estimates according to the company. The lower year-on-year profitability reflects planned investment in acquiring new members, entering additional geographies and expanding Prime across new travel verticals. Management expects these investments to support significantly higher growth from FY2028 onwards.Cash Generation, Liquidity and Share Buyback ProgrammeThe business continues to generate sufficient cash to finance this expansion internally. Cash and cash equivalents increased to €73.0 million, total liquidity reached €237.1 million, and net financial debt improved year-on-year. At the same time, the company continues its shareholder remuneration programme, with approximately €38 million already repurchased under its €100 million buyback programme.FY2027 Prime Subscriber and EBITDA TargetsFor FY2027, eDreams ODIGEO targets 600,000 net Prime additions, 8.5 million members, €167 million of Adjusted EBITDA before investments and €115 million of Cash EBITDA after investments. Cash EBITDA growth is expected to resume from Q4 FY2027.2030 Strategy for a Global Multi-Product Travel Subscription PlatformThe longer-term ambition is substantially larger. By March 2030, eDreams ODIGEO aims to transform Prime into a truly global, multi-product travel subscription platform with 13 million members and more than €270 million in Cash EBITDA. ..read more on https://seat11a.com/company/edreams-odigeo-financial-results-q1-2026/▶️ Other videos:Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/Company Presentation: https://seat11a.com/investor-relations-company-presentation/Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/ESG Presentation: https://seat11a.com/investor-relations-esg/T&CThis publication is for informational purposes only and does not constitute investment advice. By using seat11a.com, you agree to our terms and conditions outlined on www.seat11a.com/legal and www.seat11a.com/imprint.

Kontron AG First Half 2026 Financial Results PresentationIn this Financial Results presentation on seat11a, Clemens Billek, CFO of Kontron AG, presents the company's First Half 2026 Financial Results, covering profitability, growth across strategic markets, order momentum, restructuring initiatives and recent commercial developments.Q2 2026 Profitability and Strategic Market GrowthKontron delivered further earnings improvement in Q2 2026, with adjusted EBITDA increasing to €55 million, around 20% above both Q1 2026 and the prior-year quarter. The performance was supported by continued growth across several of the Group's strategic markets, including Defense with 32% growth, Software with 16% and Transportation with 11%.Record Order Backlog and Strong Book-to-Bill RatioOrder momentum remained particularly strong. Kontron achieved a book-to-bill ratio of 1.55, while its backlog reached a record €2.75 billion. The presentation illustrates the scale of this development: backlog has increased consistently from approximately €804 million in 2020 to €1.46 billion in 2022, €2.08 billion in 2024, €2.50 billion in 2025 and approximately €2.75 billion in 2026.High Revenue Visibility for 2026Revenue visibility for 2026 is also high. The company generated €737 million of revenue during the first half, complemented by approximately €875 million of open backlog scheduled for the remainder of 2026. Together, this represents approximately €1.61 billion and, according to management, provides full coverage of the company's 2026 revenue expectations.Defense, Software and Transportation GrowthDefense continues to develop into an increasingly important growth market for Kontron. The company expects Defense revenue to exceed €200 million in 2026, while Software and Transportation are also delivering double-digit growth. Recent Transportation wins include major railway projects across several European markets, reinforcing the Group's position in mission-critical infrastructure technology.GreenTec Restructuring and Cost SavingsKontron is also progressing with the restructuring of its GreenTec business. The program is expected to deliver approximately €30 million in run-rate savings, with 424 FTE reductions already implemented out of the targeted 500. These measures are designed to structurally improve profitability and concentrate resources on higher-growth technology markets.5G Automotive Connectivity and Ennoconn/Foxconn PartnershipIn automotive connectivity, Kontron secured its first European OEM customer for 5G NAD modules manufactured in Germany, adding another growth opportunity within next-generation connected mobility. At the same time, the strategic partnership with Ennoconn/Foxconn is expected to generate approximately €40 million of annual synergies over the coming years.Improving Profitability and Long-Term Growth DriversOverall, Kontron's H1 2026 results demonstrate a combination of improving profitability, strong order intake and increasing exposure to higher-growth markets. The record backlog provides substantial revenue visibility, while Defense, Software, Transportation, restructuring savings and strategic partnerships provide additional drivers for the Group's development.▶️ Other videos:Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/Company Presentation: https://seat11a.com/investor-relations-company-presentation/Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/ESG Presentation: https://seat11a.com/investor-relations-esg/T&CThis publication is for informational purposes only and does not constitute investment advice. By using seat11a.com, you agree to our terms and conditions outlined on www.seat11a.com/legal and www.seat11a.com/imprint.

BRAIN Biotech AG Company Presentation: Key TakeawaysBRAIN Biotech AG Company PresentationIn this Company Presentation on seat11a, Michael Schneiders, CFO of BRAIN Biotech AG, presents the company's business model, biotechnology platform, growth opportunities and long-term strategy to become one of the world's leading specialty enzyme companies.Industrial Biotechnology and Specialty Enzyme SolutionsBRAIN Biotech is an industrial biotechnology company developing specialty enzymes, microorganisms and biological solutions for applications across food, life sciences and industrial markets. The company uses cells, microorganisms and biomolecules to develop biological processes that can operate under milder conditions, use renewable raw materials and reduce waste and emissions compared with conventional industrial processes.BRAINBiocatalysts and BRAINBioIncubatorThe company operates through two complementary pillars. BRAINBiocatalysts comprises the core specialty enzyme business, while BRAINBioIncubator contains selected high-innovation projects and participations with additional commercialisation potential. In FY 2024/25, BRAIN generated approximately €45.4 million in annual revenue and €4.4 million in adjusted EBITDA, complemented by approximately €4.2 million of recurring revenues.Integrated Enzyme Value Chain and Biotechnology PlatformA key strength is BRAIN's position across the entire enzyme value chain. Its capabilities extend from biological discovery, protein engineering and microbial strain development through fermentation, scale-up and industrial production to formulation, sales and distribution. BRAIN combines these capabilities across three business models: proprietary enzyme products and ingredients, contract research and contract manufacturing. This integrated structure enables the company to provide customised biological solutions while developing long-term relationships with industrial customers.Global Industrial Enzyme Market and Growth OpportunitiesThe market opportunity is substantial. BRAIN estimates that the global market for industrial enzyme applications will expand by around 6–7% annually through 2030/2035, supported by structural trends including sustainability, resilience, changing food consumption and new pharmaceutical applications. Within BRAINBiocatalysts alone, management identifies more than €2 billion in accessible enzyme markets across applications including dairy, baking, brewing, fruit juice and wine, starch processing, life sciences and other specialties. Current BRAIN market shares remain mostly in the single digits, providing significant room for expansion.BRAINBioIncubator and Biotechnology Innovation ProjectsThe second pillar, BRAINBioIncubator, provides additional value creation opportunities from breakthrough biotechnology projects. Its portfolio spans areas including fermented food and beverages, biological gold recovery, natural antimicrobials, chronic wound treatment, genome-editing technologies and pharmaceutical royalties. Management is increasingly partnering these projects with specialised external companies to share development costs, reduce risk and accelerate commercialisation.▶️ Other videos:Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/Company Presentation: https://seat11a.com/investor-relations-company-presentation/Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/ESG Presentation: https://seat11a.com/investor-relations-esg/T&CThis publication is for informational purposes only and does not constitute investment advice. Using this website, you agree to our terms and conditions outlined on www.seat11a.com/legal and www.seat11a.com/imprint.

JOST Werke SE Elevator Pitch PresentationIn this Elevator Pitch on seat11a, Romy Acosta, Head of Investor Relations at JOST Werke SE, presents the company's business model, competitive positioning, global footprint and long-term growth ambitions.Mission-Critical Systems for the Commercial Vehicle IndustryJOST is a global supplier of mission-critical systems for the commercial vehicle industry, serving on-highway transportation as well as off-highway applications across agriculture, construction and mining. Its portfolio includes fifth wheels, landing gears, front loaders, hydraulic cylinders and tipping systems—products that directly influence how commercial vehicles perform their intended functions.Strong Relationships with OEMs and End CustomersAn important feature of JOST's business model is its relationship with the end customer. While products are frequently sold through vehicle manufacturers, fleet operators, farmers and other end users often actively specify which branded systems should be installed. This creates a strong push-and-pull sales model between JOST, OEMs, distributors and end users.High Barriers to Entry Through Brand, Reliability and Installed BaseThe combination of brand recognition, reliability, a large installed base and close technological integration with OEM platforms creates high barriers to entry. Customers frequently standardise their fleets around specific systems to simplify spare-parts availability, maintenance and training. At the same time, the cost of JOST's components is relatively small compared with the value of the commercial vehicle, while a component failure can prevent the vehicle from performing its core function and create substantial downtime costs.Global Market Leadership Across Core Product CategoriesThese characteristics have contributed to highly concentrated markets. Management states that JOST holds the number-one position in almost all regions for several core product categories, including fifth wheels, landing gears, tipping systems and front loaders.JOST Werke Financial Performance and Global FootprintIn 2025, JOST generated approximately €1.5 billion in revenue, a gross profit margin of 27.7%, adjusted EBIT of around €145 million, an adjusted EBIT margin of 9.5%, and free cash flow of approximately €126 million. The Group employs around 6,500 people and has production facilities and sales offices in more than 35 countries.Diversification Across On-Highway, Off-Highway and AftermarketThe business is also broadly diversified. Around half of sales come from on-highway transportation and half from off-highway markets. Its revenues are distributed across EMEA, the Americas and APAC, while approximately 28% of Group sales are generated through the aftermarket and spare-parts business. Customer concentration is particularly low, with no individual customer accounting for more than 4% of revenue.AMBITION 2030 Growth and Profitability TargetsJOST is now pursuing further growth across its existing and newer product categories. In the first half of 2026, the company achieved 9% organic growth, while its longer-term ambitions target more than €2 billion in revenue by 2030, adjusted earnings per share above €10, and an adjusted EBIT margin within a 10–12% corridor.▶️ Other videos:Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/Company Presentation: https://seat11a.com/investor-relations-company-presentation/Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/ESG Presentation: https://seat11a.com/investor-relations-esg/T&CThis publication is for informational purposes only and does not constitute investment advice. Using this website, you agree to our terms and conditions outlined on www.seat11a.com/legal and www.seat11a.com/imprint.

Presented by Romy Acosta, Head of Investor RelationsIn this latest financial results presentation on seat11a, Romy Acosta of JOST Werke SE presents the company's Q1 2026 financial results and provides an update on current developments across the global commercial vehicle market.Mixed Market Conditions Across Global Transport MarketsJOST operates as a leading supplier of safety-critical systems for trucks, trailers, agricultural machinery, and off-highway applications. As a globally diversified supplier to transport and logistics markets, the company remains exposed to broader developments in industrial production, freight demand, and commercial vehicle activity across key regions.During Q1 2026, market conditions remained mixed across different geographies and customer groups. Demand trends in truck and trailer markets continued to reflect ongoing macroeconomic uncertainty, while agricultural and off-highway markets developed differently across regions.Against this backdrop, JOST continued to focus on operational discipline, efficiency measures, and maintaining profitability through the cycle.Diversified Business Model Supports ResilienceA key theme of the quarter remains the company's ability to balance cyclical market fluctuations through its diversified business model and broad product portfolio.JOST's portfolio spans multiple commercial vehicle and industrial applications, including truck and trailer systems, agricultural components, and off-highway technologies. This diversification continues to support resilience across varying regional and sector-specific demand environments.The company also benefits from its broad international footprint across Europe, North America, and Asia, as well as long-standing relationships with OEM customers and aftermarket partners.Operational Discipline and Efficiency Measures Remain a PriorityIn the current environment, management continues to prioritize operational execution, cost efficiency, and disciplined resource allocation. JOST remains focused on protecting profitability and maintaining flexibility while navigating cyclical fluctuations in global transport and industrial markets.Supply chain management, production flexibility, and operational efficiency programs remain important levers in balancing market volatility and supporting stable financial performance.Innovation and Long-Term Product DevelopmentAlongside short-term operational priorities, JOST continues to invest in innovation and long-term product development. The company remains focused on safety-critical technologies, efficiency-enhancing systems, and solutions aligned with evolving transport and logistics requirements.Electrification, digital integration, and efficiency improvements across commercial vehicle systems continue to shape the long-term strategic direction of the business.Investor PerspectiveFor investors, the key focus remains on developments in global truck production, trailer demand, freight activity, and broader transport market trends, all of which continue to influence the operating environment for the company.JOST's investment case continues to center around its diversified market exposure, resilient business model, operational discipline, and positioning within global transport and logistics supply chains.▶️ Other videos:Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/Company Presentation: https://seat11a.com/investor-relations-company-presentation/Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/ESG Presentation: https://seat11a.com/investor-relations-esg/T&CThis publication is for informational purposes only and does not constitute investment advice. Using this website, you agree to our terms and conditions outlined on www.seat11a.com/legal and www.seat11a.com/imprint.

Hypoport SE First Half 2026 Financial Results PresentationIn this financial results presentation on seat11a, Ronald Slabke, CEO of Hypoport SE, presents the company's First Half 2026 Financial Results and discusses profitable growth across the Group's Real Estate & Mortgage, Financing and Insurance platforms, continued market share gains, the development of Europace and WOWIPORT, artificial intelligence and the outlook for 2026.First Half 2026 Financial Performance and Profitable GrowthHypoport delivered a solid first half despite subdued economic conditions and geopolitical volatility. Revenue increased 5% to €319 million, while gross profit rose 5% to €138 million. Profitability developed significantly faster, with EBIT increasing 20% to €19.3 million and the EBIT margin on gross profit improving from 12% to 14%. All three operating segments contributed to gross profit growth.Real Estate & Mortgage Platforms and Market Share GainsThe Real Estate & Mortgage Platforms segment generated gross profit of €85 million, up 4%, and EBIT of €23.9 million. Hypoport continued to gain market share in mortgage financing, particularly among regional banks, despite an overall contracting market. At the same time, VALUE AG continued its progress towards profitability, recording only a small loss of less than €0.5 million during the first half.German Housing Market and Europace Mortgage PlatformDevelopments in the German housing market remained mixed. Mortgage rates stayed elevated, while the supply of properties for sale continued to increase and rental supply remained constrained. On Europace, purchases remained the largest source of mortgage volume, while financing for new construction continued its recovery. Management views the structural shift from Germany's increasingly constrained rental market towards home ownership as an important long-term driver of mortgage demand.Financing Platforms and WOWIPORT GrowthThe Financing Platforms segment increased gross profit by 5% to €34 million, while EBIT rose 35% to €2.4 million. The WOWIPORT platform continued its rapid expansion, with ERP units under contract increasing 29% to 734,000. Hypoport continued investing heavily in WOWIPORT and its personal-loans platform while simultaneously improving segment profitability.Insurance Platforms Return to ProfitabilityThe Insurance Platforms segment also improved significantly, with gross profit increasing 10% to €17 million and EBIT reaching a positive €1.1 million, compared with a loss in the prior-year period. Growing digitalisation requirements and consolidation within insurance distribution continue to support demand for platform-based solutions.Artificial Intelligence and the Future of EuropaceAnother central theme is artificial intelligence. Hypoport is investing in AI capabilities across its platforms and sees Europace increasingly developing into an integration infrastructure connecting consumers and advisers with specialised AI, generative LLMs, brokers, banks and hundreds of financial product providers. This forms part of the company's longer-term strategy to further digitalise the German mortgage value chain.▶️ Other videos:Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/Company Presentation: https://seat11a.com/investor-relations-company-presentation/Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/ESG Presentation: https://seat11a.com/investor-relations-esg/T&CThis publication is for informational purposes only and does not constitute investment advice. Using this website, you agree to our terms and conditions outlined on www.seat11a.com/legal and www.seat11a.com/imprint.

ZEAL Network SE H1 2026: Key TakeawaysZEAL Network SE First Half 2026 Financial Results PresentationIn this financial results presentation on seat11a, Andrea Behrendt, CFO of ZEAL Network SE, presents the company's First Half 2026 Financial Results and discusses record financial performance, operational developments, customer acquisition, product diversification, and strategic expansion into the United Kingdom.Record First Half 2026 Financial PerformanceZEAL delivered the strongest first half in its corporate history, generating record revenue of €121.8 million, representing year-on-year growth of 20%. EBITDA increased 10% to €38.9 million, corresponding to a margin of 31.9%, while net profit rose 11.9% to €21.8 million. Management attributes this performance to higher lottery billings, improved jackpot conditions, expanding gross margins, growing monthly active users and continued product diversification.Lottery Billings, Customer Growth and Games BusinessLottery billings increased 13% to €595.9 million, supported by stronger customer activity and improved jackpot dynamics. Monthly active lottery users grew 9%, while newly registered customers reached a record 659,000 during the first half. At the same time, the Games business continued to expand, delivering 17% revenue growth alongside a 34% increase in monthly active users as ZEAL broadened its games portfolio.Product Diversification and UK Expansion StrategyA major focus of the presentation is the company's diversification strategy. Management highlights the continued success of Traumhausverlosung, the launch of the new Traumautoverlosung, and the acquisition of SevenCanyon Ltd., which provides immediate access to the UK's large and attractive prize draw market while reducing dependence on the German jackpot cycle. These initiatives support ZEAL's strategy of expanding proprietary products, strengthening customer acquisition and broadening its geographic footprint.2026 Guidance and Long-Term Growth AmbitionsLooking ahead, management confirmed its EBITDA guidance of €70–75 million for 2026 while updating revenue guidance following the SevenCanyon acquisition. Beyond the current year, ZEAL continues to target mid-teen annual revenue growth together with a sustainable EBITDA margin above 30%, reflecting its long-term growth ambitions.▶️ Other videos:Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/Company Presentation: https://seat11a.com/investor-relations-company-presentation/Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/ESG Presentation: https://seat11a.com/investor-relations-esg/T&CThis publication is for informational purposes only and does not constitute investment advice. Using this website, you agree to our terms and conditions outlined on www.seat11a.com/legal and www.seat11a.com/imprint.

Amadeus Fire AG H1 2026: Key TakeawaysIn this financial results presentation on seat11a, Jörg Peters, Head of Investor Relations at Amadeus Fire AG, presents the company's Q2 and First Half 2026 Financial Results and discusses developments across its Personnel Services and Training segments.Q2 and First Half 2026 Financial PerformanceThe first half of 2026 remained challenging for Amadeus Fire as Germany's weak economic environment continued to impact recruitment activity and corporate hiring decisions. Group revenue declined by 8.0% to €171.7 million, while operating EBITA decreased to €3.5 million and net income amounted to €-3.6 million. Personnel Services continued to face weaker demand, particularly in permanent placement, while the Training segment once again demonstrated resilience through higher revenues and improved profitability.Personnel Services and Training Segment DevelopmentsWithin Personnel Services, companies remained cautious regarding recruitment due to economic uncertainty, delayed investment decisions, and a weaker labour market. Seasonal effects and lower permanent placement activity further affected profitability during the second quarter. At the same time, the Training segment benefited from continued demand for vocational education, public training programmes, and corporate learning solutions, with acquisitions contributing additional revenue growth.AI First Strategy and Digital TransformationA central topic of the presentation is the company's strategic AI First approach. Amadeus Fire continues to integrate artificial intelligence into recruitment, training, knowledge management, onboarding, and corporate learning through AI-powered platforms, Agentic AI services, and scalable SaaS solutions. Management sees AI as an important driver for increasing productivity, strengthening customer relationships, and expanding digital education offerings.Updated FY 2026 Guidance and Long-Term PositioningFollowing the weaker second quarter, management revised its FY 2026 guidance and now expects revenue between €350 million and €365 million and operating EBITA between €17 million and €23 million. The company continues to focus on productivity improvements, cost discipline, digital transformation, and AI-supported solutions while positioning itself to benefit from Germany's long-term structural shortage of skilled labour.▶️ Other videos:Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/Company Presentation: https://seat11a.com/investor-relations-company-presentation/Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/ESG Presentation: https://seat11a.com/investor-relations-esg/T&CThis publication is for informational purposes only and does not constitute investment advice. Using this website, you agree to our terms and conditions outlined on www.seat11a.com/legal and www.seat11a.com/imprint.

Wacker Chemie AG Q1 2026: Key TakeawaysWACKER Chemie AG First Half 2026 Financial Results PresentationIn this financial results presentation on seat11a, Jörg Hoffmann, Head of Investor Relations at WACKER Chemie AG, presents the company's First Half 2026 Financial Results and discusses financial performance, business segment developments, operational improvements, and the updated outlook for the year.First Half 2026 Financial PerformanceDuring the second quarter of 2026, WACKER increased sales by 7% year-on-year to €1.52 billion. Reported EBITDA rose to €211 million, while EBITDA before special effects reached €175 million, supported by higher volumes, improved pricing, and continued savings from the company's PACE efficiency program. Net income increased significantly to €350 million, primarily reflecting Siltronic-related valuation and transaction effects.Chemicals, Biosolutions and Polysilicon Business DevelopmentsThe Chemicals division delivered strong operational performance across both Silicones and Polymers. Higher volumes, price increases to offset raw material inflation, and operational improvements supported higher profitability, while Biosolutions continued to benefit from BioPharma project business and disciplined cost management. The Polysilicon business continued to benefit from strong semiconductor demand, although solar markets remained challenging due to weak pricing, Chinese overcapacity, and regulatory uncertainty in the United States.PACE Efficiency Program Driving Operational ImprovementsA major focus of the presentation is the company's PACE efficiency program, which continues to improve operational performance across the Group. Management highlighted approximately €45 million of savings achieved during the quarter and reaffirmed the long-term target of generating more than €300 million in cumulative annual savings by 2028.Strong Balance Sheet and Updated FY 2026 OutlookThe presentation also highlights WACKER's strong financial position. Liquidity remained high at €1.57 billion, shareholder equity increased to €4.18 billion, and net financial debt declined to €722 million. Following the stronger first-half performance, management raised its FY 2026 EBITDA guidance to €625–750 million while maintaining expectations for mid-single-digit sales growth during the year.▶️ Other videos:Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/Company Presentation: https://seat11a.com/investor-relations-company-presentation/Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/ESG Presentation: https://seat11a.com/investor-relations-esg/T&CThis publication is for informational purposes only and does not constitute investment advice. Using this website, you agree to our terms and conditions outlined on www.seat11a.com/legal and www.seat11a.com/imprint.

Palfinger AG Elevator Pitch: Key TakeawaysPALFINGER AG Elevator Pitch PresentationIn this Elevator Pitch on seat11a, Felix Strohbichler, CFO of PALFINGER AG, presents the company's business model, competitive strengths, strategic priorities, and long-term growth ambitions.Global Technology Leader in Crane and Lifting SolutionsPALFINGER is a global technology leader in crane and lifting solutions, serving customers across a wide range of industries through an extensive product portfolio, a global service network, and strong local market positions. The company's strategy is built around technology leadership, operational resilience, sustainable shareholder value creation, and long-term profitable growth.Four Pillars of the PALFINGER Equity StoryManagement highlights four key pillars of the equity story. These include PALFINGER's position as a technology and industry leader, the resilience created by its diversified products and global footprint, attractive growth opportunities across Europe, North America, APAC, Marine and services, and additional earnings potential through digitalization, standardization, and footprint optimization.Regional Growth Opportunities and Market DevelopmentsThe presentation also reviews current regional developments. Strong momentum in Southern Europe, improving markets in Northern Europe, continued growth in India, and solid demand in the Marine business are offset by weaker market conditions in North America and China. This diversified geographic exposure contributes to the company's resilience across different economic cycles.Efficiency Program and 2030 Financial TargetsTo further enhance profitability, PALFINGER has launched a comprehensive efficiency program expected to reduce structural costs by €25 million while keeping the cost base broadly stable despite inflation and continued growth. At the same time, management reaffirmed the company's long-term 2030 financial targets, including revenue of more than €3 billion, an EBIT margin of 12%, ROCE of 15%, and the ambition to become the global leader in crane and lifting solutions.Technology Leadership and Long-Term Value CreationOverall, the presentation demonstrates how PALFINGER combines technology leadership, operational excellence, global diversification, and disciplined execution to support sustainable long-term growth and value creation. ▶️ Other videos:Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/Company Presentation: https://seat11a.com/investor-relations-company-presentation/Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/ESG Presentation: https://seat11a.com/investor-relations-esg/T&CThis publication is for informational purposes only and does not constitute investment advice. Using this website, you agree to our terms and conditions outlined on www.seat11a.com/legal and www.seat11a.com/imprint.

PALFINGER AG First Half 2026 Financial Results PresentationIn this financial results presentation on seat11a, Felix Strohbichler, CFO of PALFINGER AG, presents the company's First Half 2026 Financial Results and discusses financial performance, regional business developments, cash generation, balance sheet improvements, and the outlook for the remainder of the year.First Half 2026 Financial PerformancePALFINGER generated revenue of €1.17 billion during the first half of 2026, representing year-on-year growth despite a mixed market environment. EBITDA reached €133.3 million, while EBIT amounted to €84.1 million and net profit totaled €48.0 million. Management explained that earnings were affected by weaker demand in North America, the Middle East, and Asia, while several European markets continued to perform well.Regional Business DevelopmentsRegional developments remained mixed across the Group. Southern Europe continued to deliver strong momentum, Northern Europe improved, India remained an important growth driver within APAC, and the Marine segment benefited from offshore wind and cruise projects. In contrast, tariffs weighed on demand in North America, China remained weak, and Russia continued to decline.Operating Cash Flow and Balance Sheet StrengthA key highlight of the presentation is PALFINGER's stronger financial position. Operating cash flow increased to €68.8 million, while the company maintained its target of generating more than €100 million in free cash flow for the full year. Following the placement of treasury shares, the balance sheet improved significantly, with the equity ratio increasing to 43.6%, gearing falling to 55.7%, and net debt declining to €526.7 million.Efficiency Program and Long-Term StrategyManagement also introduced a comprehensive efficiency program expected to reduce structural costs by €25 million, supporting future profitability while preserving the company's long-term growth ambitions. Although the achievement of the 2027 financial targets has been delayed by slower economic recovery in major markets, PALFINGER reaffirmed its 2030 strategy, targeting revenue above €3 billion, an EBIT margin of 12%, ROCE of 15%, and continued leadership in crane and lifting solutions. ▶️ Other videos:Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/Company Presentation: https://seat11a.com/investor-relations-company-presentation/Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/ESG Presentation: https://seat11a.com/investor-relations-esg/T&CThis publication is for informational purposes only and does not constitute investment advice. Using this website, you agree to our terms and conditions outlined on www.seat11a.com/legal and www.seat11a.com/imprint.

In diesem seat11a Elevator Pitch stellt Michael Schneiders, CFO der BRAIN Biotech AG, das Geschäftsmodell, die Technologieplattform und die langfristige Wachstumsstrategie des Unternehmens vor.BRAIN Biotech ist ein Unternehmen der industriellen Biotechnologie und entwickelt Enzyme, Mikroorganismen sowie biologische Lösungen für Kunden aus den Bereichen Lebensmittel, Getränke, Life Sciences sowie weiteren Spezialmärkten. Mit seinen Produkten unterstützt das Unternehmen die Biologisierung industrieller Prozesse und den Übergang zu nachhaltigeren Produktionsverfahren.Das Geschäftsmodell basiert auf zwei komplementären Säulen. BRAINBiocatalysts bündelt das operative Geschäft mit Spezialenzymen, Mikroorganismen sowie Forschungs-, Entwicklungs- und Produktionsdienstleistungen. BRAINBioIncubator konzentriert sich auf innovative Entwicklungsprojekte, Beteiligungen sowie Lizenz- und Royalty-Modelle mit zusätzlichem Wertschöpfungspotenzial.Im Geschäftsjahr 2024/25 erzielte BRAIN Biotech einen Umsatz von rund 45,4 Mio. Euro, ein bereinigtes EBITDA von rund 4,4 Mio. Euro sowie wiederkehrende Erlöse von rund 4,2 Mio. Euro. Damit verbindet das Unternehmen ein profitables operatives Geschäft mit langfristigen Innovationsprojekten.Im Rahmen des Capital Markets Day 2024 stellte BRAIN Biotech ambitionierte mittelfristige Ziele vor. Für den Bereich BRAINBiocatalysts strebt das Unternehmen einen Umsatz von 100 Mio. Euro sowie eine bereinigte EBITDA-Marge von 15 % an. Ergänzend soll die erfolgreiche Kommerzialisierung von Projekten aus dem BRAINBioIncubator zusätzliche Wertschöpfung schaffen.Langfristig verfolgt BRAIN Biotech das Ziel, zu den Top 10 der weltweit führenden Spezialenzymunternehmen aufzusteigen und von den strukturellen Wachstumstrends in den Bereichen industrielle Biotechnologie, Spezialenzyme und nachhaltige biologische Lösungen zu profitieren. ▶️ Other videos:Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/Company Presentation: https://seat11a.com/investor-relations-company-presentation/Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/ESG Presentation: https://seat11a.com/investor-relations-esg/T&CThis publication is for informational purposes only and does not constitute investment advice. Using this website, you agree to our terms and conditions outlined on www.seat11a.com/legal and www.seat11a.com/imprint.

Key TakeawaysBRAIN Biotech AG Elevator Pitch PresentationIn this seat11a Elevator Pitch, Michael Schneiders, CFO of BRAIN Biotech AG, presents the company's business model, biotechnology platform, and long-term growth strategy.Biotechnology Platform for Sustainable Industrial SolutionsBRAIN Biotech develops enzyme products, microorganisms, and biological solutions that help customers replace conventional industrial processes with more sustainable biotechnology-based alternatives. The company serves customers across food, beverage, life sciences, proteins, dairy, and other specialty industrial markets through its integrated biotechnology platform.Two Complementary Business PillarsThe business is built around two complementary pillars. The BRAINBiocatalysts division develops and produces specialty enzymes and microbial solutions while providing contract research and manufacturing services. The BRAINBioIncubator focuses on breakthrough innovation projects, strategic participations, and pharmaceutical royalty opportunities that have the potential to create significant additional value over time.Balanced Business Model and Financial PerformanceManagement explains how this combination creates a balanced business model, generating profitable operating revenues while maintaining exposure to higher-value innovation projects. During FY 2024/25, BRAIN Biotech generated approximately €45.4 million in annual revenue, €4.4 million adjusted EBITDA, and approximately €4.2 million in recurring revenues, providing a solid financial foundation for future growth.Medium-Term Growth Targets and Expansion StrategyLooking ahead, the company has set ambitious medium-term objectives presented at its 2024 Capital Markets Day. Within its BRAINBiocatalysts division, management targets €100 million in revenue together with an adjusted EBITDA margin of 15%, supported by organic growth and acquisitions. At the same time, BRAINBioIncubator continues to offer additional upside through the commercialization of innovative biotechnology projects.Long-Term Growth Drivers in Industrial BiotechnologyThe presentation also explains how BRAIN Biotech benefits from long-term structural trends including sustainable manufacturing, biologization of industrial processes, growing demand for specialty enzymes, and increasing adoption of biological solutions across multiple industries. Management's long-term ambition is to establish BRAIN Biotech as one of the Top 10 global enzyme companies. ▶️ Other videos:Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/Company Presentation: https://seat11a.com/investor-relations-company-presentation/Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/ESG Presentation: https://seat11a.com/investor-relations-esg/T&CThis publication is for informational purposes only and does not constitute investment advice. Using this website, you agree to our terms and conditions outlined on www.seat11a.com/legal and www.seat11a.com/imprint.

eDreams ODIGEO's Deep Dive: Key TakeawayseDreams ODIGEO Artificial Intelligence Deep DiveIn this deep dive presentation on seat11a, David Elizaga explains how Artificial Intelligence has become a core component of eDreams ODIGEO's business model and long-term growth strategy.Artificial Intelligence as a Core Business ComponentManagement describes eDreams as an AI-first company for more than a decade, emphasizing that AI has been integrated into the business long before the recent surge of interest in generative AI technologies. Today, AI supports multiple areas of the company, including customer acquisition, software development, customer service, pricing, marketing, and product innovation.Prime Subscription Ecosystem and Proprietary Travel PlatformA central part of the strategy is the combination of the company's proprietary travel platform and its Prime subscription ecosystem. With approximately 8 million Prime subscribers, eDreams benefits from a large base of repeat customers, reducing dependence on highly competitive performance marketing channels and creating a relationship-based customer model that management views as a significant competitive advantage.Agentic AI and Customer AcquisitionThe company also sees emerging opportunities through Agentic AI. Management believes AI-powered travel assistants could become an additional customer acquisition channel while simultaneously enhancing customer experience and strengthening product capabilities. eDreams expects AI to support future growth by improving personalization, customer interactions, and operational efficiency.AI Productivity Gains in Software DevelopmentThe operational impact of AI is already visible across the organization. During FY26, AI-assisted development contributed to a 47% increase in productivity, while some engineering teams now generate code entirely through AI-assisted workflows that are subsequently reviewed by humans. Agentic development has enabled the company to deliver five times more business features than before.AI in Customer Service and Cost EfficiencyCustomer service has also benefited from AI adoption. Approximately 30% of support calls are now solved by AI, while customer satisfaction levels remain comparable to human-assisted interactions. In addition, AI-supported automation contributed to a 13% reduction in customer service costs during FY26.AI-Driven Pricing and Marketing CapabilitiesAcross marketing and pricing, AI is increasingly used to optimize commercial activities. The company reported a 24% increase in AI-driven pricing capabilities, while AI-generated marketing content expanded significantly, helping reduce external production costs by 75% while maintaining a stable headcount.Artificial Intelligence Supporting Long-Term GrowthOverall, the presentation demonstrates how eDreams ODIGEO is applying Artificial Intelligence across its business operations and how management sees AI supporting future innovation, productivity, customer engagement, and long-term growth.▶️ Other videos:Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/Company Presentation: https://seat11a.com/investor-relations-company-presentation/Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/ESG Presentation: https://seat11a.com/investor-relations-esg/T&CThis publication is for informational purposes only and does not constitute investment advice. Using this website, you agree to our terms and conditions outlined on www.seat11a.com/legal and www.seat11a.com/imprint.

Matador AG Deep Dive: Key TakeawaysMatador Secondary Private Equity AG Deep Dive PresentationIn this deep dive presentation on seat11a, Alexander Lachmann, CFO of Matador Secondary Private Equity AG, explains how the company provides investors with access to a diversified private equity portfolio and a broad range of innovative private companies.Diversified Private Equity Portfolio Built Over Two DecadesOver the past two decades, Matador has built a portfolio through investments with leading international private equity managers. The company focuses primarily on small and mid-market buyout strategies while selectively investing in venture capital and growth opportunities. This diversified approach provides exposure to more than one thousand underlying companies across numerous industries and regions.SpaceX and Exposure to Innovative Private CompaniesA key topic of the presentation is the company's exposure to SpaceX, one of the world's most talked-about private companies. Through its investment strategy, Matador participates in value creation generated by SpaceX alongside other innovative businesses such as Stripe, Revolut, Anduril Industries, and ByteDance. The presentation explains how these investments fit within the broader portfolio and how successful exits contribute additional capital for future investments.Secondary Private Equity Investments and Market AccessThe discussion also covers the role of secondary private equity investments and how Matador's listed structure provides access to an asset class that is often difficult for individual investors to access directly. By combining diversification, manager selection, and long-term portfolio construction, the company has developed a private equity portfolio designed to participate in long-term value creation across global private markets.Investment Philosophy and Portfolio StrategyOverall, the presentation provides insight into Matador's investment philosophy, portfolio composition, and approach to private equity investing. ▶️ Other videos:Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/Company Presentation: https://seat11a.com/investor-relations-company-presentation/Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/ESG Presentation: https://seat11a.com/investor-relations-esg/T&CThis publication is for informational purposes only and does not constitute investment advice. Using this website, you agree to our terms and conditions outlined on www.seat11a.com/legal and www.seat11a.com/imprint.

Amoeba SA Elevator Pitch: Key TakeawaysAmoéba SA Elevator Pitch PresentationIn this Elevator Pitch on seat11a, Jean-François Doucet, CEO of Amoéba SA, presents the company's strategy, technology platform and commercial development plans across agriculture and cosmetics.A Green Technology Company Built on Proprietary Amoeba CultivationAmoéba is a French green technology company specializing in natural bio-solutions derived from proprietary amoeba cultivation technology. The company has spent more than a decade developing a unique industrial platform and has built a portfolio of intellectual property, industrial expertise and commercial partnerships designed to support future growth.Biological Crop Protection and Sustainable AgricultureThe company's agricultural activities focus on biological crop protection products designed to offer natural alternatives to conventional chemical solutions. Regulatory milestones have already been achieved, including active substance approval in Europe and product authorization in the United States. These achievements provide the foundation for commercial deployment through strategic partnerships with major industry participants.Strategic Partnerships with Koppert and SyngentaAmoéba has signed an exclusive distribution agreement with Koppert for selected crop applications and has established a memorandum of understanding with Syngenta focused on future cereal opportunities. These partnerships provide access to large agricultural markets while leveraging established commercial infrastructures.Natural Cosmetic Ingredients and Well-Ageing SolutionsThe company is also developing a natural cosmetic ingredient targeting skin protection, repair and well-ageing applications. Through partnerships in China and international commercialization efforts, management sees cosmetics as an additional long-term growth driver supported by attractive market dynamics and higher-margin opportunities.Transition from Development to Commercial ExecutionThroughout the presentation, management emphasizes that Amoéba is transitioning from a development-stage story toward commercial execution. With technology validation, regulatory approvals, industrial partners and commercial agreements already in place, the company believes it is entering a new phase focused on market adoption and growth. ▶️ Other videos:Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/Company Presentation: https://seat11a.com/investor-relations-company-presentation/Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/ESG Presentation: https://seat11a.com/investor-relations-esg/T&CThis publication is for informational purposes only and does not constitute investment advice. Using this website, you agree to our terms and conditions outlined on www.seat11a.com/legal and www.seat11a.com/imprint.

eDreams ODIGEO's FY 2026 Key TakeawaysPresented by David Elizaga, CFOIn this latest financial results presentation on seat11a, David Elizaga presents the company's FY 2026 financial results and provides an update on Prime subscriber growth, profitability development, artificial intelligence initiatives, and the company's long-term strategic roadmap.Record Profitability and Continued Prime GrowtheDreams ODIGEO delivered results ahead of expectations during FY26, supported by continued growth of its Prime subscription platform. Prime membership increased by 9% to 7.9 million subscribers, while Adjusted EBITDA rose by 29% to a record €172.3 million. Cash EBITDA reached €157 million, exceeding management's target for the year. Prime-related revenue now represents approximately 75% of total Cash Revenue Margin, underlining the growing importance of the subscription model within the business and the continued transformation away from a traditional online travel agency model.Prime Platform Remains the Core Growth EngineA major focus of the presentation is the continued evolution of the Prime platform. During FY26, the company continued its transition from annual upfront subscription payments toward annual subscriptions with monthly instalments. While this temporarily impacted certain cash metrics, management highlighted that the underlying profitability, subscriber economics, and operational performance of the business continued to strengthen throughout the year. The subscription-based model remains central to eDreams' strategy of increasing customer loyalty, recurring revenue visibility, and long-term customer lifetime value.FY30 Roadmap Targets Significant ExpansionThe company also introduced a new long-term roadmap extending through FY30. Management outlined plans for substantial subscriber growth, expanding Prime membership toward approximately 13 million subscribers while continuing to broaden the business beyond its traditional European flight market. By FY30, management expects a significantly more diversified business mix, supported by growth in non-flight products, international opportunities, and a broader travel ecosystem. The roadmap reflects the company's ambition to further strengthen its position as a subscription-led travel platform with increasing scale and recurring revenue characteristics.Artificial Intelligence Increasingly Embedded Across the BusinessArtificial intelligence remains a key component of the company's operating model. eDreams highlighted more than a decade of AI development and discussed how AI is improving software development, customer service, pricing capabilities, marketing productivity, and customer acquisition. During FY26, AI-assisted productivity increased significantly, while support automation and content generation continued to scale across the organization. Management views artificial intelligence as both an operational efficiency tool and a strategic enabler that can support customer experience improvements, marketing effectiveness, and scalable growth over the long term.Read more on: https://seat11a.com/company/edreams-odigeo-financial-results-fy-2026/ ▶️ Other videos:Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/Company Presentation: https://seat11a.com/investor-relations-company-presentation/Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/ESG Presentation: https://seat11a.com/investor-relations-esg/T&CThis publication is for informational purposes only and does not constitute investment advice. Using this website, you agree to our terms and conditions outlined on www.seat11a.com/legal and www.seat11a.com/imprint.

BRAIN Biotech AG 6M FY 2025/26: Key TakeawaysPresented by Michael Schneiders, CFOIn this latest financial results presentation on seat11a, Michael Schneiders of BRAIN Biotech AG presents the company's 6M FY 2025/26 financial results and provides an update on operational developments across its enzyme business and BioIncubator activities.Industrial Biotechnology Platform with Two-Pillar StructureBRAIN Biotech continues to position itself as a provider of industrial biotechnology solutions, combining enzyme technologies, microbial systems, and biotechnology-driven industrial applications across food, life sciences, chemicals, health, and sustainability-related markets.The company operates through its two-pillar structure consisting of the operational enzyme business BRAINBiocatalysts and the innovation-focused BRAINBioIncubator platform.Sequential Growth in the Enzyme BusinessDuring the first six months of FY 2025/26, the company reported sequential growth in the enzyme business during Q2 compared with Q1, while the enzyme-related CRO business remained solid.BRAIN Biotech also successfully commissioned its new Netherlands production facility on time and within budget, with management expecting operational synergies and efficiency improvements from the site going forward.The continued development of the enzyme business remains strategically important for the company as it seeks to expand its position in industrial biotechnology and higher-value biocatalyst applications.BioIncubator Advances Scientific and Strategic InitiativesWithin the BioIncubator segment, the company continued to advance several strategic and scientific initiatives.BRAIN Biotech received a European patent for its genome editing nuclease BMC®, which management highlighted as opening additional licensing opportunities for the CRO business and biotechnology applications.In addition, portfolio company Akribion Therapeutics published research in Nature magazine related to RNA-triggered cell killing using CRISPR-Cas12a2 technology, underlining ongoing scientific progress within the BioIncubator ecosystem.Improved EBITDA and Ongoing Cost DisciplineFinancially, revenues reached €23.4 million during the first six months, while adjusted EBITDA improved significantly to approximately break-even.Management highlighted milestone income, operational integration measures, and ongoing cost control as important factors during the reporting period.The company continues to emphasize operational discipline, efficiency improvements, and careful capital allocation as part of its broader strategy to strengthen financial resilience while advancing biotechnology innovation.Guidance and Mid-Term Targets ConfirmedBRAIN Biotech also confirmed its FY 2025/26 guidance and maintained its broader mid-term targets presented during the Capital Markets Day in December 2024.These targets include long-term growth ambitions for the enzyme business and continued expansion across biotechnology and bioeconomy applications.Investor PerspectiveFor investors, BRAIN Biotech remains positioned around several structural growth themes, including industrial biotechnology, sustainable production processes, enzyme innovation, genome editing technologies, and bioeconomy..Read more: https://seat11a.com/company/brain-biotech-ag-financial-results-h1-2025-26/ ▶️ Other videos:Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/Company Presentation: https://seat11a.com/investor-relations-company-presentation/Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/ESG Presentation: https://seat11a.com/investor-relations-esg/T&CThis publication is for informational purposes only and does not constitute investment advice. Using this website, you agree to our terms and conditions outlined on www.seat11a.com/legal and www.seat11a.com/imprint.

Kontron AG Q1 2026: Key TakeawaysPresented by Clemens Billek, CFOIn this latest financial results presentation on seat11a, Clemens Billek of Kontron AG presents the company's Q1 2026 financial results and provides an update on operational developments across its IoT, software, and digital infrastructure businesses.Positioned Across Key Digitalisation TrendsKontron continues to position itself as a leading European provider of IoT technologies, embedded computing systems, and smart infrastructure solutions, serving customers across industrial automation, transportation, telecommunications, energy, aerospace, defense, and public sector markets.The company remains active across multiple structural technology trends, including industrial digitalisation, automation, connectivity, edge computing, and AI-enabled systems.Continued Expansion of IoT and Software ActivitiesDuring the first quarter of 2026, Kontron continued to expand its software and IoT-related activities, further strengthening its portfolio of digital infrastructure and embedded computing solutions.Software-enabled systems and recurring revenue activities remained an important part of the company's operational development during the quarter. At the same time, Kontron continued to advance projects and customer activities across industrial IoT, communication systems, transportation technologies, and connected infrastructure applications.Operational Development Across Key BusinessesThe presentation also highlights developments across Kontron's operational businesses, including progress in digital platform integration, software-driven solutions, and broader IoT ecosystem expansion.Kontron continues to operate across a diversified set of industries and end markets, supporting customers in areas such as industrial automation, rail and transportation systems, communication infrastructure, aerospace technologies, and critical public-sector applications.Software Integration and Digital Infrastructure FocusA key operational focus remains the increasing integration of software, connectivity, and embedded hardware solutions. Management continues to position Kontron around the growing demand for intelligent infrastructure systems that combine embedded computing capabilities with software functionality, automation, and secure digital connectivity.The company also continues to expand recurring revenue activities related to software platforms, digital infrastructure, and integrated IoT ecosystems.Industrial and Infrastructure DigitalisationManagement discusses developments across end markets and how digitalisation continues to shape industrial and infrastructure environments across Europe and international markets.Automation, AI-enabled infrastructure, secure connectivity, and edge computing remain central themes across many of Kontron's customer industries, supporting continued demand for embedded systems and digital infrastructure technologies.Investor PerspectiveFor investors, Kontron remains positioned around several structural technology themes, including industrial IoT, embedded computing, digital infrastructure, automation, and AI-enabled industrial systems. ▶️ Other videos:Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/Company Presentation: https://seat11a.com/investor-relations-company-presentation/Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/ESG Presentation: https://seat11a.com/investor-relations-esg/T&CThis publication is for informational purposes only and does not constitute investment advice. Using this website, you agree to our terms and conditions outlined on www.seat11a.com/legal and www.seat11a.com/imprint.

Kontron AG FY 2025: Key TakeawaysPresented by Clemens Billek, CFOIn this latest financial results presentation on seat11a, Clemens Billek of Kontron AG presents the company's full year 2025 financial results and provides an update on operational developments across its IoT, software, and digital infrastructure businesses.Positioning Around Long-Term Digitalisation TrendsKontron continues to position itself as a leading European provider of IoT technologies, embedded computing systems, and smart infrastructure solutions, serving customers across industrial automation, transportation, telecommunications, energy, aerospace, and public sector applications.The company remains active across several long-term technology trends, including industrial digitalisation, connectivity, automation, edge computing, and AI-enabled infrastructure systems.Expansion of IoT and Software ActivitiesThroughout FY 2025, Kontron continued to expand its software and IoT-related activities, further developing its portfolio of digital infrastructure and embedded computing solutions.Software-enabled systems and recurring revenue activities remained an important part of the company's broader operational development during the year. At the same time, Kontron continued to advance projects and customer activities across industrial IoT, communication systems, transportation technologies, and connected infrastructure applications.Operational Development Across Key Business AreasThe presentation also highlights developments across the company's operational businesses, including progress in digital platform integration, software-driven solutions, and broader IoT ecosystem expansion.Kontron continues to operate across a diversified range of end markets, which include industrial automation, rail and transportation systems, communication infrastructure, aerospace applications, and smart-city related technologies. This broad exposure remains an important element of the company's strategic positioning.Software, Connectivity and Infrastructure IntegrationA key focus for Kontron remains the increasing integration of software, connectivity, and embedded hardware systems. Management continues to position the company around the growing demand for intelligent infrastructure solutions that combine hardware capabilities with software functionality and long-term digital services.The company also continues to develop recurring revenue activities linked to software platforms, connectivity solutions, and integrated digital infrastructure projects.Industrial Digitalisation and AI-Enabled InfrastructureManagement discusses current developments across the company's end markets and how digitalisation continues to shape industrial and infrastructure environments across Europe and beyond.Automation, edge computing, AI-enabled systems, and secure connectivity remain central themes across many of Kontron's customer industries, supporting continued demand for embedded computing and digital infrastructure solutions.Investor PerspectiveFor investors, Kontron remains positioned around several structural technology themes, including industrial IoT, embedded computing, smart infrastructure, and digital transformation across critical industrial and public-sector applications. ▶️ Other videos:Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/Company Presentation: https://seat11a.com/investor-relations-company-presentation/Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/ESG Presentation: https://seat11a.com/investor-relations-esg/T&CThis publication is for informational purposes only and does not constitute investment advice. Using this website, you agree to our terms and conditions outlined on www.seat11a.com/legal and www.seat11a.com/imprint.

JOST Werke SE Q1 2026: Key TakeawaysPresented by Romy Acosta, Head of Investor RelationsIn this latest financial results presentation on seat11a, Romy Acosta of JOST Werke SE presents the company's Q1 2026 financial results and provides an update on current developments across the global commercial vehicle market.Mixed Market Conditions Across Global Transport MarketsJOST operates as a leading supplier of safety-critical systems for trucks, trailers, agricultural machinery, and off-highway applications. As a globally diversified supplier to transport and logistics markets, the company remains exposed to broader developments in industrial production, freight demand, and commercial vehicle activity across key regions.During Q1 2026, market conditions remained mixed across different geographies and customer groups. Demand trends in truck and trailer markets continued to reflect ongoing macroeconomic uncertainty, while agricultural and off-highway markets developed differently across regions.Against this backdrop, JOST continued to focus on operational discipline, efficiency measures, and maintaining profitability through the cycle.Diversified Business Model Supports ResilienceA key theme of the quarter remains the company's ability to balance cyclical market fluctuations through its diversified business model and broad product portfolio.JOST's portfolio spans multiple commercial vehicle and industrial applications, including truck and trailer systems, agricultural components, and off-highway technologies. This diversification continues to support resilience across varying regional and sector-specific demand environments.The company also benefits from its broad international footprint across Europe, North America, and Asia, as well as long-standing relationships with OEM customers and aftermarket partners.Operational Discipline and Efficiency Measures Remain a PriorityIn the current environment, management continues to prioritize operational execution, cost efficiency, and disciplined resource allocation. JOST remains focused on protecting profitability and maintaining flexibility while navigating cyclical fluctuations in global transport and industrial markets.Supply chain management, production flexibility, and operational efficiency programs remain important levers in balancing market volatility and supporting stable financial performance.Innovation and Long-Term Product DevelopmentAlongside short-term operational priorities, JOST continues to invest in innovation and long-term product development. The company remains focused on safety-critical technologies, efficiency-enhancing systems, and solutions aligned with evolving transport and logistics requirements.Electrification, digital integration, and efficiency improvements across commercial vehicle systems continue to shape the long-term strategic direction of the business.Investor PerspectiveFor investors, the key focus remains on developments in global truck production, trailer demand, freight activity, and broader transport market trends, all of which continue to influence the operating environment for the company.JOST's investment case continues to center around its diversified market exposure, resilient business model, operational discipline, and positioning within global transport and logistics supply chains....▶️ Other videos:Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/Company Presentation: https://seat11a.com/investor-relations-company-presentation/Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/ESG Presentation: https://seat11a.com/investor-relations-esg/T&CThis publication is for informational purposes only and does not constitute investment advice. Using this website, you agree to our terms and conditions outlined on www.seat11a.com/legal and www.seat11a.com/imprint

Palfinger AG Elevator Pitch: Key TakeawaysPALFINGER AG Elevator Pitch: Business Model, Strategy and Growth DriversPresented by Felix StrohbichlerIn this elevator pitch on seat11a, Felix Strohbichler of Palfinger AG provides a concise overview of the company's business model, strategic positioning, and key growth drivers.Global Leader in Lifting and Crane SolutionsPALFINGER is a global leader in lifting and crane solutions, with a broad portfolio spanning loader cranes, marine equipment, and specialized lifting systems. The company operates in a wide range of end markets, including construction, transport, logistics, and marine applications, benefiting from a diversified revenue base and strong global presence. This positioning allows PALFINGER to capture growth opportunities across multiple industries while maintaining resilience through different phases of the economic cycle.Diversified End Markets and Global PresenceA central pillar of the PALFINGER strategy is the combination of equipment sales and a growing service business, including maintenance, spare parts, and lifecycle solutions. This service component plays an increasingly important role in enhancing margins, improving earnings visibility, and strengthening long-term customer relationships. At the same time, the company continues to invest in digitalisation, automation, and product innovation, further reinforcing its competitive positioning in the global lifting solutions market.Service Business as a Key Margin and Growth DriverFrom a financial and operational perspective, PALFINGER focuses on profitable growth, operational efficiency, and disciplined capital allocation. The company's strategy combines organic growth with targeted expansion initiatives, supported by its strong brand, global distribution network, and technological capabilities.Focus on Profitable Growth and Operational EfficiencyOverall, PALFINGER positions itself as a global industrial player with a balanced mix of cyclical exposure and structural growth drivers, supported by an increasing share of service-related revenue and a clear focus on innovation and execution. ▶️ Other videos:Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/Company Presentation: https://seat11a.com/investor-relations-company-presentation/Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/ESG Presentation: https://seat11a.com/investor-relations-esg/T&CThis publication is for informational purposes only and does not constitute investment advice. Using this website, you agree to our terms and conditions outlined on www.seat11a.com/legal and www.seat11a.com/imprint.

Hypoport SE Q1 2026: Key TakeawaysHypoport SE Q1 2026 Financial ResultsPresented by Ronald Slabke, CEOIn this latest financial results presentation on seat11a, Ronald Slabke of Hypoport SE presents the company's Q1 2026 financial results and provides an update on current developments across its digital finance and real estate platform ecosystem.Gradual Stabilisation in the German Mortgage MarketHypoport remains one of the key listed technology-driven infrastructure providers for the German mortgage and financial services market. Through platforms such as Europace, the company connects banks, brokers, insurers, and real estate participants within a highly scalable digital ecosystem.Following the difficult market environment of recent years, investors are closely watching for further signs of recovery in mortgage financing volumes, transaction activity, and platform utilisation. In Q1 2026, market conditions continued to gradually stabilise in parts of the German real estate financing market.Improving financing conditions and increasing transaction activity supported developments across the platform ecosystem, although the broader environment remained influenced by economic uncertainty, interest rate sensitivity, and cautious market sentiment.Europace and Platform Scalability Remain CentralAgainst this backdrop, Hypoport continued to focus on expanding platform usage, increasing digitalisation, and strengthening its long-term market position within the German housing finance market.A major focus remains the scalability of Hypoport's platform model. As digital processes continue to gain relevance across mortgage finance, insurance, and real estate transactions, Hypoport aims to benefit from increasing platform penetration and network effects across its ecosystem.For investors, Europace remains at the center of the Hypoport investment case. The platform continues to function as one of the most important digital infrastructures for German mortgage finance, connecting lenders, brokers, savings banks, cooperative banks, and financial intermediaries through integrated workflows and transaction processes.Diversified Platform Ecosystem Across Financial ServicesManagement also discusses developments across the company's different segments, including private clients, real estate platforms, and insurance activities, underlining the broad positioning of the group within the German financial services market.This diversified platform structure remains strategically important because it reduces reliance on a single product category and supports the broader long-term thesis that Hypoport is building digital infrastructure layers across multiple adjacent financial and housing-related markets.Long-Term Focus on Digitalisation and Market Share GainsEven though short-term market conditions remain influenced by macroeconomic uncertainty and interest rate sensitivity, Hypoport continues to position itself around long-term structural themes including digitalisation, workflow automation, platform integration, and increasing efficiency across the housing finance ecosystem.Management continues to view the ongoing digital transformation of Germany's mortgage and insurance markets as a significant long-term growth opportunity for the company's platform architecture....▶️ Other videos:Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/Company Presentation: https://seat11a.com/investor-relations-company-presentation/Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/ESG Presentation: https://seat11a.com/investor-relations-esg/T&CThis publication is for informational purposes only and does not constitute investment advice. Using this website, you agree to our terms and conditions outlined on www.seat11a.com/legal and www.seat11a.com/imprint

Amadeus Fire AG Q1 2026: Key TakeawaysPresented by Jörg Peters, Head of Investor RelationsIn this latest financial results presentation on seat11a, Jörg Peters, Head of Investor Relations of Amadeus Fire Group, presents the company's Q1 2026 financial results and provides an update on current business trends across the Personnel Services and Training segments.Challenging Macro Environment Continues to Impact Personnel ServicesAmadeus Fire started the year in a still difficult macroeconomic environment in Germany, with weak economic growth, high unemployment, and cautious hiring activity continuing to weigh on the Personnel Services business. Companies remained reluctant to make long-term staffing decisions, recruitment cycles became longer, and candidate willingness to change jobs stayed subdued during the quarter. Against this backdrop, group revenue declined by 9.0% to €89.4 million, while operating EBITA fell to €3.0 million and the operating EBITA margin declined to 3.4%. Nevertheless, management highlighted that business performance stabilised compared with Q4 2025 and developed broadly in line with expectations.Personnel Services Segment Remains Under PressureThe Personnel Services segment remained under pressure, with revenue declining by 17.6% and operating gross profit falling by 18.9% year-on-year. At the same time, the cost and efficiency measures introduced in 2025 continued to show positive effects, helping to stabilise operational performance over the course of the quarter. Management emphasized that strict cost control, productivity management, and cautious internal hiring are expected to support profitability improvements as the year progresses. While the short-term environment remains challenging, the company continues to position itself for improved operating leverage once demand conditions normalise.Training Segment Shows Greater ResilienceIn contrast, the Training segment delivered a more resilient performance. Revenue increased by 3.4% to €41.8 million, supported by the first-time consolidation of acquisitions such as Masterplan and eduBITES. The B2C business developed stable to slightly positive, while the publicly funded B2G market showed improving momentum compared with the previous quarter. This underlines the increasing strategic importance of the Training segment within the broader Amadeus Fire business model.AI-First Strategy Continues to AdvanceStrategically, Amadeus Fire continued to advance its AI-first orientation, with a focus on expanding AI-related training offerings and corporate AI learning solutions to address growing demand for digital skills development. The integration of Masterplan and eduBITES supports the company's ambition to strengthen its position in digital learning, AI-enabled education, and scalable SaaS-driven training solutions. Management continues to view these activities as important long-term growth and margin drivers.FY 2026 Outlook Confirmed Overall, management sees Q1 2026 as the basis for a gradual return to higher profitability over the course of the year and confirmed the outlook for FY 2026. The combination of operational stabilisation, ongoing cost discipline, and improving trends in Training is expected to support a significant increase in earnings as market conditions gradually normalise. ▶️ Other videos:Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/Company Presentation: https://seat11a.com/investor-relations-company-presentation/Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/ESG Presentation: https://seat11a.com/investor-relations-esg/T&CThis publication is for informational purposes only and does not constitute investment advice. Using this website, you agree to our terms and conditions outlined on www.seat11a.com/legal and www.seat11a.com/imprint.

ZEAL Network SE Q1 2026: Key TakeawaysPresented by Andrea Behrendt, CFOIn this latest financial results presentation on seat11a, Andrea Behrendt of ZEAL Network SE presents the company's Q1 2026 financial results and provides an update on customer growth, lottery billings, games performance, and ZEAL's strategic expansion initiatives.Continued Growth Despite Weak Jackpot EnvironmentZEAL delivered continued growth in the first quarter despite what management described as a particularly weak jackpot environment. Neither Lotto 6aus49 nor Eurojackpot reached peak jackpot levels during Q1 2026, creating difficult conditions for customer acquisition and reactivation. Nevertheless, the company managed to increase revenue, expand its customer base, and further improve its gross margin, highlighting the resilience of ZEAL's platform and marketing execution.Revenue Growth and Targeted InvestmentsRevenue increased by 6.2% to €54.3 million, supported by higher lottery billings, stronger gross margins, and growth in monthly active users. At the same time, EBITDA declined to €15.5 million, reflecting deliberate investments into marketing, personnel expansion, games, and broader diversification initiatives. Management emphasized that these higher expenses are targeted growth investments intended to strengthen ZEAL's long-term positioning and support future scalability.Customer Growth and Lottery Platform ExpansionCustomer acquisition remained strong despite the weak jackpot backdrop. Monthly active users in the lottery business increased by 5% to nearly 1.6 million, while ZEAL added 274 thousand new registered customers during the quarter. These developments underline the continued relevance of ZEAL's digital lottery platform and the company's ability to attract and retain users even in less supportive external conditions.Games Segment Continues to ScaleThe company also continued to expand its Games segment, where revenue grew by 14% and the games portfolio increased to more than 740 games. This reflects ZEAL's broader strategy of diversifying beyond its traditional lottery business and building a broader digital entertainment ecosystem with stronger recurring customer engagement and monetisation opportunities.Strategic Expansion Through Social Lottery ProductsA strategic highlight of the quarter was the launch of the new charity lottery “Traumautoverlosung,” which expands ZEAL's social lottery offering beyond “Traumhausverlosung.” Management sees this as another important step in broadening the company's product portfolio and strengthening the foundations for long-term growth.FY 2026 Outlook ConfirmedLooking ahead, ZEAL confirmed its FY 2026 guidance, expecting revenue of €250–260 million and EBITDA of €70–75 million, while continuing to target double-digit annual revenue growth and EBITDA margins above 30% over the medium term.ConclusionOverall, ZEAL Network SE's Q1 2026 financial results highlight a business that continues to execute well despite an unusually weak jackpot environment. The combination of customer growth, improving monetisation, expanding games activities, and ongoing diversification initiatives reinforces ZEAL's positioning as one of Germany's leading digital lottery and online gaming platforms with a scalable and increasingly diversified business model. ▶️ Other videos:Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/Company Presentation: https://seat11a.com/investor-relations-company-presentation/Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/ESG Presentation: https://seat11a.com/investor-relations-esg/T&CThis publication is for informational purposes only and does not constitute investment advice. Using this website, you agree to our terms and conditions outlined on www.seat11a.com/legal and www.seat11a.com/imprint.

Wacker Chemie AG Q1 2026: Key TakeawaysWACKER Chemie AG Q1 Financial Results: Joerg Hoffmann on Performance, Market Trends and Segment DevelopmentsPresented by Joerg Hoffmann, Head of Investor RelationsIn this latest financial results presentation on seat11a, Joerg Hoffmann of Wacker Chemie AG provides an update on the company's Q1 financial performance, recent business developments, and the current trading environment across its key segments.Q1 Performance in a Mixed Market EnvironmentWACKER Chemie started the year in a still mixed market environment, with demand trends varying across regions and end markets. The first quarter reflects continued normalization in some areas, while other segments remain impacted by cautious customer behavior, lower order visibility, and ongoing pricing pressure. As a result, performance in Q1 is shaped by a combination of volume developments, pricing dynamics, and cost factors across the portfolio.Segment Developments: Differentiated Trends Across the PortfolioAcross the business divisions, developments remain differentiated. The chemical segments, including silicones and polymers, continue to reflect broader industrial demand trends, with volumes stabilizing in parts but still influenced by weaker activity in construction and other cyclical end markets. Pricing remains an important factor, as competitive dynamics and market conditions continue to impact margins.Chemical Segments: Silicones and Polymers Under Cyclical PressureThe polysilicon segment remains a key contributor to overall performance, with developments closely linked to the global solar market. In Q1, pricing trends, customer demand, and supply dynamics in the photovoltaic value chain continue to influence the segment's performance. At the same time, WACKER's diversified business model provides exposure to a wide range of industrial and technology-driven applications.Polysilicon: Exposure to Solar Market DynamicsOverall, the first quarter illustrates a market environment that remains in transition, with early signs of stabilization in some areas, while other parts of the portfolio continue to operate below previous levels. The presentation provides a detailed view on how WACKER is performing at the start of the year and how current market conditions are reflected in its Q1 results.Conclusion: Early Signs of Stabilization in a Transitional Market ▶️ Other videos:Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/Company Presentation: https://seat11a.com/investor-relations-company-presentation/Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/ESG Presentation: https://seat11a.com/investor-relations-esg/T&CThis publication is for informational purposes only and does not constitute investment advice. Using this website, you agree to our terms and conditions outlined on www.seat11a.com/legal and www.seat11a.com/imprint.

PALFINGER AG Q1 2026: Key TakeawaysPresented by Felix Strohbichler, CFOIn this seat11a presentation, PALFINGER CFO Felix Strohbichler provides a detailed overview of the company's Q1 2026 financial results and discusses the key developments that shaped the start to the year. The presentation covers PALFINGER's first quarter performance, operational progress, current market dynamics and management's priorities for the quarters ahead.Overview of PALFINGER's Q1 2026 Financial ResultsFelix Strohbichler outlines how PALFINGER performed in the opening months of 2026 and explains the main factors that influenced the quarter. He walks through the most important financial and operational developments, highlights the overall business momentum and provides context around how the company is managing through the current market environment. The presentation gives a clear picture of how PALFINGER entered the year and how management is approaching execution in the early part of 2026.Financial Performance in the First Quarter of 2026A central part of the discussion focuses on PALFINGER's financial performance in the first quarter. The video addresses revenue development, profitability trends, operational discipline and the broader factors that shaped the quarter. Felix Strohbichler explains how PALFINGER is balancing demand conditions, pricing, cost control and capacity management, while continuing to maintain a strong focus on execution across the business.Revenue, Profitability and Operational DisciplineThe presentation also touches on regional and market developments. Management comments on the demand environment in relevant markets, the current level of customer activity and the areas where PALFINGER continues to see stability, opportunities or a more cautious backdrop. This provides additional insight into the broader operating environment at the start of 2026 and how the company is responding across its business footprint.Regional and Market Developments in Early 2026Beyond the quarter itself, Felix Strohbichler also highlights PALFINGER's strategic priorities and ongoing operational initiatives. The discussion includes the company's continued focus on innovation, service, digitalisation, efficiency improvements and the further development of its global platform. PALFINGER continues to work on strengthening its market position through a combination of product quality, operational excellence and disciplined strategic execution.Strategic Priorities: Innovation, Service and DigitalisationThe video also includes management commentary on the outlook for the rest of 2026. Felix Strohbichler shares how PALFINGER views the current environment, what management is watching closely in the coming quarters and where the company's main operational focus lies as the year progresses. The outlook section provides a useful summary of PALFINGER's priorities and direction following the first quarter.Outlook for the Rest of 2026Overall, this PALFINGER Q1 2026 Financial Results presentation offers a clear and concise management update on the company's start to the year. It summarises PALFINGER's first quarter performance, operational execution, market backdrop and the company's outlook as 2026 continues. ▶️ Other videos:Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/Company Presentation: https://seat11a.com/investor-relations-company-presentation/Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/ESG Presentation: https://seat11a.com/investor-relations-esg/T&CThis publication is for informational purposes only and does not constitute investment advice. Using this website, you agree to our terms and conditions outlined on www.seat11a.com/legal and www.seat11a.com/imprint.

Mutares SE FY 2025: Key TakeawaysMutares FY 2025 Financial Results: Johannes Laumann Explains Strong Earnings, Exit Momentum and the Next Phase of GrowthPresented by Johannes Laumann, CIOMutares SE & Co. KGaA has built one of the most distinctive listed investment models in the European market. Rather than operating as a traditional industrial company, Mutares is a special situations private equity platform focused on acquiring businesses in transition, executing deep operational improvements, and ultimately monetising those investments through strategic exits. In this seat11a presentation, Johannes Laumann, CIO of Mutares, walks investors through the company's full year 2025 financial results and provides a timely update on the strength of the business model, portfolio maturity, and the outlook for 2026.Why the FY 2025 Results Matter for InvestorsThis FY 2025 results presentation is especially relevant because it comes at a point when Mutares is increasingly transitioning from a phase of rapid portfolio build-out into a phase where exit execution and holding-level monetisation are becoming more visible. For investors, that matters. While the group's reported revenues often reflect the scale of the underlying portfolio companies, the more important value driver at the listed holding level is the company's ability to generate sustainable net income from consulting revenues, portfolio contributions, bargain purchase effects, and, most importantly, successful exits.Mutares' Strategic Positioning in FY 2025In the FY 2025 update, Johannes Laumann gives a clear strategic overview of where Mutares stands today. The company continues to scale its platform across Europe and internationally, sourcing complex corporate carve-outs and underperforming businesses that larger strategic owners are willing to divest. This sourcing capability is one of the core pillars of the Mutares investment case. It allows the group to acquire businesses at attractive entry valuations, often in situations where operational complexity, restructuring needs, or carve-out execution create barriers for less specialised investors.The Core of the Mutares Business Model: Transformation After AcquisitionBut acquisition is only the starting point. The real differentiator in the Mutares model is what happens after closing. Through its operational teams and segment expertise, the company works intensively on repositioning assets, improving profitability, sharpening strategic focus, and preparing businesses for a later sale. This transformation capability is what underpins the credibility of the entire platform. The FY 2025 results show that this model continues to work at scale — not as a one-off success story, but as a repeatable industrialised process across a broad portfolio.Read More at: https://seat11a.com/company/mutares-se-financial-results-fy-2025/ ▶️ Other videos:Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/Company Presentation: https://seat11a.com/investor-relations-company-presentation/Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/ESG Presentation: https://seat11a.com/investor-relations-esg/T&CThis publication is for informational purposes only and does not constitute investment advice. Using this website, you agree to our terms and conditions outlined on www.seat11a.com/legal and www.seat11a.com/imprint.

In this seat11a deep dive presentation, Robert von Wülfing, CEO of Amadeus Fire Group, takes investors through the company's 2026 outlook and explains where management sees the most important drivers of revenue recovery, margin improvement, and earnings growth after a difficult FY 2025.Why the FY 2026 Outlook Matters for InvestorsFollowing a challenging 2025 marked by weak demand, lower hiring activity, delayed corporate decisions, and pressure across both the Personnel Services and Training segments, Amadeus Fire is now guiding for a visible recovery in FY 2026. Management's outlook includes group revenue of around €394 million and operating EBITA of approximately €31 million, implying a meaningful step-up from the depressed 2025 base. For investors, this makes the 2026 guidance especially important, as it provides the first clearer framework for evaluating whether the company can move from restructuring and cost control toward a more tangible earnings recovery.Personnel Services: Still Cautious Despite Long-Term Structural DemandA key focus of this deep dive is the expected contribution from the group's two core segments. In Personnel Services, management remains cautious. While Germany continues to face a structural shortage of skilled workers over the long term, short-term conditions remain difficult due to macroeconomic uncertainty, weaker hiring confidence, and reduced willingness among candidates to change jobs. As a result, the segment remains focused on productivity, efficiency, and protecting competitiveness while waiting for a more supportive demand environment.Training Segment: Strategic Growth and Margin Driver in 2026In contrast, the Training segment is positioned as a more important driver of the 2026 recovery story. Management highlights a much more positive earnings outlook in the B2G business, continued resilience in B2C training, and the strategic importance of the company's AI-first orientation. The recent acquisitions of Masterplan and eduBITES strengthen Amadeus Fire's exposure to scalable digital training, AI-enabled knowledge solutions, and recurring SaaS revenue, which could improve the quality of the group's revenue mix and support a stronger long-term margin profile. For investors, this makes the Training segment a particularly relevant area to watch as the company seeks to reposition itself beyond the cyclical weakness seen in 2025.Segment Mix: Training Gains Strategic Weight Within the Equity StoryManagement's 2026 guidance also includes a segment split of approximately €184 million revenue for Personnel Services and €210 million revenue for Training, highlighting the growing strategic importance of the Training business within the broader Amadeus Fire equity story. The central investment debate is therefore whether stronger Training momentum, lower restructuring drag, and continued cost discipline can offset the still-cautious backdrop in Personnel Services and drive a credible group-level earnings recovery in the year ahead. ▶️ Other videos:Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/Company Presentation: https://seat11a.com/investor-relations-company-presentation/Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/ESG Presentation: https://seat11a.com/investor-relations-esg/T&CThis publication is for informational purposes only and does not constitute investment advice. Using this website, you agree to our terms and conditions outlined on www.seat11a.com/legal and www.seat11a.com/imprint.

Amadeus Fire Group FY 2025 Financial Results Presented by Robert von Wülfing, CEO In this latest financial results presentation on seat11a, Robert von Wülfing, CEO of Amadeus Fire Group, presents the company's full year 2025 financial results, reviews the key drivers behind the weaker performance, and outlines the strategic priorities and 2026 guidance that could shape the next phase of the Amadeus Fire equity story.FY 2025 Performance: A Difficult Transition Year in a Weak German Economy Amadeus Fire closed 2025 in a highly challenging German macroeconomic environment, with weak GDP growth, cautious corporate decision-making, lower hiring activity, and subdued demand across both the Personnel Services and Training segments. Against this backdrop, the company reported a clear slowdown in business momentum, with group revenue declining by 16.8% to €363.6 million, landing within the guided range, while operating EBITA came in at €13.7 million. Excluding restructuring costs, adjusted operating EBITA reached €19.8 million, highlighting the significant year-on-year pressure on profitability and confirming that FY 2025 was a difficult transition year for the group. For investors, these figures underline the cyclical exposure of the business, but also set a low base for a potential earnings recovery in 2026.Strategic Execution in FY 2025: Cost Discipline, Restructuring and Digital Transformation A central theme of this presentation is that 2025 was not only a weak year operationally, but also an important year strategically. Management remained focused on cost discipline, efficiency measures, productivity improvements, and restructuring execution, while at the same time continuing to invest in higher-quality, more scalable growth areas. The most important strategic developments in FY 2025 were the acquisitions of Masterplan and eduBITES, two digital training and SaaS-driven businesses that materially strengthen Amadeus Fire's positioning in the digital B2B training market, expand exposure to recurring revenue, and support the company's ambition to build a more resilient and technology-enabled earnings profile. For investors focused on business quality, margin resilience, and recurring revenue visibility, these acquisitions are a key part of the longer-term investment case.Segment Outlook: Personnel Services vs Training as Different Recovery Drivers The presentation also makes clear that the group's two main segments are likely to contribute differently to the 2026 recovery story. In Personnel Services, Amadeus Fire continues to face short-term pressure from weak confidence, slower hiring decisions, and lower willingness among candidates to change jobs, even though the long-term structural shortage of skilled workers in Germany remains intact. In contrast, the Training segment is increasingly positioned as the strategic growth and margin lever, supported by improving conditions in publicly funded training, a stronger expected earnings contribution in the B2G business, and a clear AI-first strategy. The integration of Masterplan and eduBITES is therefore not just a tactical move, but potentially a meaningful step in transforming the quality of the group's future revenue mix.Read more: https://seat11a.com/company/amadeus-fire-ag-financial-results-fy-2025 ▶️ Other videos:Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/Company Presentation: https://seat11a.com/investor-relations-company-presentation/Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/ESG Presentation: https://seat11a.com/investor-relations-esg/T&CThis publication is for informational purposes only and does not constitute investment advice. Using this website, you agree to our terms and conditions outlined on www.seat11a.com/legal and www.seat11a.com/imprint.

Hypoport SE AI Deep Dive Part 3 of 3Why Artificial Intelligence Could Strengthen Hypoport SE's Business ModelIn Part 3 of 3 of this strategic Hypoport AI deep dive, Ronald Slabke, CEO of Hypoport SE, completes the series by addressing the most important long-term conclusion for investors: why could artificial intelligence ultimately strengthen the Hypoport SE business model rather than weaken it?In Part 1, the discussion focused on whether artificial intelligence can broadly disrupt the German mortgage market at all. In Part 2, Ronald Slabke explained why Europace, the core digital mortgage platform of Hypoport SE, may be particularly difficult to disrupt in the AI era because its moat is built not just on software, but on lender integration, workflow depth, transaction relevance, and ecosystem connectivity. In Part 3, the perspective now becomes more offensive: if AI improves automation, workflow quality, process speed, and data handling across the mortgage value chain, could that actually make Hypoport SE's platform architecture even more valuable over time?Why This Final Part Matters for the Hypoport Investment CaseRonald Slabke explains why Hypoport believes the answer is yes. The core argument is that Hypoport SE and Europace are already positioned as deeply embedded digital mortgage infrastructure platforms. If artificial intelligence increases the importance of automation, data quality, process efficiency, and intelligent workflow support, then platforms that already sit at the center of real mortgage transactions may be especially well placed to benefit.AI as a Force That Can Increase Platform ValueA central point in Part 3 is that artificial intelligence often creates the greatest value not at the edge of the market, but inside existing transaction infrastructure. AI can improve document handling, data extraction, workflow routing, comparison logic, process standardization, and decision support. These are all areas where a platform like Europace can potentially capture meaningful efficiency gains because it is already integrated into the operational heart of the German mortgage market.Where AI Can Create Value Inside Mortgage InfrastructureThis is a highly relevant strategic point for investors. If AI in mortgage finance becomes more important, the key question is not only who can build new tools, but who has the best position to apply those tools at scale across real transaction flows. Ronald Slabke's argument is that Hypoport SE may be advantaged precisely because it already connects lenders, advisers, and workflows through an established mortgage marketplace and digital mortgage platform.Why Hypoport May Be Well Positioned to Apply AI at ScaleAnother important theme in Part 3 is that AI can increase the value of existing ecosystem depth. In earlier parts of the series, Ronald Slabke explained why Europace is difficult to disrupt because of lender connectivity, adviser access, workflow integration, and transaction density. In this final segment, he takes that logic one step further: if AI improves efficiency and automation, then a platform with more connections, more process relevance, and more embedded workflows may have more opportunities to benefit from those improvements than a new entrant with limited market depth.Read More: https://seat11a.com/company/hypoport-se-deep-dive-ai-3/▶️ Other videos:Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/Company Presentation: https://seat11a.com/investor-relations-company-presentation/Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/ESG Presentation: https://seat11a.com/investor-relations-esg/T&CThis publication is for informational purposes only and does not constitute investment advice. Using this website, you agree to our terms and conditions outlined on www.seat11a.com/legal and www.seat11a.com/imprint.

Hypoport SE AI Deep Dive Part 2 of 3Why Europace May Be Particularly Difficult to Disrupt in the AI EraIn Part 2 of 3 of this strategic Hypoport AI deep dive, Ronald Slabke, CEO of Hypoport SE, builds directly on the framework established in Part 1 and turns to one of the most important investor questions in the series: why may Europace be particularly difficult to disrupt in the AI era?In the first video, the discussion focused on whether artificial intelligence can broadly disrupt the German mortgage market at all. In this second segment, the focus becomes more specific and more strategic for investors: even if AI in mortgage finance accelerates innovation, lowers software development costs, and enables new digital tools, does that automatically create a credible threat to Europace, the core digital mortgage platform of Hypoport SE?Why This Question Matters for Hypoport InvestorsRonald Slabke explains why Hypoport believes the answer is no. The reason is that Europace is not simply a software product. It is a deeply embedded mortgage marketplace infrastructure platform with long-standing lender connectivity, broad adviser access, integrated workflows, high transaction relevance, and significant ecosystem depth across the German mortgage market.Europace Is More Than a Software ProductA central point in Part 2 is that many observers overestimate the importance of software alone and underestimate the complexity of building a scaled digital mortgage platform in Germany. Artificial intelligence may make it easier to build front-end tools, user interfaces, automation layers, or workflow features. But according to Ronald Slabke, the real strategic moat of Europace lies elsewhere: in its role as a trusted infrastructure layer connecting lenders, intermediaries, advisers, and processes across the mortgage value chain.The Real Moat of Europace: Infrastructure, Not Just CodeThat moat is built on several structural advantages. First, lender integration is a major barrier. A marketplace only becomes valuable when a critical mass of banks and product providers is connected in a reliable and operationally efficient way. Second, distribution access matters just as much. Advisers and brokers need broad product availability, consistent workflows, and confidence that the platform can support real transaction execution. Third, workflow integration creates stickiness over time. Once a platform becomes embedded in day-to-day mortgage origination, documentation, comparison, and execution processes, replacing it becomes much more difficult than simply launching a new software tool.Lender Integration, Distribution Access and Workflow StickinessThis is where Europace stands out as more than just a mortgage comparison or front-end technology solution. It operates as a scaled mortgage transaction platform with real ecosystem depth. For investors following Hypoport SE, that distinction is critical. In the context of AI disruption, a new entrant may be able to build an attractive interface or automate selected functions. But recreating the lender relationships, process reliability, transaction density, and operational trust that define Europace is a much more demanding challenge...Read More: https://seat11a.com/company/hypoport-se-deep-dive-ai-part-2/▶️ Other videos:Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/Company Presentation: https://seat11a.com/investor-relations-company-presentation/Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/ESG Presentation: https://seat11a.com/investor-relations-esg/T&CThis publication is for informational purposes only and does not constitute investment advice. Using this website, you agree to our terms and conditions outlined on www.seat11a.com/legal and www.seat11a.com/imprint.

Hypoport SE Deep Dive 2025 | AI Impact on Europace & German Mortgage MarketHypoport SE AI Deep Dive Part 1 of 3Can Artificial Intelligence Disrupt the German Mortgage Market?In this first part of a three-part strategic video series, Ronald Slabke, CEO of Hypoport SE, shares Hypoport's perspective on one of the most relevant long-term questions currently facing financial services: how will artificial intelligence influence the German mortgage market, and what could that mean for digital mortgage platforms such as Europace?The purpose of this series is to help investors understand how Hypoport SE views the rise of artificial intelligence in mortgage finance. Rather than treating AI as a generic technology trend, Ronald Slabke approaches the topic from a practical capital-markets perspective: where can AI in the German mortgage market genuinely create disruption, where do structural barriers remain high, and why could established digital mortgage infrastructure platforms potentially benefit from the next phase of automation?Why This Hypoport AI Deep Dive Matters for InvestorsIn Part 1, Ronald Slabke focuses on the most fundamental question in the series: can artificial intelligence actually disrupt the German mortgage market? To answer this, he breaks the German mortgage value chain into three core layers — product suppliers, mortgage marketplaces and mortgage distribution — and explains where AI in mortgage finance could realistically have an effect, and where the barriers to disruption remain substantial.The German Mortgage Value Chain: Three Core Layers of Potential AI DisruptionThe first area is the product supplier layer, meaning banks and lenders that provide mortgage products to the market. Ronald Slabke discusses whether an AI-native lender or AI-first mortgage bank could emerge as a disruptive force in German mortgage lending. While artificial intelligence may improve underwriting, customer onboarding, and internal efficiency, Hypoport's view is that the structure of the German mortgage market remains difficult to disrupt from the lender side. Germany's mortgage ecosystem includes savings banks, cooperative banks, and regional institutions with different strategic incentives than pure private challengers. As a result, even if AI in banking lowers process costs, it does not automatically create a scalable path to broad market displacement.AI and the Product Supplier Layer in German Mortgage FinanceThe second layer is the mortgage marketplace and digital mortgage platform level, where Europace, the core platform of Hypoport SE, plays a central role. Ronald Slabke addresses whether artificial intelligence could make it easier for a new entrant to build a competing digital mortgage platform in Germany. Hypoport's position is that software alone is not the core moat. The true moat lies in ecosystem depth, lender connectivity, process integration, transaction volume, and trusted workflows between all participants in the value chain. In other words, AI may help build software faster, but it does not automatically recreate a scaled mortgage marketplace such as Europace.Read More: https://seat11a.com/company/hypoport-se-deep-dive-ai-impact-1/▶️ Other videos:Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/Company Presentation: https://seat11a.com/investor-relations-company-presentation/Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/ESG Presentation: https://seat11a.com/investor-relations-esg/T&CThis publication is for informational purposes only and does not constitute investment advice. Using this website, you agree to our terms and conditions outlined on www.seat11a.com/legal and www.seat11a.com/imprint.

ZEAL Network SE FY 2025: Key TakeawaysPresented by Andrea Behrendt, CFOZEAL Network SE presented its full year 2025 financial results, with CFO Andrea Behrendt outlining a year of continued profitable growth, improving operating quality, and further progress in strengthening the company's position as Germany's leading online lottery platform.The FY 2025 results are particularly noteworthy because ZEAL delivered strong growth despite a less supportive jackpot environment than in the prior year. This is an important point for investors, as it suggests that the company's performance is increasingly driven by internal operating execution rather than simply benefiting from unusually strong lottery jackpot cycles.Financial Performance: Revenue Growth and Profitability ExpansionFor the full year 2025, ZEAL reported revenue growth to €218.5 million, up from €188.2 million in the prior year. EBITDA increased to €68.8 million, while EBIT also moved higher, underlining the company's continued ability to scale profitably. Although reported net profit declined year-on-year, this was primarily influenced by prior-year tax effects rather than a deterioration in the underlying operating business.Core Lottery Brokerage: Main Earnings Driver with Strong ResilienceThe core lottery brokerage business remained the main earnings driver and again showed strong resilience. While overall billings growth was more moderate, ZEAL benefited from an improved product mix and stronger monetisation, which supported a clear increase in profitability within the lottery segment. This is one of the most important takeaways from the FY 2025 results: ZEAL was able to generate stronger revenue and earnings not simply by growing transaction volumes, but by improving the quality of its revenue base.Customer Development: Scale Expansion with Long-Term FocusCustomer development also remained positive. ZEAL continued to expand its active user base, demonstrating that the platform remains highly relevant even in a softer jackpot year. While acquisition costs increased, management's approach appears clearly focused on long-term customer value and continued scale expansion rather than maximising short-term margins at the expense of growth. From an investor perspective, that is an encouraging signal, as it reflects confidence in the long-term economics of the business model.Games Segment: Growing Importance as a Complementary Growth PillarAnother highlight of the FY 2025 results was the continued momentum in the games segment, which delivered strong double-digit growth and is becoming an increasingly relevant complementary pillar to the core lottery business. The combination of rising user activity and improving monetisation in games supports the broader strategic case that ZEAL is gradually diversifying beyond its traditional lottery brokerage base.Investment PerspectiveOverall, ZEAL's FY 2025 results reinforce the company's positioning as a highly cash-generative, scalable digital platform in a regulated and structurally attractive market. The company delivered revenue growth, expanded EBITDA, improved its underlying margin quality, and continued to invest in customer acquisition and product diversification. Most importantly, it achieved this in a year that was not unusually boosted by external jackpot conditions ....▶️ Other videos:Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/Company Presentation: https://seat11a.com/investor-relations-company-presentation/Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/ESG Presentation: https://seat11a.com/investor-relations-esg/T&CThis publication is for informational purposes only and does not constitute investment advice. Using this website, you agree to our terms and conditions outlined on www.seat11a.com/legal and www.seat11a.com/imprint.

Wacker Chemie AG FY 2025: Key TakeawaysPresented by Joerg Hoffmann, Head of Investor RelationsWacker Chemie AG presented its full year 2025 financial results, with Joerg Hoffmann, Head of Investor Relations, guiding investors through a difficult but strategically important reporting period that may mark the turning point in the company's current earnings cycle.The FY 2025 presentation is significant because it combines two elements that investors care deeply about in cyclical industrial and chemical names: first, a clear acknowledgment of operational weakness, and second, a decisive strategic response. WACKER's results show that 2025 was one of the most challenging years in recent memory, as weak demand, pricing pressure, elevated energy costs in Germany, and continued overcapacity in key chemical markets weighed on earnings across multiple divisions. Public reports around the annual release indicate that group sales declined 4% to €5.49 billion, reported EBITDA fell 43% to €427 million, and the company posted a net loss of €805 million.FY 2025 as a Reset Year Rather Than Just a Weak YearAt first glance, those numbers are clearly weak. But the deeper capital-markets message is more nuanced. FY 2025 appears to be a reset year rather than simply a bad year. The company also reported EBITDA before special effects of €529 million, suggesting that while the underlying business was under pressure, the reported figures were further impacted by restructuring charges and other non-recurring items tied to strategic action.PACE: The Largest Cost-Saving Initiative in WACKER's HistoryThat strategic action is the centerpiece of the presentation: the launch of PACE, the largest cost-saving initiative in WACKER's history. The program targets more than €300 million in annual savings by 2027–2028 and includes major reductions in fixed production and administrative costs, as well as more than 1,500 job cuts.This is a major signal to investors that management is not waiting for the cycle to improve on its own. Instead, WACKER is actively resizing its cost base to rebuild profitability and improve competitiveness.Segment Performance: Broad-Based Pressure Across the PortfolioFrom a segment perspective, the results show that pressure was broad-based. Silicones remained the largest division and held up comparatively better, with only a modest EBITDA decline despite weaker market conditions.Polymers suffered from continued softness in construction-related demand, while Biosolutions remained strategically interesting but too small to offset broader weakness.Polysilicon, one of the most closely watched businesses, experienced a sharp earnings decline as margin pressure intensified in a volatile market environment. This broad-based weakness is important because it explains why the group could not rely on diversification alone to protect earnings in 2025.From Cyclical Exposure to Active Turnaround StoryFor investors, the most important takeaway is that WACKER is now shifting from a passive cyclical story to a more active turnaround and self-help story. The company is not only waiting for better end-market demand in silicones, polymers, and polysilicon. Read more on: https://seat11a.com/company/wacker-chemie-ag-financial-results-fy-2025/ ▶️ Other videos:Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/Company Presentation: https://seat11a.com/investor-relations-company-presentation/Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/ESG Presentation: https://seat11a.com/investor-relations-esg/T&CThis publication is for informational purposes only and does not constitute investment advice. Using this website, you agree to our terms and conditions outlined on www.seat11a.com/legal and www.seat11a.com/imprint.

LEG Immobilien SE FY 2025: Key TakeawaysPresented by Frank Kopfinger, Head of Investor RelationsLEG Immobilien SE presented its full year 2025 financial results, with Frank Kopfinger, Head of Investor Relations, guiding investors through a year defined by record recurring cash flow, resilient operating performance, and continued strategic execution in a still-demanding German real estate market.The FY 2025 results are particularly important because LEG remains one of the clearest listed proxies for affordable residential housing in Germany. At a time when the sector continues to be shaped by higher financing costs, tighter capital market conditions, and ongoing debate around property valuations, LEG delivered a strong operational result that reinforces the defensive quality of its business model.Record AFFO Highlights Defensive Cash Flow QualityThe most important headline from the FY 2025 presentation is the company's record Adjusted Funds From Operations, or AFFO, which rose by 10% year on year to €220.5 million. AFFO per share increased to €2.92, and management proposed a dividend of the same amount, representing an 8% increase over the prior year and a full 100% payout of AFFO. This is a strong signal of confidence in the quality and sustainability of the company's recurring cash generation.Key Drivers of FY 2025 PerformanceThe result was driven by several factors. First, LEG benefited from the successful and rapid integration of the BCP portfolio, which increased the total number of residential units in the portfolio to roughly 171,360 despite offsetting disposals.Second, the company continued to benefit from robust demand for affordable housing, allowing it to generate stable rental growth in both regulated and free-financed segments.Third, value-add services and ongoing digitalization initiatives contributed additional support to earnings and medium-term growth visibility.Portfolio Quality and Affordable Housing PositioningFrom a portfolio perspective, LEG remains well positioned. With around 171,000 apartments and approximately 500,000 residents, the company is one of the largest listed residential landlords in Germany.The portfolio's average rent of roughly €7 per square metre underscores its strong focus on affordability, which continues to support high occupancy, low volatility, and structurally resilient demand. This is one of the core reasons why LEG's cash flows remain comparatively predictable even when the broader property sector is under pressure.Capital Discipline and Portfolio OptimizationAnother key point for investors is capital discipline. LEG continues to balance dividend payments with deleveraging and selective portfolio management.During 2025, the company sold or agreed the sale of around 3,100 apartments for approximately €250 million, with further transactions expected to close in 2026. These disposals help optimize the portfolio, generate liquidity, and support a more resilient balance sheet without undermining earnings guidance.Read more on this link.▶️ Other videos:Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/Company Presentation: https://seat11a.com/investor-relations-company-presentation/Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/ESG Presentation: https://seat11a.com/investor-relations-esg/T&CThis publication is for informational purposes only and does not constitute investment advice. Using this website, you agree to our terms and conditions outlined on www.seat11a.com/legal and www.seat11a.com/imprint.

Hypoport SE FY 2025 Financial ResultsPresented by Ronald Slabke, CEOHypoport SE presented its full year 2025 financial results, with CEO Ronald Slabke outlining the company's performance across its platform ecosystem and providing an update on the recovery trajectory in Germany's mortgage finance and digital financial services markets.The FY 2025 presentation is particularly important because Hypoport operates at the center of several structurally significant but cyclical markets. Through platforms such as Europace and its broader insurance and real estate software activities, the company offers investors a direct lens into the state of German mortgage demand, financial intermediation, and digitalization across housing-related services.Market Context: Recovery After a Severe Housing Finance DownturnA central theme of the presentation is likely to be the normalization of market conditions following one of the most difficult periods for the German housing finance sector in recent years. After sharp disruptions caused by rising interest rates, lower property transaction volumes, and weaker borrower confidence, investors are now increasingly focused on whether the sector has passed its trough and whether digital transaction volumes are beginning to recover in a more sustainable way.Credit Platform: Europace as the Core Earnings EngineAt the heart of the Hypoport story remains the Credit Platform segment, led by Europace. This platform is one of the most important digital infrastructures in German mortgage finance, connecting banks, savings institutions, brokers, and financial intermediaries through a highly scalable digital marketplace.For FY 2025, investors will pay particular attention to mortgage transaction volumes, partner activity, and any signs that market recovery is translating into stronger throughput and improved monetization on the platform.Insurance Platform: Building a More Diversified Earnings BaseBeyond mortgage finance, Hypoport's Insurance Platform is increasingly important to the group's long-term investment case. This segment supports the broader strategic narrative that Hypoport is more than a housing-cycle company.By expanding recurring, software-driven, and process-critical infrastructure for the insurance sector, the company is building a more diversified and potentially more resilient earnings base. If this segment continues to scale well, it strengthens the case for a higher-quality platform valuation over time.Real Estate Platform and Software: Expanding the EcosystemThe Real Estate Platform and housing-related software businesses also remain relevant, especially as the broader property ecosystem continues to demand efficiency, digital workflows, and better process integration even in subdued market environments.This supports the long-term thesis that Hypoport is building infrastructure layers across multiple adjacent markets rather than relying solely on one cyclical product category.....Read More on website.. https://seat11a.com/company/hypoport-se-financial-results-fy-2025/▶️ Other videos:Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/Company Presentation: https://seat11a.com/investor-relations-company-presentation/Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/ESG Presentation: https://seat11a.com/investor-relations-esg/T&CThis publication is for informational purposes only and does not constitute investment advice. Using this website, you agree to our terms and conditions outlined on www.seat11a.com/legal and www.seat11a.com/imprint.

PALFINGER AG reported its FY 2025 results, presented by CFO Felix Strohbichler, highlighting resilient profitability despite a mixed global market environment.The company maintained solid margins, strong cash generation and continued operational improvements across its global manufacturing network. PALFINGER AG benefits from structural demand drivers including infrastructure investment, logistics modernization and electrification.Management continues to focus on efficiency programs, service expansion and innovation in lifting technologies. Despite cyclical end markets, PALFINGER AG remains well positioned for long-term growth as a global leader in material handling and crane solutions.▶️ Other videos:Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/Company Presentation: https://seat11a.com/investor-relations-company-presentation/Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/ESG Presentation: https://seat11a.com/investor-relations-esg/T&CThis publication is for informational purposes only and does not constitute investment advice. Using this website, you agree to our terms and conditions outlined on www.seat11a.com/legal and www.seat11a.com/imprint.

eDreams ODIGEO Q3 FY26 Financial Results: Subscription Powerhouse Accelerating Toward €270M Cash EBITDA TargetPresented by CFO David de la ElizagaDavid de la Elizaga, CFO of eDreams ODIGEO, presented the company's Q3 FY26 results (nine months ending 31 December 2025), outlining a business undergoing a structural transition — but from a position of operational strength.Strong Underlying ProfitabilityAdjusted EBITDA increased 74% year-on-year to €138.4 million, demonstrating the resilience of the core business. This metric excludes the temporary cash timing impact resulting from the shift from annual upfront Prime subscriptions to annual subscriptions paid in monthly instalments.Cash EBITDA reached €126.7 million (+2% YoY), despite:Investments in new products and geographiesTemporary instability in Ryanair contentSubscription payment timing effectsImportantly, profitability per transaction improved:Cash Marginal Profit rose to €207.8 million (+3%)Cash Marginal Profit Margin expanded to 42%Cash EBITDA margin improved to 26%This signals increasing operating leverage as the Prime member base matures.Prime Membership: The Core Growth EnginePrime subscribers reached 7.7 million (+13% YoY), increasing to 7.8 million in January. Management reaffirmed the FY26 target of 7.9 million members.Prime-related revenue now represents 75% of Cash Revenue Margin, confirming the structural shift from transactional OTA to subscription-led travel platform.Higher customer lifetime value and improved loyalty metrics (+10% increase in NPS) further support the long-term model.Strategic Transition: Short-Term Cash Timing, Long-Term Value CreationThe move to annual subscriptions paid monthly causes a temporary “one-time unwind” in cash metrics. However, the cash remains contractually secured and is collected over 12 months rather than upfront.This shift expands total addressable market, accelerates subscriber growth and diversifies revenue streams.By FY30, management targets:13+ million Prime members€270+ million Cash EBITDA1.5–2.0 million net adds annually (FY28–FY30)Cash EBITDA margin dip to ~15% in FY27 (investment year)Margin recovery to 23% by FY30By FY30, 66% of volume will be diversified away from core European flight exposure.Valuation DisconnectAt current share prices, the company trades at:4.4x FY26 Cash EBITDA4.0x Adjusted EBITDAThis compares with:~8.3x Global OTA average~11.0x B2C subscription averageManagement believes the market significantly undervalues the structural improvement in business quality and long-term cash generation.Capital Allocation & Shareholder ReturnseDreams reinforces confidence through aggressive capital return:€23M shares repurchased this quarter€100M buyback commitment through September 202712M shares already amortised (9.4% of share capital)~24% of market capitalization pending repurchase at current pricesThis implies an exceptional yield profile rarely seen in growth-phase companies.Investment ThesiseDreams ODIGEO is transitioning into a high-margin, recurring revenue travel subscription leader.Despite temporary cash timing headwinds, operational profitability, subscription growth and strategic diversification remain intact.▶️ Other videos:Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/Company Presentation: https://seat11a.com/investor-relations-company-presentation/Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/ESG Presentation: https://seat11a.com/investor-relations-esg/T&CThis publication is for informational purposes only and does not constitute investment advice. Using this website, you agree to our terms and conditions outlined on www.seat11a.com/legal and www.seat11a.com/imprint.

JOST Werke SE delivered a resilient performance in FY 2025 despite a mixed macroeconomic backdrop across global commercial vehicle markets. While freight volumes and trailer registrations normalized in parts of Europe and North America, structural demand drivers such as fleet renewal, efficiency requirements, and regulatory standards remained intact.Revenue remained stable, supported by geographic diversification and a broad product portfolio spanning truck and trailer systems, axle solutions, and agricultural components. The company maintained a solid adjusted EBITDA margin, demonstrating strong pricing discipline and cost control. Operating and free cash flow generation remained robust, underlining JOST's structural cash-generative profile.Margin stability in a moderating demand cycle reflects operational improvements implemented in recent years, including supply chain optimization, procurement efficiencies, and production flexibility. Agricultural and aftermarket activities provided additional resilience, while strong OEM relationships across Europe, North America, and Asia supported global positioning.The balance sheet remains solid, with controlled leverage, a healthy equity ratio, and continued deleveraging. Capital allocation stays disciplined, prioritizing organic growth, selective M&A, and sustainable shareholder returns.Strategically, JOST focuses on efficiency programs, digitalization, lightweight components, and sustainability-driven innovation. Electrification and evolving safety standards in commercial transport represent long-term growth opportunities.Overall, FY 2025 confirms JOST's ability to navigate cyclical fluctuations while protecting margins and cash flow — reinforcing its positioning as a structurally improved, financially disciplined industrial supplier within global transport supply chains.▶️ Other videos: Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/ Company Presentation: https://seat11a.com/investor-relations-company-presentation/ Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/ ESG Presentation: https://seat11a.com/investor-relations-esg/ T&C This publication is intended solely for informational purposes and does not constitute investment advice. By using this website, you agree to our terms and conditions as outlined on www.seat11a.com/legal and www.seat11a.com/imprint.

eDreams ODIGEO's Deep Dive: Key TakeawaysPresented by CFO David ElizagaeDreams ODIGEO is entering what management describes as a decisive inflection point in its corporate development. In this deep dive, David Elizaga, Chief Financial Officer, outlines why the company's recent strategic shift represents not a defensive adjustment but a high-conviction move designed to unlock a significantly larger addressable market and a more predictable earnings profile over the long term.A Strategic Reset Focused on Long-Term Value CreationManagement begins by directly addressing the sharp share price correction of roughly 60 percent following the November 2025 strategy update. The market reaction was driven primarily by the decision to introduce a monthly payment option for Prime subscriptions alongside the existing annual model.This change results in a one-time cash unwind in the short term, temporarily depressing reported Cash EBITDA and free cash flow in FY26 and FY27. Crucially, CFO David Elizaga stresses that this is a timing effect rather than a loss of value. The cash is still contractually secured but received over twelve months instead of upfront.In essence, eDreams is deliberately trading near-term cash acceleration for structurally higher market penetration, faster subscriber growth, and a more diversified revenue base.Why the Monthly Model Is a Growth CatalystThe introduction of monthly Prime subscriptions materially lowers the entry barrier for customers and significantly expands the total addressable market. Management now targets more than 13 million Prime members and over €270 million in Cash EBITDA by FY30.Beyond scale, the business mix improves meaningfully. The Prime platform becomes less dependent on European flights and increasingly diversified across geographies and travel products. By FY30, more than two thirds of volumes are expected to be generated outside the traditional European flight segment.Importantly, this transition is not theoretical. eDreams has already demonstrated its ability to scale Prime from roughly two million to over seven million members, giving management strong confidence in execution.Track Record of Delivering on Long-Term PlansA central pillar of the investment case is credibility. Since David Elizaga became CFO, eDreams has executed three long-term strategic plans, each time delivering on the guidance provided.The current strategy is framed as a continuation of this disciplined approach. Management highlights that the 2021 strategic plan involved significantly higher risk and was delivered successfully despite severe external shocks including the pandemic aftermath, geopolitical conflicts, inflation, and weak consumer sentiment.Against this backdrop, the CFO argues that the current valuation reaction does not reflect execution reality.Valuation Disconnect and Market AssumptionsManagement identifies a pronounced disconnect between internal expectations and sell-side valuation frameworks. Analysts are currently applying conservative assumptions across multiple dimensions....▶️ Other videos: Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/ Company Presentation: https://seat11a.com/investor-relations-company-presentation/ Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/ ESG Presentation: https://seat11a.com/investor-relations-esg/ T&C This publication is intended solely for informational purposes and does not constitute investment advice. By using this website, you agree to our terms and conditions as outlined on www.seat11a.com/legal and www.seat11a.com/imprint.

Presented by CFO Michael SchneidersBrain Biotech AG has concluded the 2024/25 financial year with a clear strategic signal to capital markets: the company is increasingly translating its technology platform into tangible financial results through disciplined monetization, operational focus, and strict cost control.In the FY 2024/25 results presentation, Michael Schneiders, Chief Financial Officer, outlines how Brain Biotech is progressing from a technology-driven innovation platform toward a more cash-generative, scalable industrial biotechnology group.Strategic Focus: From Innovation to MonetizationThe 2024/25 financial year marked an important transition phase for Brain Biotech. Management placed a strong emphasis on monetizing selected assets and projects while maintaining technological leadership in enzyme innovation and industrial biotechnology.Rather than pursuing broad expansion, the company focused on converting prior R&D investments into measurable economic outcomes. This included milestone payments, licensing income, and structured partnerships, particularly within the enzyme and biocatalysis segments. These initiatives underline Brain Biotech's ability to extract value from its technology portfolio without diluting strategic optionality.Cost Discipline and Margin StabilizationA defining feature of FY 2024/25 was the company's strict cost discipline. Brain Biotech implemented targeted efficiency measures across the organization, prioritizing high-value activities while reducing structural overhead.This disciplined approach helped stabilize margins despite a challenging macroeconomic environment for biotechnology and life sciences companies. Management made clear that profitability and cash preservation are now core steering metrics, reinforcing investor confidence in Brain Biotech's financial governance.Core Segment: Enzyme and Industrial Biotechnology GrowthThe enzyme business remains the operational backbone of Brain Biotech. The company continues to benefit from long-term structural demand for sustainable, energy-efficient, and biodegradable solutions across food, life sciences, and industrial applications.Brain Biotech's integrated platform—combining biodiversity libraries, AI-supported enzyme discovery, and proprietary strain engineering—provides a competitive advantage in addressing customer-specific applications. Importantly, the company is increasingly shifting toward higher-margin, proprietary enzyme products rather than purely project-based revenues.AI as a Competitive AcceleratorArtificial intelligence plays a growing role in Brain Biotech's operating model. Management emphasized that AI is not a standalone strategy but a productivity and speed enhancer across enzyme discovery, optimization, and commercialization.By integrating AI-driven tools into its R&D and development processes, Brain Biotech shortens time-to-market, improves success rates, and strengthens customer value propositions—an increasingly relevant differentiator in industrial biotechnology.Financial Position and Capital AllocationFrom a balance sheet perspective, Brain Biotech remains focused on financial resilience. Cash management, selective capital allocation, and disciplined investment decisions underpin the group's medium-term strategy.Management reiterated that future growth will be driven primarily by organic expansion in the enzyme segment, complemented by selective monetization of non-core or mature assets. M&A remains opportunistic rather than mandatory, ensuring financial flexibility in volatile markets... ..T&C This publication is intended solely for informational purposes and does not constitute investment advice. By using this website, you agree to our terms and conditions as outlined on www.seat11a.com/legal and www.seat11a.com/imprint.

Daldrup & Soehne AG Elevator Pitch 2025 | Geothermal Drilling & Energy Transition GrowthDaldrup & Soehne AG Elevator Pitch: Key TakeawaysThis elevator pitch introduces Daldrup & Soehne AG as a specialized, family-run drilling services provider focused on geothermal energy and sustainable infrastructure. CEO Andreas Toennies highlights the company's business model, operational strengths, and growth drivers, positioning Daldrup as a key enabler of Europe's energy and heat transition.Business Areas and Operational ScopeDaldrup & Soehne operates in four business areas: geothermal energy, raw materials and exploration, water extraction, and EDS (environmental, development, and special drilling services), mainly in the DACH and Benelux regions. With nearly 80 years of history and over 40 years of CEO experience, the company stands out for its unmatched drilling capabilities in Europe, covering depths from near-surface to deep geothermal projects up to 6,000 meters.Scale, Workforce, and Asset BaseIn 2024, Daldrup reported total output of approximately EUR 54.5 million and employs about 160 specialists. To meet growing demand, the company recently hired 30 additional drilling professionals and continues to invest in its assets. Daldrup operates 45 drilling rigs, all maintained for high utilization and efficiency.Recent investments include two advanced universal drilling rigs with a 65-ton hook load, both fully booked long-term and enhancing capacity for medium-depth geothermal and infrastructure projects.Market Visibility and Project Selection DisciplineDaldrup's strong market visibility and disciplined project selection are key value drivers. The company uses a probability-weighted approach to evaluate projects, ensuring resources are directed to the most attractive opportunities. Despite securing two major geothermal contracts, Daldrup's processed market volume is about EUR 325 million, reflecting sustained demand and a strong growth pipeline.Geothermal Energy as a Structural Growth MarketThe pitch emphasizes geothermal energy as a structural growth market. Recent German legislation, especially the Geothermal Acceleration Act (GeoBG), has improved the regulatory framework by shortening approval times and prioritizing geothermal projects. Combined with exploration-risk insurance and public financing, these measures reduce project risk and are expected to accelerate geothermal deployment across municipalities and utilities.Strategy, Profitability Targets, and Capital AllocationStrategically, Daldrup aims to translate these factors. Daldrup's strategy is to leverage favorable market conditions by maintaining a streamlined corporate structure and investing in drilling capacity and personnel. The company targets a sustainable EBIT margin above 10% plus X and aims for outsized growth as geothermal energy and specialized drilling services expand.profitability, a strong equity ratio, and solid cash generation. The company's share price performance since early 2025 has significantly outperformed major indices, reflecting growing investor confidence. Shareholders also participated directly in this success, with a dividend payout ratio of 45%—the first in a decade—underscoring Daldrup's commitment to capital market credibility and disciplined capital allocation.▶️ Other videos: Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/ Company Presentation: https://seat11a.com/investor-relations-company-presentation/ Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/ Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/ ESG Presentation: https://seat11a.com/investor-relations-esg/ T&C This publication is intended solely for informational purposes and does not constitute investment advice. By using this website, you agree to our terms and conditions as outlined on www.seat11a.com/legal and www.seat11a.com/imprint.

Carl Zeiss Meditec AG FY 2024/25: Key TakeawaysCarl Zeiss Meditec FY 2024/25 Financial ResultsStrategic Realignment Drives Resilient Growth and Sets the Stage for Margin ExpansionIn its FY 2024/25 financial results presentation, Carl Zeiss Meditec Group demonstrates that it remains firmly positioned in structurally attractive global healthcare technology markets, while simultaneously acknowledging the need for sharper execution and strategic focus to unlock its full earnings potential. The year was marked by solid revenue growth, robust order intake, and the first tangible effects of a broader strategic realignment aimed at restoring profitability momentum over the medium term.Solid Top-Line Growth and Strong Order MomentumCarl Zeiss Meditec delivered reported revenue of approximately €2.23 billion in FY 2024/25, reflecting solid growth compared with the prior year. On a foreign-exchange adjusted basis, revenue growth was clearly positive, supported by a combination of organic demand and the full-year consolidation of DORC in Ophthalmology. Order intake developed particularly strongly, increasing at a double-digit rate year-on-year on a constant-currency basis, resulting in a healthy order backlog that underpins revenue visibility into the new fiscal year.Growth was broad-based across regions. EMEA and the Americas showed especially strong momentum, while Asia-Pacific continued to contribute meaningfully despite a more challenging environment in China. Importantly for investors, order entry growth outpaced revenue growth, signalling ongoing demand strength across key product categories and geographies.Earnings: Stable EBITA Amid Headwinds, Adjusted Margin ImprovementOn the profitability side, EBITA increased slightly year-on-year, landing broadly in line with management guidance. Reported EBITA margin declined modestly compared with the prior year, reflecting a combination of adverse foreign exchange effects, US tariff-related headwinds, and a prior-year one-off gain related to the Topcon settlement. On an adjusted basis, however, EBITA margin improved, underlining the underlying progress in operating efficiency.A key positive driver was the reduction in underlying operating expenses excluding DORC effects, particularly through lower R&D spending and reduced integration costs. This demonstrates early discipline in capital allocation and cost management, even as the company continues to invest selectively in future growth areas.Segment Performance: Ophthalmology Strengths Offsets Microsurgery TransitionOphthalmology remained the group's core earnings pillar. Consumables, premium intraocular lenses, and the full-year contribution from DORC drove revenue growth in this segment. Margin expansion in Ophthalmology was supported by operating leverage and improved cost discipline, reinforcing the segment's role as the primary value driver within the portfolio.Microsurgery, while showing a recovery in revenue momentum toward year-end, continued to face margin pressure due to product mix effects, delayed ramp-up of new systems, and ongoing investments in commercialization and market development. Management clearly positioned this as a transitional phase, with expectations of improved profitability as new products scale and operational measures take effect.....▶️ Other videos: Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/ Company Presentation: https://seat11a.com/investor-relations-company-presentation/ Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/ Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/ ESG Presentation: https://seat11a.com/investor-relations-esg/ T&C This publication is intended solely for informational purposes and does not constitute investment advice. By using this website, you agree to our terms and conditions as outlined on www.seat11a.com/legal and www.seat11a.com/imprint.

Amadeus Fire AG Deep Dive: Q&ABuilding AI-Literate Organisations: A Strategic FrameworkIn this deep dive, Amadeus Fire Group's Chief Operating Officer, Monika Wiederhold, outlines a comprehensive framework for building AI-literate organisations, addressing one of the most pressing structural challenges in today's corporate landscape. However, organizations may face barriers such as resource constraints, resistance to change, or skill gaps that could hinder implementation. Recognizing these challenges upfront enables leaders to develop targeted strategies for overcoming them.Wiederhold emphasizes that AI is no longer a specialised skill for data scientists but a shared responsibility across all levels, from supervisory boards to trainees. Recognizing this can foster a sense of collective purpose and motivate every employee to engage in AI learning quickly and continuously.The Three-Layer Learning ModelWiederhold introduces a structured, three-layer learning model that companies must adopt to remain competitive:1. Horizontal Learning (AI fundamentals for everyone)The foundational layer focuses on universal AI knowledge, including responsible AI use, prompting, AI basics, legal obligations, and workplace tools such as Microsoft Copilot. These skills must be mandatory and company-wide to create a shared understanding of AI's applications and risks. Horizontal learning provides the organisational baseline that enables fast adoption and prevents knowledge silos.2. Vertical Learning (AI skills tailored to each function)Different functions require specialised AI training to enhance productivity and decision-making in their respective domains.Examples include:– Accounting: AI-supported financial workflows, automated reconciliation, and specialised certifications created within the Amadeus Fire Group.– Marketing: Creative AI tools, generative content systems, text-to-image/video technologies, and performance optimisation.– HR: Recruiting agents, interview support tools, talent analytics, and skills-matching agents.This vertical layer ensures that AI is embedded in day-to-day business processes.3. Continuous Micro-Learning (staying up-to-date with rapid AI evolution)Given the pace of AI innovation, traditional annual or quarterly learning formats are insufficient. Wiederhold emphasises the need for high-frequency learning routines—daily or weekly micro-learning modules that update employees on new tools, techniques, regulations, and best practices. Monthly learning cycles are already too slow for AI's development curve.Operationalising the AI Learning ArchitectureOnce these three content layers are defined, organisations must address the critical question of how to operationalise them. Wiederhold highlights several structural enablers that determine whether AI learning can scale:A Dedicated Digital Learning PlatformCompanies need an integrated platform capable of:– distributing learning content at scale,– personalising training paths,– adapting to different skill levels,– surfacing relevant micro-learning content,– enabling horizontal, vertical, and continuous learning simultaneously.This platform becomes the organisational backbone for developing AI capabilities.▶️ Other videos: Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/ Company Presentation: https://seat11a.com/investor-relations-company-presentation/ Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/ Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/ ESG Presentation: https://seat11a.com/investor-relations-esg/ T&C This publication is intended solely for informational purposes and does not constitute investment advice. By using this website, you agree to our terms and conditions as outlined on www.seat11a.com/legal and www.seat11a.com/imprint.

Matador AG Elevator Pitch: Key TakeawaysOverview of Matador Secondary Private Equity AGMatador Secondary Private Equity AG is a Swiss-listed investment company focused exclusively on the secondary private equity market, offering shareholders access to an asset class that has reliably delivered stable, double-digit returns for more than two decades. Founded in 2005 in Sarnen, Switzerland, the company invests in mature private equity fund stakes acquired at discounts to NAV, typically in the fund's years 4–6. This approach reduces blind-pool risk, accelerates cash distributions, and provides consistent visibility on portfolio quality.Investment Strategy and Market PositioningMatador's strategy is built on acquiring fund positions from high-quality private equity managers, often from sellers such as pension funds, family offices, or institutional investors who need liquidity or must rebalance portfolios. Because more than 50% of committed capital in these funds is typically already invested, Matador benefits from immediate exposure to existing portfolios, early distributions, and lower risk than primary private equity commitments.Portfolio Diversification Across Regions and StrategiesThe company's portfolio is broadly diversified across regions, vintages, sectors, and investment styles, with exposure to more than 1,000 underlying companies. The core allocation focuses on U.S. mid- and small-cap buyouts, where operational improvements, buy-and-build strategies, and more resilient M&A activity drive steady value creation. The portfolio is complemented by selective exposure to large buyout, growth equity, and technology-oriented funds to ensure balanced long-term performance.Compounding Effect Through Continuous ReinvestmentA key differentiator of Matador's model is the continuous reinvestment of cash flows from underlying fund distributions, enabling ongoing portfolio expansion without additional capital outflows. Over time, this creates a powerful compounding effect. The company structure also eliminates redemption pressure or forced exits, allowing the investment horizon to remain fully long-term.Long-Term Track Record and Shareholder AlignmentMatador's track record reflects this disciplined approach: since inception in 2005, the company has generated more than 12% annual performance in CHF, supported by the stability and structural advantages of secondary private equity. Management, as the largest shareholder, is deeply aligned with investors, fostering trust and shared commitment. Costs remain lean and performance-driven, reinforcing the company's scalability and reliability.Investor TakeawayFor shareholders, Matador offers transparent and liquid access to an institutional-grade private equity strategy with a proven return profile, broad diversification, limited cyclicality, and attractive long-term compounding. This approach aims to make private equity more understandable and accessible, fostering confidence in the investment process.▶️ Other videos: Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/ Company Presentation: https://seat11a.com/investor-relations-company-presentation/ Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/ Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/ ESG Presentation: https://seat11a.com/investor-relations-esg/ T&C This publication is intended solely for informational purposes and does not constitute investment advice. By using this website, you agree to our terms and conditions as outlined on www.seat11a.com/legal and www.seat11a.com/imprint.

Mutares SE Deep Dive: Key TakeawaysOverview of Mutares SEMutares SE is one of Europe's most recognised specialists for turnarounds, special situations, and complex corporate carveouts, operating in an environment where operational execution, speed, and disciplined risk management determine long-term value creation. In this deep dive, CIO Johannes Laumann provides a direct, transparent look at the strategic mechanics behind Mutares' model — addressing the questions institutional investors ask most frequently.Investors are particularly interested in how Mutares approaches restructuring, manages cyclical risks, generates distributable income, and sustains its rapid growth. Throughout the conversation, Laumann highlights one recurring theme: Mutares succeeds because it is an operational machine, built around hands-on transformation rather than financial engineering.1. Restructuring Approach: Turning Distress into ValueLaumann begins by outlining Mutares' core operating principle: identify risks, quantify them, and actively eliminate them through a structured transformation plan.The heart of Mutares' value creation is its 160-person operations team. These experts are embedded inside portfolio companies on the ground. They execute restructuring, stabilise operations, redesign processes, reduce costs, fix supply chains, professionalise management, and ultimately return the company to sustainable profitability.Unlike many private equity firms, Mutares does not rely on financial structuring as a driver of turnaround. Its edge lies in industrial know-how and day-to-day involvement — “hands dirty” ownership.The main risks?* The depth of operational damage at acquired companies* The pace required to stop financial leakage* Market environments that may slow demand recovery* Management resistance or cultural inertiaBut Mutares mitigates this through granular risk plans, rapid execution, and team-based pressure. Structurally, Mutares buys at low valuations. This creates a strong asymmetry between risk and upside.2. How Cycles Affect Mutares — and Why They Create OpportunityInvestors often worry about cyclicality. Laumann explains that Mutares' portfolio is intentionally diversified across economic cycles:• Automotive → early cycle* Engineering & Technology → late cycle* Infrastructure & Defense → late cycle, stable demand* Goods & Services → non-cyclicalThis allows weakness in one segment to be offset by strength in others.But the more important dynamic is this: economic uncertainty is good for Mutares.• During downturns → more distressed sellers → better buying opportunities* During boom phases → higher demand for assets → better exit valuationsTherefore, Mutares benefits in both phases of the cycle. This is unusual for a private equity model.3. Dividend Strategy and Shareholder ReturnsMutares follows a simple, transparent payout philosophy:Base dividend: €2 per sharePerformance dividend: paid when exits and results exceed expectationsThis aligns shareholder rewards directly with operational and exit success. Laumann reiterates that Mutares distributes its earnings. It only distributes what it earns, ensuring a clean and sustainable capital return policy.4. How Mutares Generates Income and Cash FlowMutares' financial architecture is unique and easy to understand.It has three income streams, directly tied to its business model:1. Consulting incomeFees charged to portfolio companies for on-site operational work.2. Dividends from portfolio companiesOnce stabilised, companies' upstream liquidity back to the holding.3. Exit proceedsThe largest value driver is exit proceeds. Mutares buys cheap and sells into strong markets.T&C This publication is intended solely for informational purposes and does not constitute investment advice. By using this website, you agree to our terms and conditions as outlined on www.seat11a.com/legal and www.seat11a.com/imprint.

LEG Immobilien SE Elevator Pitch: Key TakeawaysOverview of LEG Immobilien SELEG Immobilien SE is one of Germany's largest and most focused residential real estate companies, dedicated entirely to affordable housing and long-term, cash-driven value creation. In this elevator pitch, Head of Investor Relations & Strategy Frank Kopfinger provides institutional investors with a clear, structured, and transparent overview of LEG's business model, portfolio characteristics, financial positioning, and the strategic levers that will drive earnings growth in the years ahead.Portfolio Scale and Regional FocusWith 172,000 apartments housing roughly 500,000 tenants, LEG is the second-largest listed residential landlord in Germany—yet uniquely concentrated on one region and one asset class. Around 80% of the portfolio is located in North Rhine-Westphalia (NRW), Germany's most populous state and an economic powerhouse responsible for 22% of national GDP. This regional focus gives LEG deep operating expertise, stable structural demand, and a consistent ability to deliver affordable housing at scale.Affordable Housing and Social ResponsibilityLEG's portfolio is positioned at the core of the German social housing ecosystem. Average rents amount to just €7 per sqm—or around €450 per apartment per month—well below national averages, ensuring consistently high occupancy and strong tenant retention. Approximately 17% of units are rent-restricted, providing predictable cash flows supported by state subsidies for low-income households. This is complemented by a disciplined asset valuation of roughly €1,700 per sqm, far below replacement cost levels of €4,000–5,000 per sqm, resulting in a substantial valuation buffer and a highly attractive 4.9% portfolio yield.Valuation, NTA, and Market DiscountBased on these valuations, LEG's NTA (NAV) per share stands at around €131, while the share price trades at a deep discount. This highlights market concerns about interest rates, as well as the potential upside as fundamentals normalise. Frank Kopfinger will explain how LEG managed the interest-rate shock remarkably well: by placing strict focus on cash, liquidity and AFO (Adjusted Funds from Operations), the company's key free-cash-flow metric since 2023.Cash Preservation MeasuresOver the past two years, LEG executed a series of disciplined measures to safeguard cash generation:  • ~6,000 non-core units sold for over €550 million  * Scrip dividends offered in 2023 and 2024  * Wind-down of the development pipeline, with the last new units completed in 2025Combined, these initiatives generated around €1 billion in cash, strengthening the balance sheet and allowing LEG to return earnings to pre-crisis levels as early as 2025—even amid high interest rates.Future Earnings MomentumLooking ahead, LEG expects earnings momentum to continue. Based on the 2025 guidance, AFO per share is set to increase by around 10%, followed by an additional ~5% in 2026. Multiple structural drivers support this outlook:  • Severe housing shortage due to collapsing construction volumes  * Ongoing market rent growth supported by strong demand  * Cost-rent adjustments for subsidised units beginning in 2026  * 16,000 regulated units coming off restriction in 2028, enabling rent increases toward market levels▶️ Other videos: Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/ Company Presentation: https://seat11a.com/investor-relations-company-presentation/ Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/ Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/ ESG Presentation: https://seat11a.com/investor-relations-esg/ T&C This publication is intended solely for informational purposes and does not constitute investment advice. By using this website, you agree to our terms and conditions as outlined on www.seat11a.com/legal and www.seat11a.com/imprint.

Kontron AG 9M 2025: Key TakeawaysOverview of Kontron AG PerformanceKontron AG, one of Europe's leading technology and IoT solution providers, delivered another strong reporting period under the leadership of CFO Clemens Billek, who presents the company's latest financial results and strategic progress. The update highlights Kontron's continued transformation into a pure-play Internet of Things (IoT) and software-driven technology group, underscoring the company's ability to scale profitably while sharpening its portfolio for long-term growth.Strong Momentum Driven by IoT, Software & High-Margin SolutionsAs Kontron continues to reap the benefits of its strategic repositioning as an IoT-first company, it underscores the company's adaptability and future potential.CFO Clemens Billek emphasizes that the structural shift away from legacy IT services and toward embedded computing, software, and high-value IoT solutions has meaningfully lifted margins and earnings quality.Growth was driven by:strong demand across industrial automation and smart infrastructure,continued international orders in transportation, avionics and communication systems,and rising revenue contributions from proprietary IoT software platforms.The improved mix of recurring revenues, embedded systems, and specialized IoT hardware has significantly bolstered Kontron's financial strength and growth potential.Geographic Diversification Strengthens the Revenue BaseKontron's performance was broad-based across Europe, North America and Asia.Key highlights include:Europe delivering stable, high-quality industrial IoT demand,North America showing sequential improvement in aviation and defense technology,Asia benefitting from strategic partnerships and demand for smart-city and smart-factory systems.This diversified footprint allows Kontron to balance regional cycles while capitalizing on multi-year digitalization trends.Portfolio Focus & High-Impact M&AClemens Billek reiterates that Kontron's portfolio optimization remains a core pillar of its equity story, reaffirming the company's commitment to enhancing its equity story.Recent divestments of non-core segments — together with targeted bolt-on acquisitions in IoT, connectivity, and software — have sharpened the group's profile and delivered meaningful improvements in both profitability and capital efficiency.The company continues to evaluate M&A opportunities in:intelligent connectivity,industrial edge computing,transportation automation,and cybersecurity for IoT environments.These acquisitions are designed to reinforce Kontron's technology leadership and expand its recurring revenue base.Balance Sheet Strength Enables Further GrowthKontron maintains a solid financial position, characterized by:strong equity ratios,disciplined working-capital management,and robust cash generation.The improved financial flexibility allows the company to finance future acquisitions, invest in R&D, and return capital to shareholders through an attractive dividend policy....▶️ Other videos: Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/ Company Presentation: https://seat11a.com/investor-relations-company-presentation/ Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/ Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/ ESG Presentation: https://seat11a.com/investor-relations-esg/ T&C This publication is intended solely for informational purposes and does not constitute investment advice. By using this website, you agree to our terms and conditions as outlined on www.seat11a.com/legal and www.seat11a.com/imprint.