Original-Research: Haemato AG - von First Berlin Equity Research GmbH
Einstufung von First Berlin Equity Research GmbH zu Haemato AG
Unternehmen: Haemato AG
ISIN: DE000A289VV1
Anlass der Studie: H1/22 reporting
Empfehlung: Buy
seit: 21.09.2022
Kursziel: €35
Kursziel auf Sicht von: 12 Monate
Letzte Ratingänderung: 9 Sept 2019
Analyst: Ellis Acklin
First Berlin Equity Research hat ein Research Update zu Haemato AG (ISIN: DE000A289VV1) veröffentlicht. Analyst Ellis Acklin bestätigt seine BUY-Empfehlung und bestätigt sein Kursziel von EUR 35,00.
Zusammenfassung:
Der Sechsmonatsbericht bestätigte die vorläufigen Zahlen und ermöglichte
einen genaueren Blick auf die sich verbessernde Kostenstruktur von Haemato.
Das Unternehmen ist mit einer erheblich geringeren Mitarbeiterzahl (~50%)
als vor einem Jahr deutlich schlanker geworden, und die Bruttomarge blieb
dank eines erneut guten Beitrags des Segments Lifestyle & Aesthetics (€24
Mio. Umsatz in H1) mit 10% erfreulich zweistellig. Wenn das Unternehmen
diese Geschäftsformel beibehalten kann, wird sich Haemato von seinem Erbe
als Parallelimporteur mit niedrigen Margen wegbewegen. Unsere Empfehlung
bleibt Kaufen mit einem unveränderten Kursziel von €35.
First Berlin Equity Research has published a research update on Haemato AG (ISIN: DE000A289VV1). Analyst Ellis Acklin reiterated his BUY rating and maintained his EUR 35.00 price target.
This is an abbreviated summary. The full text of this story (including disclosure) is attached as a pdf document. For previous reports on this or other companies covered by First Berlin contact Gaurav Tiwari directly (g.tiwari@firstberlin.com).
Abstract:
Six month reporting confirmed preliminary numbers and provided a closer
look at Haemato's improving cost structure. The company is significantly
leaner with a much lower head count (~50%) than a year ago, and
encouragingly the gross margin remained in the double digits at 10%, thanks
to another good contribution from the Lifestyle & Aesthetics segment (€24m
H1 turnover). If the company can maintain this business formula, Haemato
can distance itself from its heritage as a low margin parallel importer. We
reiterate our Buy rating with an unchanged €35 target price.
Bezüglich der Pflichtangaben gem. §34b WpHG und des Haftungsausschlusses siehe die vollständige Analyse.
Die vollständige Analyse können Sie hier downloaden: http://www.more-ir.de/d/25503.pdf
Kontakt für Rückfragen
First Berlin Equity Research GmbH
Herr Gaurav Tiwari
Tel.: +49 (0)30 809 39 686
web: www.firstberlin.com
E-Mail: g.tiwari@firstberlin.com
-------------------übermittelt durch die EQS Group AG.-------------------
Für den Inhalt der Mitteilung bzw. Research ist alleine der Herausgeber bzw. Ersteller der Studie verantwortlich. Diese Meldung ist keine Anlageberatung oder Aufforderung zum Abschluss bestimmter Börsengeschäfte.
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.
