23.09.2016

Zugemailt von / gefunden bei: Baader Bank (BSN-Hinweis: Lauftext im Original des Aussenders, Titel (immer) und Bebilderung (oft) durch boerse-social.com aus dem Fotoarchiv von photaq.com)

Companies stay convinced to weather potential challenges!

The 5th Baader Investment Conference that we hosted in Munich had a successful conclusion yesterday. On the final day of our 3-day event, 26 companies held presentations. In addition, we arranged again roughly 350 individual and small-group meetings between investors and 51 companies.

Most companies presenting at our conference were confident to reach their targets for growth and profitability. As an example, both adidas  and Jungheinrich fully reiterated the recently increased FY16 guidance. Deutsche Post DHL confirmed both the long-standing targets set out for this year and also the guidance for 2020. GRAMMER  was confident to be well on track reaching both the 5% EBIT margin target for FY17 and its revenue goals for 2020. Also Symrise  fully reiterated its FY16 and medium-term group guidance.

Regarding the pillars of this optimism, several corporates highlighted the strong support coming from a business model geared to megatrends. As an example, AMAG  saw an ongoing strong demand towards aluminum products driven by the trend towards light-weight fabrication, while BRAIN seemed well-placed to benefit from the sector trend towards white biotech. On top, the strong position as a market leader was an important growth driver cited by companies such as Rational and CEWE. 

Against this backdrop, most companies saw themselves well-prepared to digest temporary headwinds quite well. While SBO  so far was not experiencing a demand uptick in the oil & gas business, K+S was optimistic that strain factors would ease moving forward following a weak second quarter in both business units. voestalpine  projected higher margins over the next few quarters as rising steel prices became effective in new contracts. Despite the ongoing tailwind from viscose pricing, Lenzing  could see temporary burdens coming from higher capex needs related to a new TENCEL plant and a potential increase of backward integration.

Additionally, the following companies held only one-on-one meetings: Volkswagen , Allianz , Daimler , BMW Group, Continental , Munich Re, Hannover Rück SE, ProSiebenSat.1 Media SE, Brenntag, Swiss Prime Site, PSP Swiss Property, LANXESS , STRABAG SE, NORMA Group,  Drillisch , Mayr-Melnhof Karton, Flughafen Wien , Österreichische Post AG, ElringKlinger , SGL CARBON SE, S IMMO, UBM Development, mutares, Williams Grand Prix, DATAGROUP AG.

Companies im Artikel

adidas

Allianz

Amag

BMW

Continental

Daimler

Deutsche Post

Drillisch

ElringKlinger

Flughafen Wien

Grammer

Hannover Rück

Lanxess

Lenzing

Mayr-Melnhof

Österreichische Post

S Immo

SBO

Strabag

Symrise

UBM

voestalpine

Volkswagen

Williams Grand Prix

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amag_und_der_megatrend_voestalpine_und_die_margen_lenzing_capex

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