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Investor Relations

Analyst Ratings

Investor Relations Analyst Ratings

November 14, 2025 Hold

GSC Research GmbH
Thorsten Renner
Tiergartenstraße 17
40237 Düsseldorf
t.renner@gsc-research.de
The report is available in German only.

Download GSC_Research_14.11.2025.pdf

November 4, 2025 Hold 9M 2025: Revenue +14.8% and order intake +35.9% – One-time expenses significantly impact earnings

Solventis Beteiligungen GmbH
Klaus Schlote
Am Rosengarten 4
55131 Mainz
kschlote@solventis.de
The report is available in German only.

Download Solventis_04.11.25d.pdf

November 4, 2025 Accept the offer Our recommendation: Accept the €45 Warburg Pincus offer

First Berlin Equity Research Group
Simon Scholes
Mohrenstraße 34
10117 Berlin
s.scholes@firstberlin.com

Download First_Berlin_04.11.25e.pdf

November 4, 2025 Hold Strong 9M, guidance confirmed

Quirin Privatbank AG
Sebastian Droste
Schillerstraße 20
60313 Frankfurt am Main
sebastian.droste@quirinprivatbank.de

Download Quirin_04.11.2025.pdf

October 31, 2025 Hold

Pareto Securities AS
Dr. Knud Hinkel
Gräfstraße 97
60487 Frankfurt am Main
knud.hinkel@paretosec.com

October 13, 2025 Hold Warburg Pincus submits attractive takeover bid at €45 per share

DZ BANK AG
Thorsten Reigber
Am Platz der Republik
60265 Frankfurt
The report is available in German only.

Download DZ-Bank_13.10.25d.pdf

September 3, 2025 Buy Broad-Based Growth in H1, Grid Segment Outperforms; Long-Term Margin Levers Intact

DR. KALLIWODA RESEARCH GmbH
Dr. Norbert Kalliwoda
Arndtstraße 47
60325 Frankfurt
research@kalliwoda.com

Download Kalliwoda03.09.25e.pdf