Report
Ahmed Ouni ...
  • Bruno Cavalier
  • Manuel Martin, CEFA,CREA

ODDO BHF GERMAN MORNING NEWS – DETAILED COMMENTS 05/15/2019

...
Underlyings
CORESTATE Capital Holding SA

Corestate Capital holding is a holding company. With its group companies, Co. offers a range of real estate investment management services, such as investment, fund, asset, property and facility management. Co.'s product offering primarily covers residential, commercial and microliving assets (including developments) and addresses all risk/return profiles, i.e. from core/core plus to value add/opportunisitc. Clients include semi-institutional investors (HNWIs and family offices) as well as institutional investors. Co.'s key market is Germany. Additional activities focus on other European countries such as Austria and Spain as well as the Benelux countries.

Grammer AG

Grammer is engaged as a producer of seating systems and automotive interiors. Co. supplies original equipment manufacturers (OEMs) of commercial and off-road vehicles, including agricultural and forestry vehicles as well as construction machinery and material handling vehicles. Other customer groups include rail transport OEMs, rail operators and bus manufacturers. Co. operates through two division: Seating Systems, which develops and produces driver and passenger seats for agricultural and construction vehicles, forklifts, trucks, buses and trains; and Automotive, which supplies headrests, armrests and center consoles to carmakers and systems suppliers for the automotive industry.

KPS AG

KPS AG is a Germany-based holding and consulting information technology (IT) company, which specializes in business transformation and process optimization. The main business areas are Strategy and Process Consulting, with focus on on retail, consumer goods industry and production as well as Process Optimization and Implementation for processes from planning to customer implementation, such as finance, wholesale, manufacturing, supply chain management, enterprise performance management, optimization and integration of product development. The portfolio is supplemented for Product Lifecycle Management; Enterprise Resource Planning, including document management concepts, workflow solutions, archiving; as well as System Architecture and Integration, such as creation and operation of server and storage infrastructures, managed services, development of SAP NetWeaver/PI and eSOA (Enterprise Service-Oriented Architecture) -based solutions. It has subsidiaries in Germany and Switzerland.

Q.BEYOND AG

QSC is a provider for the Information Technology and Telecommunications market. Co.'s range of products, services and solutions includes solutions for the individual needs of business customers as well as products for smaller companies and distribution partners. The range can be classified into: Telecommunications services, Outsourcing, Consulting and Cloud Services. Co. has three business units: Direct Sales, which focuses on solutions business, and addresses larger and mid- size enterprises in Germany; Indirect Sales, which addresses smaller and mid-size companies in Germany; and Resellers, which bundles its business with service providers that address residential customers.

SAF-HOLLAND SE

SAF Holland is engaged in inno vation and technology. Co.'s operations can be divided into three segments: Trailer Systems, Powered vehicle Systems and Aftermarket. Through the Trailer Systems segment, Co. produces axle systems, suspension systems, kingpins, and landing legs for the trailer industry. Through the Powered Vehicle Systems, Co. generates its sales primarily with fifth wheels and air suspension systems for manufacturers in the truck industry. The Aftermarket segment covers the replacement parts business in which Co. relies on a worldwide service network, partly in cooperative agreements with truck manufacturers.

Vectron Systems AG

Vectron Systems AG is a Germany-based company that focuses on the production and sale of both mobile and stationary point of sale (POS) systems and communication software for hotels, bakeries and restaurants. The Company operates through three segments: POS Systems, Software and Merchandise and Accessories. The POS Systems segment provides a combination of hard and software solutions in form of POS systems. The Software segment offers computer-based POS and back office software and other licenses. The Merchandise and Accessories segment provides POS system-related accessories, such as printers and barcode scanners, as well as merchandise products. The Company markets its product through a network of distributors.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Ahmed Ouni

Bruno Cavalier

Manuel Martin, CEFA,CREA

Other Reports on these Companies
Other Reports from Oddo BHF

ResearchPool Subscriptions

Get the most out of your insights

Get in touch