Your analyst Sebastian Droste

28 March 2025

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Better than expected guidance and promising order momentum

PSI Software AG

20 March 2025

Strong SaaS growth & sales guidance

Nemetschek SE

19 March 2025

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Guidance in line & strong order intake

Datagroup SE

10 March 2025

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Growth ambition offsets short-term margin pressure

GFT Technologies SE

21 February 2025

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Acceleration of organic growth

Swissnet AG

21 February 2025

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SaaS shift boosts momentum

Serviceware SE

21 February 2025

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New customer wins & cross-selling fuel strong Q1

Datagroup SE

19 February 2025

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Cloud fuels Intershop’s revenues & positive EBIT

Intershop Communications AG

10 February 2025

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Well-positioned to capitalize on growing AI Trend

GFT Technologies SE

04 February 2025

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New branding and promising projects

Swissnet AG

03 February 2025

Weak retail sector still weight on earnings

KPS AG

28 November 2024

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Q3 shows stabilization

PSI Software AG

22 November 2024

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Strong Q4 & Almato spin-off

Datagroup SE

20 November 2024

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Acquisitions pave growth path of new Swissnet Group

Swissnet AG

10 November 2024

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Strong Q3 & future initiatives

123fahrschule SE

27 October 2024

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Upgraded outlook on record Q3

Serviceware SE

30 September 2024

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Positive momentum & outlook

123fahrschule SE

12 August 2024

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Good H1 growth despite challenging markets

GFT Technologies SE

12 August 2024

Strong H1 driven by German tenders

Nexus AG

12 August 2024

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Strong Q3 results & order intake

Datagroup SE

01 August 2024

Solid H1 with focus on AI and cloud computing

Reply SPA

31 July 2024

GoCanvas boosts growth potential

Nemetschek SE

31 July 2024

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Strong results through AI integration and successful SaaS transition

Serviceware SE

31 July 2024

Enterprise segment picking up

TeamViewer AG

25 July 2024

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Another sales record in H1

123fahrschule SE

25 July 2024

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Cloud business very favorable

Intershop Communications AG

11 June 2024

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PSI on a good path after cyber attack

PSI Software AG

23 May 2024

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Strategic investments start to pay off

Datagroup SE

09 May 2024

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Solid start in challenging environment

GFT Technologies SE

05 May 2024

Weak demand, restructuring and KaDeWe insolvency burden EBITDA

KPS AG

23 April 2024

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Break even on EBIT basis

Intershop Communications AG

21 April 2024

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Growing pipeline & margin expansion

Serviceware SE

15 April 2024

Optimistic outlook for 2024

Bechtle AG

12 March 2024

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Profitability reached & strong pipeline

Serviceware SE

12 March 2024

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Hit by KaDeWe insolvency but cautiously optimistic guidance

KPS AG

10 March 2024

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Sophos & AI should fuel growth

GFT Technologies SE

10 March 2024

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Growth drivers remain intact

Nexus AG

05 March 2024

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Investments in competitiveness

Datagroup SE

03 March 2024

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Profitability targeted in 2024

123fahrschule SE

15 February 2024

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Promising EBIT guidance

Intershop Communications AG

12 February 2024

Outstanding payments from KaDeWe

KPS AG

25 January 2024

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GFT acquires Sophos Solutions

GFT Technologies SE

20 November 2023

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Datagroup with margin improvements

Datagroup SE

14 November 2023

Reply with solid growth for their first 9 months

Reply SPA

13 November 2023

SaaS transition well underway

Nemetschek SE

12 November 2023

High demand from large customers and public-sector

Bechtle AG

09 November 2023

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Business picks up in Brazil

GFT Technologies SE

06 November 2023

Nexus continues strong growth & state programs are promising

Nexus AG

06 November 2023

TeamViewer with stronger Enterprise growth

TeamViewer AG

01 November 2023

Termination of coverage

Social Chain AG

30 October 2023

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Upper guidance range very likely

Serviceware SE

29 October 2023

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Return to profitability in Q3

PSI Software AG

25 October 2023

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Confirmation of guidance

Intershop Communications AG

19 September 2023

Termination of coverage

Gigaset AG

13 August 2023

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Temporary issues could offer a buying opportunity

PSI Software AG

13 August 2023

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Profitability substantially improving

123fahrschule SE

13 August 2023

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GFT slightly adjusts its guidance

GFT Technologies SE

13 August 2023

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Growth picking up & utilizing AI

Serviceware SE

05 August 2023

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Application for insolvency

Social Chain AG

23 May 2023

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Profitability exceeding ambition

Datagroup SE

10 May 2023

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Strong growth in the US

GFT Technologies SE

01 May 2023

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Order backlog improves over 38%

Serviceware SE

01 May 2023

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New orders significantly up

PSI Software AG

01 May 2023

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Restructuring effects in H2 expected

Social Chain AG

29 March 2023

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PSI maintains mid-term guidance

PSI Software AG

09 March 2023

Nexus to profit from discontinuation of competitors’ software modules

Nexus AG

09 March 2023

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Guidance confirms growth potential

Datagroup SE

02 March 2023

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Bank digitalization boosts growth

GFT Technologies SE

28 February 2023

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New segments as source of growth

123fahrschule SE

26 February 2023

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Saas business further expanded

Serviceware SE

16 February 2023

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Margin improvements expected

Intershop Communications AG

30 January 2023

Uncertainties until H2 2023

KPS AG

29 November 2022

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Reduced Guidance for 2022

Social Chain AG

24 November 2022

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Datagroup exceeding guidance & encouraging mid-term target

Datagroup SE

23 November 2022

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Gaining market share in a difficult environment

Gigaset AG

10 November 2022

Strong sales growth in Q3

Bechtle AG

09 November 2022

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GFT with exceptional Q3

GFT Technologies SE

30 October 2022

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2026 long-term guidance confirmed

PSI Software AG

30 October 2022

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Favourable SaaS growth

Serviceware SE

26 October 2022

Nemetschek with solid Q3 results

Nemetschek SE

25 October 2022

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Strong performance in cloud business

Intershop Communications AG

19 October 2022

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GFT raises 2022 guidance again

GFT Technologies SE

29 September 2022

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Guidance adjustment – but still undervalued

Intershop Communications AG

25 September 2022

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Lower guidance but still undervalued

Serviceware SE

23 August 2022

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Strong margin improvements

Datagroup SE

14 August 2022

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Focus on profitability – new Guidance

Social Chain AG

11 August 2022

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Strong H1 & guidance raised again

GFT Technologies SE

07 August 2022

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Adjustment of acquisition strategy

123fahrschule SE

03 August 2022

Billings guidance at risk?

TeamViewer AG

29 May 2022

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Decrease of guidance & mixed results

Social Chain AG

11 May 2022

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Exceptional strong start into the year

GFT Technologies SE

01 May 2022

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Postponed license orders in Q1

PSI Software AG

01 May 2022

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Record Q1 & promising quarters ahead

Serviceware SE

27 April 2022

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Significant improvement in margin

Gigaset AG

27 April 2022

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Cloud business strongly expanding

Intershop Communications AG

27 April 2022

Better than expected Q1 results

Nemetschek SE

24 April 2022

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123Fahrschule with successful Q1

123fahrschule SE

28 March 2022

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Strong 2021 results & focus on margin improvements

PSI Software AG

17 March 2022

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Social Chain sells majority stake in their brand "Koro"

Social Chain AG

13 March 2022

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Nexus with strong growth in 2021

Nexus AG

10 March 2022

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Guidance for 2022 & Roadshow

Social Chain AG

02 March 2022

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Strong demand & better than expected guidance

GFT Technologies SE

01 March 2022

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Serviceware exceeding their own guidance

Serviceware SE

22 February 2022

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Datagroup with record first quarter

Datagroup SE

21 February 2022

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The Social Chain with solidly profitable results

Social Chain AG

16 February 2022

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Above-market growth in cloud revenues

Intershop Communications AG

03 February 2022

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Economies of scale outweigh up-front costs

123fahrschule SE

24 November 2021

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Significant margin improvement in Q3

Gigaset AG

22 November 2021

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Ending FY2020/21 with strong results

Datagroup SE

10 November 2021

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Strong 9M figures underline guidance

GFT Technologies SE

31 October 2021

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Strong Q3 & encouraging outlook

PSI Software AG

21 October 2021

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Acquisition of DS Holding a perfect fit

Social Chain AG

21 October 2021

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Q3 significantly exceeding expectations

Serviceware SE

21 October 2021

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GFT with second guidance increase

GFT Technologies SE

21 October 2021

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Encouraging 9m figures - Buy

Intershop Communications AG

06 October 2021

Significant guidance downgrade

TeamViewer AG

19 September 2021

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Strong & better than expected Q2

Gigaset AG

08 September 2021

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Social Chain reports strong H1 2021

Social Chain AG

24 August 2021

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Strong Q3 & increase target price

Datagroup SE

11 August 2021

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GFT reports extraordinary Q2

GFT Technologies SE

03 August 2021

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Growth again exceeding expectations

Serviceware SE

27 July 2021

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Strong Q2 and guidance increase

PSI Software AG

27 July 2021

Postponed projects trigger a positive one-time effect

KPS AG

21 July 2021

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Intershop reports convincing set of H1 figures

Intershop Communications AG

20 July 2021

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GFT upgrades its outlook following catch-up effects

GFT Technologies SE

26 May 2021

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Strong Q2 & guidance increase

Datagroup SE

20 May 2021

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Gigaset with solid Q1 2021 results

Gigaset AG

19 May 2021

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Encouraging Q1 & Guidance upgrade

Social Chain AG

28 April 2021

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PSI reports record Q1 with significantly improved margins

PSI Software AG

28 April 2021

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Intershop further improves its profitability & solid start into 2021

Intershop Communications AG

26 April 2021

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GFT upgrades its outlook following a better than expected Q1

GFT Technologies SE

22 April 2021

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Serviceware with strong Q1 figures well exceeding expectations

Serviceware SE

21 April 2021

Buying opportunity for one of the most exciting software companies

TeamViewer AG

21 April 2021

Gigaset with solid 2020 results & improved liquidity

Gigaset AG

15 April 2021

Bechtle set to profit from increasing IT budgets – upgrade to Buy

Bechtle AG

05 April 2021

Reply’s valuation seems somewhat stretched

Reply SPA

05 April 2021

RIB Software guidance in line

RIB Software SE

24 March 2021

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PSI’s outlook well exceeding EBIT expectations for 2021

PSI Software AG

22 March 2021

Nemetschek gives promising mid term outlook – reiterate Buy

Nemetschek SE

18 March 2021

Bechtle with positive 2021 outlook and increased dividend

Bechtle AG

16 March 2021

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Improving profitability and successful cloud business

Intershop Communications AG

09 March 2021

Nexus with strong set of 2020 figures

Nexus AG

09 March 2021

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Serviceware well exceeding margin expectations

Serviceware SE

08 March 2021

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Strong guidance for 2021

Social Chain AG

04 March 2021

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GFT exceeding expectations

GFT Technologies SE

04 March 2021

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Datagroup guiding double digit growth for 2021 sales & EBITDA

Datagroup SE

07 February 2021

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Unique play on the high-margin driving school industry consolidation

123fahrschule SE

21 January 2021

Disappointing Q4 & dividend down

KPS AG

29 November 2020

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Unique play on e-commerce & social media advertising defying Covid-19

Social Chain AG

25 November 2020

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Better than expected Q3 figures & return to profitability

Gigaset AG

15 November 2020

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Expecting significant improvement with banking clients in 2021

Datagroup SE

11 November 2020

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2021 expected to be a break out year

GFT Technologies SE

29 October 2020

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PSI with stable results

PSI Software AG

21 October 2020

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Q3 2020: Better than expected

Intershop Communications AG

27 September 2020

Hidden champion still “under the radar” – buying opportunity

Serviceware SE

23 September 2020

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Q2 figures significantly impacted by Covid-19

Gigaset AG

24 August 2020

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Gigaset to seize high opportunities via its innovative segments

Gigaset AG

13 August 2020

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Solid Q2 figures & normalization expected in 2021

GFT Technologies SE

30 July 2020

Q2 figures better than expected and recurring revenues reach new level

Nemetschek SE

30 July 2020

RIB Software reported extraordinary Q2 results

RIB Software SE

27 July 2020

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Upside if the recovery continues

PSI Software AG

26 July 2020

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Convincing Q2 figures – Intershop proves turnaround is sustainable

Intershop Communications AG

26 July 2020

Upgrade Nemetschek on long-term growth perspectives & crisis-proof

Nemetschek SE

26 July 2020

Project breaks with some customers lead to significant drop in EBITDA

KPS AG

18 June 2020

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Guidance better than expected

GFT Technologies SE

01 June 2020

Less resistant to crisis than peers due to high share of project business

KPS AG

14 May 2020

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Q1 broadly in line & favorable momentum of client diversification

GFT Technologies SE

14 May 2020

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Crisis accelerates digitization trend

Datagroup SE

10 May 2020

Solid Q1 figures despite a difficult environment

Bechtle AG

03 May 2020

Solid Q1 figures despite Covid-19 pandemic

Nemetschek SE

29 April 2020

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Intershop achieves turnaround despite this major crisis

Intershop Communications AG

28 April 2020

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PSI proves to have one of the more stable business models in this crisis

PSI Software AG

25 March 2020

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Recurring revenues help stabilize business model

PSI Software AG

19 March 2020

Bechtle’s business model looks relatively stable amid corona crisis

Bechtle AG

12 March 2020

2019 figures broadly in line

Reply SPA

04 March 2020

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GFT already perceived as one of the most important cloud enablers

GFT Technologies SE

03 March 2020

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Datagroup releases Guidance 2020

Datagroup SE

25 February 2020

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Positive start into FY 2020/19

Datagroup SE

18 February 2020

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Intershop reports better than expected EBIT

Intershop Communications AG

16 February 2020

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Schneider Electric to launch public offer of EUR 29 per RIB share

RIB Software SE

16 February 2020

KPS reports pretty disappointing Q1 figures

KPS AG

02 February 2020

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Impressive track record justifies target price upgrade

Datagroup SE

23 January 2020

KPS releases mixed guidance

KPS AG

13 November 2019

Good Q3 figures – but in our view largely priced in

Reply SPA

13 November 2019

High quality company with promising prospects – largely factored in

PSI Software AG

12 November 2019

Bechtle reports strong Q3/19

Bechtle AG

10 November 2019

KPS’s valuation seems already stretched – downgrade to Hold

KPS AG

07 November 2019

Cloud transformation paving the way for turnaround

Intershop Communications AG

06 November 2019

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GFT with very positive Q3 figures – significant pick-up on revenues

GFT Technologies SE

05 November 2019

Reply’s valuation seems already stretched – downgrade to Hold

Reply SPA

04 November 2019

Nexus Q3 figures in line with expectations

Nexus AG

30 October 2019

Margin better than expected & targets upper guidance range

Nemetschek SE

29 October 2019

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Q3 user wins exceeding expectations

RIB Software SE

29 October 2019

Climate package serves PSI Software

PSI Software AG

15 September 2019

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RIB Software guidance raised

RIB Software SE

19 August 2019

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Convincing Q3 figures – target price raised

Datagroup SE

08 August 2019

Bechtle beats expectations & outlook slightly raised – target price up

Bechtle AG

07 August 2019

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Client & sector diversification reduces risk – buying opportunity on valuation

GFT Technologies SE

05 August 2019

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Our recommendation yields ~60% performance since start of the year

RIB Software SE

25 July 2019

Q2 figures broadly in line

PSI Software AG

25 July 2019

Strong growth, but in line with consensus

Nemetschek SE

16 June 2019

Our Buy recommendation yields a 34.9% return in less than 7 months

Bechtle AG

20 May 2019

Cloud platform about to gain market share as flexible one-stop shop

Datagroup SE

14 May 2019

H2 expected to be somewhat weaker & IFRS impact not mentioned

KPS AG

12 May 2019

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Q1 slightly better than expected

GFT Technologies SE

02 May 2019

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User growth better than expected

RIB Software SE

02 May 2019

Better than expected Q1 figures

PSI Software AG

14 April 2019

Cloud platform about to gain market share as flexible one-stop shop

Datagroup SE

25 March 2019

Increased growth expectations lead to target price upgrade

PSI Software AG

04 March 2019

Q4 top line well ahead of consensus

Nexus AG

27 February 2019

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Buying opportunity after bad news released

GFT Technologies SE

14 February 2019

Racehorse: KPS AG

KPS AG

13 February 2019

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Racehorse: RIB Software SE

RIB Software SE

05 February 2019

Racehorse: Nemetschek SE, Bechtle AG

Bechtle AG, Nemetschek SE

04 February 2019

Estimates up ahead of preliminaries

Nemetschek SE

30 January 2019

Guidance slightly below expectations

KPS AG

27 January 2019

Preview: Guidance to be released & positive Q1 18/19 expected

KPS AG

29 November 2018

Bechtle set to gain market share & continue strong track record

Bechtle AG

15 November 2018

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Adjustment of YTWO expectations

RIB Software SE

13 November 2018

Q3 slightly better than expected

Reply SPA

07 November 2018

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GFT: Mid-term guidance at risk & 2018 sales guidance slightly lowered

GFT Technologies SE

05 November 2018

Q3/18 slightly better than expected

Nexus AG

31 October 2018

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Further Guidance increase possible

RIB Software SE

28 October 2018

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Lower TP due to higher sales cost

GFT Technologies SE

27 September 2018

Initation: Overlooked technological leadership providing upside

PSI Software AG

08 August 2018

Initiation: Profiting from ongoing digitalisation

Reply SPA

27 June 2018

Initiation: Best in class product innovation paired with strong tailwinds

Nexus AG

11 June 2018

Initiation: Consistent growth at a fair price

Nemetschek SE

23 April 2018

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RIB and Microsoft join forces

RIB Software SE

18 April 2018

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CMD Feedback

GFT Technologies SE

27 March 2018

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Buying opportunity – on the operational side nothing has changed

RIB Software SE

01 March 2018

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Initiation: Massive upside potential from joint venture

RIB Software SE