Tag Archives: STEF

Quick updates: Fuchs, EVS Broadcast, STEF & SFS

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Fuchs SE:
Let’s start with a negative surprise: Fuchs released 2 days ago that they will fall short of their (downward revised) 2025 forecast.

“For the financial year 2025, FUCHS now expects sales and EBIT on previous year’s level (financial year 2024: Sales at €3,525 million, EBIT at €434 million). The previous outlook for 2025 expected sales at around €3.7 billion and EBIT at around €460 million. Consensus for the financial year 2025 stands at
€3,660 million for sales and at €459 million for EBIT.”

Last year, when I decided to invest into Fuchs, the 2025 EBIT forecast was 500 mn EUR:

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A quick look into the Lineage Cold Storage IPO prospectus

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As mentioned in my STEF write-up, US Cold Storage company Lineage went public a few days ago and was able to do so quite successfully.

As IPO prospectuses often contain some quite interesting information, I wanted to quickly look through and extract what I find interesting. Especially on a hot day like today, reading a lot about cold storage is quite comforting 😉

Valuation

Let’s look at the new price point we got through the IPO. Unfortunately, Lineage Cold Storage is not yet available in TIKR, so let’s hae a quick look at comps “by hand”:

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