Bank-In­de­pen­dent In­vest­ment Hou­se, GBC AG

GBC AG

Research study based on publicly available financial figures. Includes a description of the business performance, forecasts and a valuation model.

Bank-In­de­pen­dent In­vest­ment Hou­se

GBC AG, headquartered in Augsburg, is one of the leading bank-independent investment houses in Germany and an experienced issuing expert for German SMEs.

As an owner-managed company, GBC AG knows the financing needs of German SMEs and is an independent and reliable partner for all capital market issues.

Within the GBC Group, GBC AG offers corporate analysis & research, capital market & financing consulting as well as capital market conferences.

GBC Kapital GmbH complements the services in the group with corporate finance in the areas of placement & brokerage of bonds and shares.

Equity Bottom-Up

<ul><li>Smartbroker Holding AG has published preliminary, unaudited figures for the 2025 financial year and at the same time provided guidance for the current 2026 financial year.</li><li>According to the company, revenue for the past year came in at €69.0 million, while operating EBITDA reached break even at €0.0 million.</li><li>In addition, around 77,350 new customers were acquired for Smartbroker+ in the transactions business.</li></ul>

Smartbroker Holding AG has published preliminary, unaudited figures for the 2025 financial year and at the same time provided guidance for the current 2026 financial year.According to the company, revenue for the past year came in at €69.0 million, while operating EBITDA reached break even at €0.0 million.In addition, around 77,350 new customers were acquired for Smartbroker+ in the transactions business.

Research Comment english - Smartbroker Holding AG - 17.03.26