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>According to initial preliminary figures, CENIT AG generated sales of around € 207 million in the past fiscal year and is thus in the middle of the sales guidance adjusted in October 2024 (€ 205 million - € 210 million).</li>
<li>However, with preliminary EBITDA of around € 17 million (previous year: € 16.41 million), the EBITDA guidance (€ 17.9 million - € 18.4 million) was not met.</li>
<li>At the end of October 2024, CENIT's management had already lowered its earnings expectations for the fourth quarter of 2024.</li>
</ul>


According to initial preliminary figures, CENIT AG generated sales of around € 207 million in the past fiscal year and is thus in the middle of the sales guidance adjusted in October 2024 (€ 205 million - € 210 million).
However, with preliminary EBITDA of around € 17 million (previous year: € 16.41 million), the EBITDA guidance (€ 17.9 million - € 18.4 million) was not met.
At the end of October 2024, CENIT's management had already lowered its earnings expectations for the fourth quarter of 2024.


研究コメント（英語） - CENIT AG - 2025年2月26日