Original-Research: Beaconsmind AG (now Swissnet Group) (von First Berlin Equity Research GmbH): Buy
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Original-Research: Beaconsmind AG (now Swissnet Group) - from First Berlin Equity Research GmbH
Classification of First Berlin Equity Research GmbH to Beaconsmind AG (now Swissnet Group)
First Berlin Equity Research has published a research update on beaconsmind AG (ISIN: CH0451123589). Analyst Christian Orquera reiterated his BUY rating and maintained his EUR 18.50 price target. Abstract: On 15 January 2025, beaconsmind completed the acquisition of information and communication technology (ICT) services provider Swissnet AG and Dubai-based traveltech specialist Lokalee for a total consideration of CHF21.3m. These transactions were followed by beaconsmind's rebranding as Swissnet Group (Swissnet) a few days later. In line with the acquisition roadmap, beaconsmind previously held an Extraordinary General Meeting in December 2024, where shareholders unanimously approved the issuance of 850k new shares, raising the required CHF4.35m cash component of the purchase price. This capital increase was subscribed by the management team, board members, anchor investors, and new institutional investors. Swissnet also had a good start to the new year as it secured two significant contracts, one with the large private nursing home operator Vitanas Group (project valued at ~€800k), and one with the multinational tobacco group Philip Morris (project valued at ~CHF1.2m). In our view, Swissnet is accomplishing its strategic goals as expected. We anticipate that 2025 will be a strong year for the company. Based on unchanged estimates, we reiterate our price target of €18.50 and our Buy recommendation. First Berlin Equity Research hat ein Research Update zu beaconsmind AG (ISIN: CH0451123589) veröffentlicht. Analyst Christian Orquera bestätigt seine BUY-Empfehlung und bestätigt sein Kursziel von EUR 18,50. Zusammenfassung: Am 15. Januar 2025 schloss beaconsmind die Akquisition des Informations- und Kommunikationstechnologie (ICT)-Dienstleisters Swissnet AG und des in Dubai ansässigen Traveltech-Spezialisten Lokalee für einen Gesamtbetrag von CHF21,3 Mio. ab. Wenige Tage später folgte die Umfirmierung von beaconsmind in Swissnet Group (Swissnet). Im Einklang mit dem Akquisitionsplan hatte beaconsmind bereits im Dezember 2024 eine ausserordentliche Generalversammlung abgehalten, an der die Aktionäre einstimmig der Ausgabe von 850 Tsd. neuen Aktien zustimmten, um die erforderliche Barkomponente des Kaufpreises in Höhe von CHF4,35 Mio. aufzubringen. Diese Kapitalerhöhung wurde vom Managementteam, den Verwaltungsratsmitgliedern, Ankerinvestoren und neuen institutionellen Investoren gezeichnet. Swissnet hatte auch einen guten Start ins neue Jahr, da sie zwei bedeutende Aufträge erhielt, einen mit dem großen privaten Pflegeheimbetreiber Vitanas Group (Projekt im Wert von ca. €800 Tsd.) und einen mit dem multinationalen Tabakkonzern Philip Morris (Projekt im Wert von ca. CHF 1,2 Mio.). Wir sind der Ansicht, dass Swissnet ihre strategischen Ziele wie erwartet umsetzt. Wir gehen davon aus, dass 2025 ein starkes Jahr für das Unternehmen sein wird. Auf der Grundlage unveränderter Schätzungen bekräftigen wir unser Kursziel von €18,50 und unsere Kaufempfehlung. Bezüglich der Pflichtangaben gem. §85 Abs. 1 S. 1 WpHG und des Haftungsausschlusses siehe die vollständige Analyse. You can download the research here: http://www.more-ir.de/d/31713.pdf Contact for questions: First Berlin Equity Research GmbH Herr Gaurav Tiwari Tel.: +49 (0)30 809 39 686 web: www.firstberlin.com E-Mail: g.tiwari@firstberlin.com
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2082717 06.02.2025 CET/CEST
Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.
| The most important financial data at a glance | ||||||||
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025e | ||
| Sales1 | 0,49 | 0,76 | 1,98 | 1,57 | 6,61 | 13,89 | 29,30 | |
| EBITDA1,2 | -0,46 | -1,99 | -2,24 | -4,70 | -0,56 | 2,66 | 7,10 | |
| EBITDA-Margin3 | -93,88 | -261,84 | -113,13 | -299,36 | -8,47 | 19,15 | 24,23 | |
| EBIT1,4 | -0,53 | -2,04 | -2,46 | -5,28 | -1,40 | 0,64 | 4,80 | |
| EBIT-Margin5 | -108,16 | -268,42 | -124,24 | -336,31 | -21,18 | 4,61 | 16,38 | |
| Net Profit (Loss)1 | -0,54 | -2,05 | -2,50 | -5,43 | -2,32 | 1,34 | 3,40 | |
| Net-Margin6 | -110,20 | -269,74 | -126,26 | -345,86 | -35,10 | 9,65 | 11,60 | |
| Cashflow1,7 | -0,41 | -2,12 | -2,60 | -4,85 | -1,47 | 0,48 | 4,60 | |
| Earnings per share8 | -0,20 | -0,76 | -1,01 | -1,16 | -0,60 | 0,24 | 0,40 | |
| Dividend per share8 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | |
1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de
Auditor: SWA Swiss Auditors
All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.
| INVESTOR-INFORMATION | ||||||
| ©boersengefluester.de | ||||||
| Swissnet | ||||||
| WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
| A2QN5W | CH0451123589 | AG | 44,12 Mio € | 07.04.2022 | Kaufen | 8FVFH5HG+8W |
| PE 2026e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
| 7,65 | 20,98 | 0,36 | -13,20 | 2,72 | 87,37 | 3,18 |
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Dividend '2023 in € |
Dividend '2024 in € |
Dividend '2025e in € |
Div.-Yield '2025e in % |
| 0,00 | 0,00 | 0,00 | 0,00% |
| Annual General Meeting | Q1-figures | Q2-figures | Q3-figures | Annual press conference |
| 01.07.2025 | 30.09.2025 | 30.06.2025 |
| Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
| -13,97% | -16,61% | -25,18% | -24,09% | -56,67% |
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