Norbert Haslacher’s Post

Thrilled to see Everstream Analytics' data and my commentary being included in this new article by Joachim Hofer from German business daily Handelsblatt on the current state of the #semiconductor supply chain and global investment into new production capacity. #supplychain #investment #riskmanagement https://lnkd.in/emW5Dxu7

Top-Dividenden im Mai: BMW, DHL und mehr bis zu 12,70% Informative article highlighting high dividend yields of up to 12.70% on select German stocks in May. Discover top dividend-paying companies like Allianz, DHL, and BMW to maximize your investment returns. https://lnkd.in/ghbAAPA3

Storm clouds gather over the European industry... The European automotive sector is highly vulnerable as it is closely interconnected, and major players are under stress from increasingly fierce competition from China. Chinese companies are not only at the forefront of electrification but also in software development and AI.  Finding the right balance is difficult, but we are likely to see extensive consolidation (liquidations, mergers and new collaborations) in the Electric Vehicle market in the coming years. How sustainable and effective are Chinese subsidies? This remains to be seen, but there is no doubt that Europe’s automotive sector has a lot of catching up to do!

I recently came across this thought-provoking article shared by a friend, reflecting on the changing business landscape in Germany. After a decade of frequent business travels to the country, it's evident that things are not the same as they used to be. The insights shared by @Theodor Weimer from Deutsche Börse resonate deeply. Criticizing the status quo and questioning economic decisions and policies is crucial. Are current strategies truly fostering investment and attracting foreign investors to Germany, home to renowned products and companies admired worldwide? The concerns raised about the future of Germany's hidden champions and family-owned businesses, which have long been the backbone of its success, are significant. Uncertainty around economic policies is making investors think twice about new ventures, potentially impacting the country's longstanding legacy. Intriguing observations summarized in the article, as Gabor Steingart aptly puts it, "Prädikat lesenswert" (worth reading). [Link to the article for those interested in gaining further insights: https://lnkd.in/eVqD9_Rc]

Our CEO, Dr. Klaas Rackebrandt, was recently featured in an insightful article titled "Schwedische Börse lockt deutschen Mittelstand", highlighting the growing interest of German SMEs in the Swedish stock market from Handelsblatt. In the article, Klaas shares his thoughts on how the Swedish exchange provides a unique opportunity for German mid-sized companies to expand their capital market strategies. With its transparent regulations and supportive ecosystem, the Swedish market is becoming an attractive destination for growth-oriented German firms. Curious to learn more? Read the full article (ePaper) and discover how Scalania AG and other German companies are leveraging these opportunities! Membership needed to read full article. https://lnkd.in/dsrkfDut #Finance #SwedishMarket #GermanSMEs #GrowthOpportunities

🌐 Exciting insights from our chairman, Oliver Ganser, in a recent interview with automotiveIT! Oliver discusses the foundational efforts needed to drive digital transformation in the automotive sector and highlights the strategic initiatives of Catena-X. 🔗 Dive deeper into our conversation on why laying solid groundwork is crucial for innovation and success in the industry. Here are some of the highlights from the interview: • Catena-X Complexity: A multifaceted platform that pushes businesses beyond conventional IT solutions to harness collective digital power. • Open Source Leadership: Catena-X leads by example in open-source contribution, encouraging an industry-wide shift towards shared innovation. • Future Readiness: Facing new EU regulations, Catena-X advocates for an open network approach to meet complex compliance and sustainability challenges.   Join us as we explore the challenges and opportunities in shaping the future of automotive technology. #DigitalTransformation #Innovation #AutomotiveIndustry   https://lnkd.in/dEhiiTSu

GERMAN DIRK PUBLISHED OUR LATEST Q1’2024 MARKET RESEARCH We are very grateful to the German investor relations society DIRK for publishing our most recent Q1’2024 market commentary “A More Cautionary Tale Amidst Stagflationary Shocks”.  This was exactly a week after we had officially released the document on our corporate website and is hopefully of help to all those still preparing their Q1’2024 results release over the next few days. https://lnkd.in/dadwgVNT German listed companies have been an interesting theme within the broader investor debate on “divergence”, whether this relates to the valuation gap between US and European companies (as more and more European corporates are looking into a NYSE listing), a different level of productivity gains and interest rates between the US and Europe or simply the strong US-dollar in relation to other major currencies.  Within this current investor debate, there has been a discussion during the Q1’2024 reporting season about a “tale of two Europes” (Jane Fraser, CEO of Citigroup), with Germany as the weakest economy at one end and some Southern European markets already enjoying an economic recovery (Spain, Portugal, Greece). More importantly, as more and more European companies currently investigate a primary listing in the US (Shell, TotalEnergies) and/or list their US operation at NYSE (Holcim), German companies were frequently challenged at the Q1’2024 analyst Q&A sessions what structural changes they are planning at Group level to improve their valuation, with DHL Group being asked whether they would consider a spin-off of their ailing German postal & parcel business.  Similarly, Lufthansa extensively complained about their low valuation, which is something unusual at a public call and certainly not very much liked by professional fund managers, who prefer to have their own view and not being told by senior management. Finally, and perhaps representative for the current discussion in Germany, the new CEO of Bayer, Bill Anderson, summarised the structural issues of the company at their 2024 Capital Markets Day on 5 March 2024 being the bureaucracy – at all layers – with the “organisation being trapped in rules and hierarchy” and with “virtually all competitors (being) ‘pure play’”.  For a company which had aimed to get on top of the global league through acquiring Monsanto only a few years ago, this has been a very tough reckoning. For a copy of our original publication on 1 May 2024, see: https://lnkd.in/dwBeNnu3

SUICIDE MOVE! The beginning of the end of Deutsche Bahn. Selling nearly 45% of your revenue and the only profitable business unit - to cover less than ~50% of your debts?! No company can survive that ... (except the tax payer covers) Who would approve something like that Volker Wissing, Robert Habeck, Olaf Scholz? It seems there is missing an understanding of any business basics - although it is very simple: --> If you sell your only profitable business unit and with it more than 40% of your revenue... --> ...the rest of your company is not profitable... and you have a massive cashflow issue on top... --> ... and then you plan to save your company by focusing it on its (not profitalble) "core business"?!?!?!?!?!?!?! REALLY?! --> ... you will rescue nothing ... your company will be bankrupt sooner or later. End of Story.

Incredibly interesting insights from our amazing Deal Advisory team in Germany, I dearly recommend reading as the deals industry becomes stronger as an engine for transformation of the German economy #dealadvisory #M&A #transactions #insights #strategy #valuecreation