Avemio AG

3D6

Equity

ISIN DE000A2LQ1P6 / Valor 44433876

Xetra (2024-12-23)

EUR 7.10%

Avemio AG
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About company

Avemio AG operates as a pivotal player in the German-speaking B2B market for professional film and television technology. Positioned as the largest supplier in this niche, the company distinguishes itself through its manufacturer-independent approach, offering an extensive range of products and services. With a network of over 2,000 distributors, Avemio AG provides a comprehensive portfolio that encompasses more than 40,000 products. This vast selection includes everything from camcorders and post-production technology to complete broadcast solutions, catering to a wide array of professional needs in the film and television production industry. Through its broad offering, Avemio AG aims to serve as a one-stop-shop for professionals seeking high-quality equipment and technology solutions.

Summarized from source with an LLMView SourceSector: Business Services

Revenue Decline in 2023

Avemio AG reported a decrease in revenue for the fiscal year 2023, with sales falling to approximately €103 million from €108.7 million in the previous year. This decline was contrary to the company's earlier projections of reaching €120 million, primarily due to a weaker economic environment and reduced consumer spending on professional film and television equipment.

EBITDA and Profitability Drop

The company's EBITDA for 2023 significantly dropped to around €0.8 million, a stark decrease from €4.4 million reported in 2022. This fall in EBITDA reflects the challenging market conditions and increased pressure on margins. Additionally, Avemio AG experienced a negative earnings after taxes of approximately €-0.5 million for the year.

Capital Structure and Strategic Moves

Despite the financial setbacks in 2023, Avemio AG maintained a solid capital structure with equity of €12.5 million and an equity ratio of 35%. The company also highlighted its strategic focus on mergers and acquisitions, supported by available credit lines and state-backed financing, to bolster future growth.

Forecast and Valuation Adjustments

Following the disappointing results of 2023, Avemio AG's financial forecasts for the upcoming years have been revised downwards. The company now anticipates slower recovery and has adjusted its future revenue and EBITDA projections, impacting the valuation and setting a new target price of €32.00 per share.

Investment Outlook and Rating

Despite the financial downturn in 2023, Avemio AG continues to hold a BUY rating from analysts, reflecting a long-term confidence in the company's market position and its strategic initiatives aimed at returning to profitability and sustainable growth.

Summarized from source with an LLMView Source

Key figures

-32.4%1Y

%3Y

%5Y

Performance

90.7%1Y

92.7%3Y

92.7%5Y

Volatility