Analysts’ recommendations

Analyst Institute Recommendation Date Target Price (TP)
Raab Kepler Cheuvreux Reduce 11 November 2021 9.70 Euro
Punzet DZ Bank AG Sell 10 November 2021 10.00 Euro
Asumendi JP Morgan Cazenove Neutral 10 November 2021 10.70 Euro
Biller LBBW Sell 10 November 2021 10.00 Euro
Laskawi Deutsche Bank Hold 01 October 2021 11.00 Euro
Tonn Warburg Research Sell 12 August 2021 12.00 Euro
Kukalj Quirin Bank Sell 11 August 2021 12.00 Euro
Diermeier Independent Research Sell 05 May 2021 9.70 Euro
Eggeling Oddo BHF Underperform 04 May 2021 10.00 Euro
Steilen  Commerzbank Hold 18 March 2021 11.00 Euro
Glowa Hauck & Aufhäuser Hold 21 January 2021 9.00 Euro

Analyst Consensus

in million Euro Full Year 2021 (E)
Sales 5,031.7
EBIT before exceptional items as
well as before VALUE21 costs		 133.6
Free Cash Flow -163.3

Vara Research GmbH, Oct. 28, 2021; based on estimates of 4 research analysts

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