Analysts’ recommendations

Analyst Institute Recommendation Date Target Price (TP)
Punzet DZ Bank AG Sell 18 August 2021 12.50 Euro
Tonn Warburg Research Sell 12 August 2021 12.00 Euro
Raab Kepler Cheuvreux Reduce 12 August 2021 8.60 Euro
Laskawi Deutsche Bank Hold 11 August 2021 12.00 Euro
Kukalj Quirin Bank Sell 11 August 2021 12.00 Euro
Asumendi JP Morgan Cazenove Underweight 09 July 2021 7.00 Eurp
Biller LBBW Sell 27 May 2021 8.00 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 5,101.0
EBIT before exceptional items as
well as before VALUE21 costs		 132.8
Free Cash Flow -121.6

Vara Research GmbH, Aug. 20, 2021; based on estimates of 6 research analysts

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