€166.5m market cap
€17.2 last close
DVS TECHNOLOGY (also known as Diskus Werke) is an archetypal Mittelstand systems provider with very strong market positions in the sub-segments within which it operates. The company is organised around three business units: Machine Tools & Automation, Tools & Components and Production.
DVS TECHNOLOGY’s H120 results were affected by a lower order book at the start of the year and the coronavirus pandemic, leading to a 28% decline in revenues to €90m and a loss before tax of €3.1m. Due to improved market conditions since then and cost-saving measures implemented since May 2020, management expects stronger results in H220 vs H120. FY20 guidance is for a decline in revenues of 19% and a break-even result before tax. Longer term, DVS TECHNOLOGY is well positioned to benefit from the market’s continued transformation towards e-mobility as it has exposure to e-mobility products in all of its divisions.