DVS Technology

DB: DIS

€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.

Investment summary

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.

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Sector
Industrials
Share price graph
Price performance
%
1m
3m
12m
Actual (0.6) 0.0 17.0
Relative* (5.3) (6.4) (28.3)
52-week high/low €17.3/€13.9
*% relative to local index
Key management
Axel Loehr CFO