23.09.2005

transtec potential
BetaFaktor

As far as the experts of "BetaFaktor" are concerned, the shares of transtec (ISIN DE0007241424/ WKN 724142) still have potential.

Secretly, quietly and without any larger push-actions, transtec AG's share price is going up. After several year's of considerable losses - like a negative EBIT of EUR 8.7 million EUR (sales: just about EUR 63 million) in 2004 - a turnaround seems imminent now. The turning point should be reached in the course of the current business year as a result of restructuring and refocusing. Sales are expected to come in at EUR 65 million and the company should reach break even with regard to earnings. In the eyes of the experts, these targets are achievable.

In the years to follow, the company even wants to return to the growth path with impressive rates of 10% per annum. Mid-term, earnings margins of 5% should be feasible. On this basis, the company's current valuation does not seem to demanding. A market valuation of EUR 14.5 million still leaves s ome headroom.

With this background, the experts of "BetaFaktor" still see potential for the shares of transtec.

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