Scale market report: Widely diverging developments

Now Swissnet instead of Beaconsmind

Incidentally, Swissnet is the old Beaconsmind, which is what the company has been called since the takeover of Swissnet AG at the beginning of the year. Among other things, it offers location-based marketing software solutions, primarily for the retail, hospitality, healthcare and public sectors. First Berlin as well as NuWays and Quirin recommend buying the share. First Berlin names a price target of 18.50 euros, NuWays 20 euros and Quirin 19.40 euros. Swissnet is currently trading at 6.60 euros.

TPG on course for growth

New news has once again come from The Platform Group (TPG). Firstly, the software company for platform solutions has exceeded its own forecast for the 2024 financial year. Responsible for this: more partners, more active customers and successful acquisitions. The company also announced its own payment solution.

The analyst firm First Berlin continues to consider the share to be highly undervalued and recommends buying, with a target price of EUR 17 (currently EUR 9.04). Montega also recommends buying the stock and has a target price of 13 euros. “TPG AG exceeded market expectations in 2024 with double-digit sales and earnings growth,” explains the analyst firm. The growth momentum is likely to continue in the coming years.

“2G potential only partially priced in”

2G Energy (DE000A0HL8N9) also remains popular with analysts. The manufacturer of sustainable power plants, combined heat and power systems and heat pumps continued its growth trajectory in the fourth quarter - with a 37% increase in incoming orders. For the coming years, 2G Energy expects continued strong sales growth, driven by strong demand for sustainable power and heat generation as well as successful internationalization.

First Berlin, SMC Research and Warburg Research recommend buying the share, with price targets of EUR 35, EUR 35 and EUR 39, well above the current EUR 22.65. First Berlin justifies this with the high order intake, the ongoing internationalization and the expansion of the product range, a very good basis for strong profitable growth in the current and coming year. Although the share price has recently risen, First Berlin still believes that the growth potential is only partially priced in. 

Datagroup heavily traded

Datagroup (DE000A0JC8S7), an IT service provider for SMEs, large companies and public administration, is regularly one of the most heavily traded shares on the marketplaces of Deutsche Börse. The company from Pliezhausen near Tübingen recently announced that it was taking over the IT services for Stadtwerke Bonn. The share is a long way off its highs from the end of 2021 and is currently trading at EUR 43. 

Steyr with secondary listing

The Upper Austrian specialty engine manufacturer Steyr Motors (AT0000A3FW25), which has been listed in the Scale segment since October 2024, now has a secondary listing on the Vienna Stock Exchange in addition to its listing in the Scale segment. In this way, Steyr aims to position itself even more broadly on the capital market and increase its visibility among Austrian investors. The company offers customized engines for the defence industry and for civilian applications. Steyr recently announced that it is continuing its international expansion with a new office in Jakarta, Indonesia. The share has recently recovered somewhat, but is currently trading at EUR 14.10, still slightly below the initial listing price. 

Further recommendations for scale shares

By Anna-Maria Borse © 17 February 2025, Deutsche Börse AG