Thor Arne Höfs

M.M. Warburg & Co. KGaA (Broker) (M.M. Warburg-Broker) is the full service broker division of M.M. Warburg & Co. KGaA, a private bank headquartered in Hamburg, Germany. The firm was founded in 1798 and is a subsidiary of M.M. Warburg & Co. Gruppe GmbH. M.M. Warburg-Broker focuses on German small & mid-cap equities and provides coverage universe in Germany, advising institutional clients in Central Europe, Scandinavia, the UK and Spain. It follows a comprehensive and dedicated approach to deliver high class equity research, expert sales-service, and best execution in sales trading to its clients.

Part of Parmantier & Cie GmbH, FMR Frankfurt Main Research AG is an independent and owner-managed research house with a clear focus on small and midcaps in the roof region. FMR Frankfurt Main Research AG is based in Frankfurt, Germany. FMR Frankfurt Main Research was acquired by Parmantier & Cie GmbH from PVM Private Values Media AG on June 01, 2024. The German company aims to be one of the well-known addresses for small and midcaps in the next 3 years. The analysts in the team have many years of expertise in German-language minor values. The company was founded in 2018 by Marcus Silbe.

Montega AG provides investment research. The private company is based in Hamburg, Germany. The German company was founded in 2009 by Wais Samadzada, Alexander Braun. Alexander Braun has been the CEO since 2009.

Baader Helvea AG (Baader Helvea) s the research-based Swiss brokerage subsidiary of Baader Bank AG (XE: BWB) in Germany. Formerly known as Helvea SA, established in 1990, the firm is located in Geneva and specializes in equity research, sales, sales trading, execution and administration, and services institutional clients worldwide, including pension funds, insurance funds, unit trusts, balanced funds and hedge funds. Their core market is Switzerland with a focus on small- and mid-cap companies; however, they also have expertise in European equity especially in those sectors in which Swiss companies operate as global players, such as banking, insurance, healthcare, food manufacturing, chemicals and luxury goods. The firm's research process focuses on company analysis and includes a company visitation program. They aim to identify companies likely to generate superior returns for shareholders and to evaluate sector or company-specific trends.

Wolfgang Steubing AG Wertpapierdienstleister (Broker) is the brokerage division of Wolfgang Steubing AG Wertpapierdienstleister, an independent security trading bank headquartered in Frankfurt, Germany. Founded in 1987, the firm offers professional market-making, execution services and best execution in all asset classes (stocks, bonds, ETFs, structured products, derivatives, FX, etc.) for institutional clients. They operate on all German stock exchanges and have access to around 50 international stock exchanges and trading venues.

ODDO BHF AG (Broker) (ODDO BHF-Broker) is the broker/dealer division of ODDO BHF AG, which is owned by Oddo BHF SCA in German. The firm was founded in 1854 and is headquartered in Frankfurt. ODDO BHF-Broker offers a wide range of high value-added broking services for issuers, holding companies and/or family offices.

Macquarie Capital Europe Ltd. (Germany) (MCE Germany) is the Germany-based brokerage division of Macquarie Capital Europe Ltd., which is ultimately held by Macquarie Group Ltd. (ASX: MQG). The firm is headquartered in Frankfurt, Germany and was founded in 2008. MCE Germany provides brokerage services to their clients.

ODDO BHF Corporates & Markets AG (ODDO BCM) is a securities trading firm headquartered in Frankfurt, Germany. The firm was founded in 1994 and became a subsidiary of France-based Oddo BHF SCA in 2015. ODDO BCM is actively involved in the capital market primarily in four areas: equities and bond trading, market making as a designated sponsor, as a floor specialist broker on the Frankfurt Stock Exchange and in Corporate Finance. It advises German and other European SMEs on all their capital market plans, particularly in the areas of capital markets.

Oddo BHF SCA (Broker) is the securities brokerage division of Oddo BHF SCA, a financial services company headquartered in Paris, France. The firm provides equity brokerage services to various investors.

Kepler Cheuvreux SA (Germany) (Kepler Cheuvreux Germany) is the German brokerage division of Kepler Cheuvreux SA in France. The firm was founded in 2003 and is headquartered in Frankfurt. Kepler Cheuvreux Germany specializes in security broking and is a market leader for small- to mid-cap companies.