Our services

The close cooperation between our research team, sales specialists and the trading sections enable us to offer integrated advisory services for institutional investors, financial investors, and corporations. Through our corporate locations in Hamburg, Frankfurt, Zürich, London and Paris, we serve as the direct point of contact for investors in Europe and North America. Hauck & Aufhäuser has also been providing comprehensive services as designated sponsor since 2015, and now offers a fully comprehensive range of services for small and mid cap enterprises.

Institutional Research

Small and mid cap companies are considered the backbone of the German economy. The clear focus of our Institutional Research unit is on listed small and mid cap enterprises in the German-speaking countries. The core role of Institutional Research is the production of equity analyses that meet the needs of professional buy-side capital market participants. Our analysts have won multiple awards for the high standard of quality and accuracy of their research, and regularly occupy leading positions in the analyst rankings. Through our expertise, we have earned a reputation as a reliable partner on the market.

Login Equity Research

Conditions for the Internet Presence of Hauck & Aufhäuser Privatbankiers AG  (including data protection)

(1) Disclaimer

The information provided on our website is based on sources that we consider to be reliable. However, we do not accept any responsibility for the correctness, completeness or actuality of these information or possible recommendations, or for the economic or fiscal effects. The publications are for general information purposes only and do not replace in any event investor and product related advice. The document is not a recommendation, offer or solicitation to buy or sell the mentioned stock and will not form the basis or a part of any contract.

In no event Hauck & Aufhäuser Privatbankiers AG ("H&A") shall be liable for losses or damages of any kind. This limitation of liability includes direct, indirect as well as consequential damages, which could arise as a result of or related to the access to the usage or performance and scanning of the H&A-website or through the linkage (linking) with other websites, irrespective of H&A IR not having indicated the possibility of such damages.

(2) Data Protection

Your personal data is collected, stored and processed by H&A in compliance with the respective laws. H&A does not pass personal data to third parties without your permission. If you register for a service and thereby provide personal data, we will only use these data insofar as it is essential for the execution of the service. If you should have questions concerning the handling of your data or the transmission reliability, please contact research@ha-ib.de

(3) Linked websites

If you activate certain linkages (links) on the H&A website, you might potentially exit the website of H&A. H&A has not checked the other websites that are linked to the H&A website and assumes no responsibility for the contents, in particular for the products or services offered on these websites, or for the other offers and information.

(4) Valuation basis/rating key

Buy: Sustainable upside potential of more than 10% within 12 months
Sell: Sustainable downside potential of more than 10% within 12 months
Hold: Upside/downside potential limited. No immediate catalyst visible.

Note, H&A does not make recommendations on the basis of performance expected “relative“ to the market.

(5) Remarks

H&A  has made every effort to carefully research all information contained in this financial analysis. The information on which the financial analysis is based has been obtained from sources which we believe to be reliable such as, for example, Reuters, Bloomberg and the relevant specialised press as well as the company which is the subject of this financial analysis.

Only that part of the research note is made available to the issuer, who is the subject of this analysis, which is necessary to properly reconcile with the facts. Should this result in considerable changes a reference is made in the research note.

Opinions expressed in this financial analysis are our current opinions as of the issuing date indicated on this document. We do not commit ourselves in advance to whether and in which intervals an update is made. The document and the recommendations and estimations contained therein are not linked - whether directly or indirectly - to the compensation of the analyst responsible for the document.

Please note that our research is only for the personal use of H&A clients. Do not pass on to third parties or make available to third parties.

(6) Disclaimer

This document has been prepared by  H&A or one of its affiliates (collectively “H&A“). This document does not claim completeness regarding all the information on the stocks, stock markets or developments referred to in it. On no account should the document be regarded as a substitute for the recipient’s procuring information for himself or exercising his own judgements. The document has been produced for information purposes for institutional clients or market professionals.

Private customers, into whose possession this document comes, should discuss possible investment decisions with their customer service officer as differing views and opinions may exist with regard to the stocks referred to in this document. This document is not a solicitation or an offer to buy or sell the mentioned stock.

The document may include certain descriptions, statements, estimates, and conclusions underlining potential market and company development. These reflect assumptions, which may turn out to be incorrect. H&A and/or its employees accept no liability whatsoever for any direct or consequential loss or damages of any kind arising out of the use of this document or any part of its content.

H&A  and/or its employees may hold, buy or sell positions in any securities mentioned in this document, derivatives thereon or related financial products. H&A and/or its employees may also act as market-maker or underwrite issues for any securities mentioned in this document, derivatives thereon or related financial products or perform or seek to perform capital market or underwriting services.

H&A  reserves all the rights in this document. No part of the document or its content may be rewritten, copied, photocopied or duplicated in any form by any means or redistributed without H&A’s prior written consent.

(7) Remarks regarding foreign investors

The preparation of this document is subject to regulation by German law. The distribution of this document in other jurisdictions may be restricted by law, and persons into whose possession this document comes should inform themselves about, and observe, any such restrictions.

(8) United Kingdom

This document is meant exclusively for institutional investors and market professionals but not for private customers. It is not for distribution to or the use of private investors or private customers.

(9) Competent supervisory authority

Bundesanstalt für Finanzdienstleistungsaufsicht -BaFin- (Federal Financial Supervisory Authority), Graurheindorfer Straße 108, 53117 Bonn and Lurgiallee 12, 60439 Frankfurt am Main - GERMANY

Coverage Universe

Source: Hauck & Aufhäuser Privatbankiers AG

Detailed and high-quality company analyses

Our Hamburg-based research team currently monitors more than 140 companies. Our analysts possess detailed knowledge about these companies and their strategies, as well as industry sectors, customers, and decision makers. This enables us to conduct high-quality, detailed analyses of the competitive positions of the companies and their ability to generate above-average ROIs.

Through close cooperation with our Equity Sales Trading unit, we provide our clients with excellent support for initial public offerings, secondary placements, and other capital measures.

Integrated advisory services for institutional investors, financial investors, and corporations

Institutional investors, financial investors, and corporations receive integrated advisory services that involve the following elements:

  • Production of fundamental-driven research products
  • Continual coverage of more than 140 companies from German-speaking countries
  • Commentary on current events and corporate news
  • Commentary on quarterly figures and events requiring clarification
  • Baseline studies and periodic updates on listed companies
  • Corporate roadshows in Europe and North America

Wide dissemination of the studies and analyst estimates for interested investors is ensured through publication via stock market information services, in the press, and via selected financial online portals.

Contact Institutional Research

Henning Breiter
Co-Head of Institutional Research
+49 (0)40 414 388-573
henning.breiter@ha-ib.de
Tim Wunderlich
Co-Head of Institutional Research, CFA
+49 (0)40 414 388-581
tim.wunderlich@ha-ib.de

Equity Sales

Hauck & Aufhäuser's brokerage services concentrate on German-speaking Small and Mid Cap companies. Our experienced sales specialists at the corporate locations in Hamburg, Frankfurt, Zürich, London, and Paris serve as direct points of contact for investors in Europe and North America.

Our sales specialists...

  • ...are personally available for you in Frankfurt, Hamburg, Paris, London and Zurich
  • ...support institutional investors in Europe and North America
  • ...are focused on German-speaking Small and Mid Cap companies
  • ...offer regular contacts to companies through the organization of roadshows and conferences
  • ...use our institutional research products as the basis for their trading ideas

Tailor-made solutions

Due to our thorough knowledge of the nature of this market and our direct local presence, we possess the best possible local know-how on the stock market – for both services on the secondary market for institutional investors as well as the placement and sale of primary market transactions. We excel as a reliable partner for our clients through creative ideas, unconventional thinking, and visionary approaches. Our success is the result of our ability to proactively generate trading ideas. We are able to leverage changes on the market for the benefit of our clients and offer tailored solutions. Our Institutional Research team and the trading units cooperate closely to offer integrated advisory services for institutional investors, financial investors, and corporations.

Equity Sales Trading

The orders in Hauck & Aufhäuser’s Sales Trading unit are client-driven and processed by our Sales Trading team from our corporate location in Hamburg.

Market-friendly placement of equities

Thanks to our extensive experience in supporting German and international institutional investors, we and our colleagues at Institutional Research & Sales are able to place equities of small and mid cap enterprises in large blocks and with minimal impact on the market. Our Sales Trading team is staffed by experienced brokers, each with more than 15 years experience in OTC trading and expertise in high-volume equity placement. Along with maintaining a high quality of service, we are committed to ensuring the independence, integrity, and discretion of our advisory services as well as guaranteeing best execution. The interests of our clients are of the highest priority for us.

Competences of our trading specialists

  • Generates trading ideas and minimizes the impact on the market of transactions 
  • Provides targeted market analysis
  • Brokers block trades and active flow management
  • Utilizes electronic networks such as Fidessa, Autex, Bloomberg EMSX, etc.
  • Provides high-quality execution through partnerships and direct access to a range of international stock markets
  • Executes orders and trading strategies (algorithmic trading, block crossing, pair trades, working/care orders, best execution, smart order routing)
  • Enables the use of multilateral trading systems and dark pools

Contact Equity Sales Trading

Mirko Brüggemann
Head of Equity Sales Trading
+49 (0)40 414 388-575
mirko.brueggemann@hauck-aufhaeuser.com

Designated Sponsoring

Hauck & Aufhäuser complements its range of services for small and mid cap companies through the addition of designated sponsoring. We act as a designated sponsor on the trading platforms of the German stock market (Xetra) and as a market maker – likewise also as a specialist – on the Austrian stock market (Xetra Vienna).

All-round client support

Our specialized Senior Team’s extensive experience in Small and Mid Cap companies in the German-speaking countries delivers highly personal, tailored, cross-segment support to the companies we manage. Furthermore, our range of services is supplemented by on-demand support for management boards and IR managers as well as periodic information on equities trading/activities. In so doing, we also ensure that we broaden our view by factoring in peer groups.

No use of quote machines

In order to satisfy your high requirements at all times, we refrain from using quote machines. Steady and significant over-fulfillment of requirements for the top-ranking “AA” of the Deutsche Börse AG, best-in-class performance on the Wiener Börse AG, and our clients’ satisfaction testify to the success of our concept and allow us to excel as experts on the market.

We would be more than happy to meet you in person to explain how our tailored solutions approach meets your individual requirements.

Top awards from the German stock market in the regulated market: Download

Overview of the orders in designated sponsoring: Download

Contact Designated Sponsoring

Martin Belz
Designated Sponsoring
+49 (0)69 2161-1541
martin.belz@hauck-aufhaeuser.com
Jörg Rötger
Designated Sponsoring
+49 (0)69 2161-1542
joerg.roetger@hauck-aufhaeuser.com

Further information

Further information regarding investment recommendations of the last 12 months pursuant to Article 4(1)(i) of the delegated regulation 2016/958 supplementing regulation 596/2014 of the European Parliament: Recommendation List

Note – Conflict of interest: A commercial link between Hauck & Aufhäuser and Tom Tailor exists as a result of the investment in Tom Tailor by the parent company of Hauck & Aufhäuser Privatbankiers.

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