15/05/25 09:50:39

Scale market report: quarterly figures boost share price

Things are picking up again in the Scale segment, with many companies impressing with quarterly reports and outlooks, such as The Platform Group, 2G Energy and also sales leader Steyr. Pfisterer is new to the segment.


15 May 2025 FRANKFURT ( Börse Frankfurt). With the good mood on the stock markets, the Scale segment is also on the rise again. On Thursday morning, the Scale All Share Index stood at 1,224 after 1,012 points a month ago. Since the beginning of the year, this represents a clear plus.

A number of companies benefited from good quarterly figures, including The Platform Group (DE000A2QEFA1). The share is currently trading at 11.35 euros, compared to just 7.70 euros at the start of the year. The software company for platform solutions significantly raised its forecast for the current financial year at the end of April. The analyst firm First Berlin subsequently raised its target price from 17 to 19 euros and reiterated its buy recommendation. Montega also advises buying into the company and now gives a target price of EUR 17 instead of EUR 13. “The TPG AG share is undervalued in view of the strong operating performance and the dynamic guidance,” it says.

2G continues to perform well

2G Energy has also performed very well this year, with the share price climbing from EUR 22 to over EUR 33. The manufacturer of combined heat and power plants and heat pumps reported a significant increase in incoming orders in the first quarter. Here, too, some analysts are recommending a buy: SMC Research has raised its target price to EUR 38 in view of the latest figures and reiterated its buy recommendation. Warburg Research even considers the share to be fairly valued at 41 euros - the positive outlook paves the way for more growth. According to First Berlin, even tariffs should not stop 2G's US business, with a target price of 35 euros. 

Steyr: Calm after the hype

Steyr Motors (AT0000A3FW25) presented its figures yesterday, Wednesday: Sales rose by 26 percent in the first quarter, and the company is even expecting 40 percent for the year as a whole. The share price has more than tripled since the beginning of the year: it currently costs 52 euros, compared to just under 14 euros at the beginning of the year. However, trading is now much quieter. The share price of the Austrian engine manufacturer, which is benefiting from the armaments boom, rose rapidly in mid-March to a peak of 430 euros, before falling sharply again.  

Steyr continues to be the top seller. 

Steyr Motors (AT0000A3FW25) was once again the top performer in the Scale segment of Deutsche Börse in April, although its turnover of EUR 50 million was significantly lower than in March (EUR 205 million). It was followed by 2G Energy (DE000A0HL8N9), Mensch und Maschine (DE0006580806), Deutsche Rohstoff AG (DE000A0XYG76) and the Verve Group (SE0018538068). The Platform Group AG (DE000A2QEFA1) and Swissnet (CH0451123589) are currently leading the way in terms of share price performance over the past twelve months, with gains of 48% and 47% respectively. Daldrup & Söhne (DE0007830572), MPC Capital (DE000A1TNWJ4) and 2G Energy have also performed well since May 2024, with share price gains of 40%, 34% and 27% respectively. 

JDC figures are convincing

The JDC Group (DE000A0B9N37) has also recently seen a clear upward trend. The financial services provider reported the “strongest first quarter in the company's history” with consolidated turnover of over 60 million euros. The share price climbed from 18 euros in mid-April to 23.40 euros. BankM advises buying in and considers the share to be fairly valued at 26.65 euros. With various brands - such as Jung, DMS & Cie, allesmeins and Geld.de - JDC offers digital platforms for insurance, investment funds and financial products and services.

Newcomer Pfisterer, uplisting Verve Group 

Since yesterday, the Scale segment has a new member in Pfisterer Holding (DE000PFSE212). The first price of the share was EUR 30, currently it is slightly higher. Pfisterer is a technology company in the field of energy infrastructure and offers components and systems for power grids.

The Verve Group (SE0018538068) is no longer a Scale member. The shares have been traded on the Regulated Market of the Frankfurt Stock Exchange since Monday of this week. The Verve Group expects that the change will expand access to potential investors, increase the liquidity of the share and possibly also lead to inclusion in small and mid-cap indices. The investment company Mutares (<DE000A0SMSH2>) was also once a Scale member and is now listed in the Prime Standard, as is the financial services provider flatexDEGIRO (DE000FTG1111), now in the Prime Standard and an MDAX member, among others.

Further recommendations for Scale members

Analysis company/bankScale companyRecommendationTarget price in EuroCurrent share price in Euro
NuWaysNynomicKaufen34,5011,90
MontegaNynomicKaufen21,0011,90
MontegaDelignitKaufen6,002,50
NuWaysNabaltecKaufen24,0015,85
First BerlinDeutsche RohstoffKaufen43,0035,95
NuWaysmVisaKaufen1,300,52
First BerlinLaiqonKaufen9,003,91
GSCScherzer & CoKaufen3,002,10
GBCAdvanced BlockchainKaufen5,582,99
MontegaMPCKaufen7,005,16
BankMDatronKaufen15,038,00

By Anna-Maria Borse © 15 May 2025, Deutsche Börse AG

Anna-Maria Borse is a financial and business editor specializing in the financial market/stock exchange and economic topics.

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