LAIQON AG: Positive Growth and Financial Outlook for FY'25

LAIQON AG, classified by NuWays AG, has shown a commendable financial performance in FY'24, notably in its Digital Wealth segment. Assets under Management (AuM) increased by 27% to €0.7 billion, and sales rose by 77% year-on-year to €3.9 million. This segment is expected to drive significant growth in FY'25, facilitated by the partnership with Union Investment. The Wealth Management sector also saw an improvement, with 17% growth in AuM and 16% in sales.

Cost management was effective, with personnel and material expenses decreasing relative to sales. These reductions were mainly in fixed costs, suggesting enhanced profitability as sales and AuM continue to climb. A positive free cash flow of €1.7 million in the second half of 2024 further underscores financial solidity.

The analysis recommends a BUY with a target price of €7.40, anticipating strong sales and EBITDA margins alongside positive cash generation in FY'25.