Monday 22 June 2015

DBAG report Q2 2015

DBAG, Q2, 2015, front page

The half year report from DBAG is out and by the look of it they have put on their spending trousers and are walking down the street like a cowboy after a long, long ride being prepared to shoot anything jumping out. If 2015 is the year to put on the spending trousers that I can not say anything about besides from that every year there must be companies to buy.

As always please make sure that you are viable to read the report that can be found in full here. To read the previous summary please go to DBAG report Q1 2015 or why not visit the analysis of DBAG 2015.

The reason why I bring up the trousers are because back in 2014 at this time they had invested 5 million € and this year they are already up at 54 million € and they have hired eight more employees that needs to be fed each month. For the first half year the earnings are pretty good with 21 million € but the second quarter is historically not very good since they only brought in 8.5 million € which is still better than back in 2014 when it was a bit below 6 million €.

DBAG, Q2, 2015, key figures

Conclusion: DBAG keep expanding in not only amount of investments but also in the amount of employees. Investments I like that they are pushing but employees not so much. Still, things are looking pretty good and I will remain as shareholder for the time being.

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