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Lloyd Fonds: Strong final spurt

Thanks to the strong fund performance, Lloyd Fonds is exceeding expectations for 2020. EBITDA of 3.2 million euros was expected in the second half of the year. Ultimately, it should be more than 8.5 million euros. The profit after taxes should be more than 4.6 million euros (old: 1.5 million euros). That should mean a profit of 0.9 million euros for 2020.

Good fund management is a powerful lever for the numbers. This should also have an impact on 2021. The experts from SMC Research are increasing their profit forecast from EUR 0.3 million to EUR 1.6 million. Her forecast for 2020 is 1.1 million euros.

The experts saw the target price for the shares in Hamburg at 11.30 euros. In the new study it rises to 11.70 euros. The “speculative buy” vote for the title remains unchanged.

Lloyd Fonds will not yet be paying a dividend.

Lloyd Fonds shares are down 2.1 percent today. The paper is quoted at 7.00 euros at noon.

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