Protest persists?

In a remarkable turn of events, Pfisterer, the German technology conglomerate, has reported impressive financial results for the first half of the year. The company's adjusted EBITDA surged by 13.2% to €39.5 million, while net income saw a significant increase of 33.1% to €21.8 million.

These positive figures were underpinned by a successful acquisition and a clear growth strategy. Pfisterer expanded its portfolio by acquiring Power CSL, a specialist in offshore cable solutions. This move strengthens Pfisterer's position in the future HVDC (high-voltage direct current) market segment, enhancing its offshore cable connection solutions.

The acquisition has contributed to a 9.5% increase in revenue for the first half of the year, which now stands at €213.6 million. Orders received during the same period totaled €290.2 million, marking a 44.7% rise. The second quarter showed particularly strong growth, with revenue up 21.4% and earnings up 23.0%.

CEO Johannes Linden expressed confidence in the positive trend continuing throughout the year. He noted that Pfisterer has full order books and is well-positioned to sustainably benefit from the globally increasing demand for electricity.

The success of Pfisterer's IPO in May, which saw the stock double, has been followed by a steady rise in the market. Pfisterer's stock symbol, PFSE21, showed an early trading increase of around 1%, indicating a positive sentiment among investors. Despite the target price of €60 being reached, some analysts believe that the shares may still have room to rise.

Investors who held onto their Pfisterer shares following the recommendation in issue 22/25 have indeed doubled their investment. Pfisterer's success is also attributed to the strong tailwinds from the energy transition, with the company benefiting from the growing demand for sustainable energy solutions.

Looking ahead, Pfisterer plans to establish a new HVDC lab in Winterbach, set to enable serial production by the end of 2026. This move further solidifies Pfisterer's commitment to innovation and growth in the offshore cable solutions sector.

With additional capacities being created in the Czech Republic and a clear growth strategy in place, Pfisterer seems poised for continued success in the second half of the year and beyond.