Deutsche Börse Xetra research

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1. 28 Aug 2026GFT gained €89 million on a Deutsche Bank contract with no priceGFT Technologies SE (XETRA:GFT) jumped 15.1% after Deutsche Bank named it for a core-banking overhaul. The missing contract economics decide whether the move holds up. XETRA:GFT · Information Technology · 7:33am AEST
2. 21 Aug 2026The €64 million cash outflow behind tonies' 41% growthtonies SE (XETRA:TNIE) fell 5.37% after H1 revenue jumped 41% at constant currency. Inventory conversion now matters more than box sales. XETRA:TNIE · Consumer Discretionary · 5:27am AEST
3. 20 Aug 2026Siemens Energy's €162 billion backlog just met a 15-year-high bond marketSiemens Energy (XETRA:ENR) fell 5.2% as Bund yields hit 15-year highs. We test the record €162bn order book against the market's rate shock. XETRA:ENR · Industrials · 3:00pm AEST
4. 18 Aug 2026€10 million of delayed defence revenue erased €38 million from Steyr MotorsSteyr Motors (XETRA:4X0) fell 22.08% after cutting 2026 guidance. Its €308 million backlog now needs a delivery-date discount. XETRA:4X0 · Industrials · 9:24am AEST
5. 15 Aug 2026Energiekontor cut 2026 profit by four-fifths; the projects did not disappearEnergiekontor (XETRA:EKT) fell 19.1% after Scottish grid delays erased most of its 2026 profit guide. The question is how much value was deferred. XETRA:EKT · Industrials · 5:47am AEST
6. 13 Aug 2026Inventory, not demand, now decides whether Bechtle's upgrade converts to cashBechtle AG (XETRA:BC8) fell 3.78% after upgrading its 2026 forecast. The test is whether a €227m inventory build becomes owner cash. XETRA:BC8 · Information Technology · 4:12am AEST