BAADER INVESTMENT CONFERENCE - A PHYSICAL EVENT ONCE AGAIN
After two years of being held in a hybrid format, the 11th annual Baader Investment Conference event becomes an entirely physical event again. With a total of more than 700 investors from 30 countries and around 230 presenting companies meant participant numbers were similar to what they were before the Covid-19 pandemic.
Compared to the previous year, this year featured exclusively live talks as well as 1-to-1 and group meetings onsite in Munich, bringing direct professional and personal exchange back into focus. "The Baader Investment Conference met all expectations again this year, whether it was the organisation, location, network facilities, investor access, fireside chat or corporate diversity, everything was perfect. A big thank you!" from Julia Bock, Head of Investor Relations at K+S Aktiengesellschaft.
The invited companies gave the numerous international and local investors detailed insight into their company development during more than 110 forum presentations and around 3,000 individual and small group discussions. A total of 22 of the companies are listed in the DAX, 36 are from Switzerland and 16 are from Austria. "The Baader Investment Conference makes a very good impression with its great personal support, starting at check-in, its friendly atmosphere as well as its very professional organisation and very good events with investors, whom we rarely meet," emphasises Symrise AG CFO Olaf Klinger.
The Baader Small Cap Day was held again on the fifth day of the conference, during which companies such as Mister Spex and SGL Carbon SE presented their investment cases to investors with a focus on companies with comparatively small market capitalisation.
“We are enormously grateful that, after two years of pandemic-related restrictions, the Baader Investment Conference was once again held with an evening program and the opportunity to exchange ideas on site. We are particularly pleased that many investors have once again made the journey to attend our five-day event in Munich," said Oliver Riedel, member of the Baader Bank Board of Directors.
Optimism despite growing economic threats
The presenting executives mostly reported positively on current business performance and confirmed the targets set for 2022 and beyond. Despite continuing burdens from the macro environment, the majority of companies appeared confident that they would be able to cope well with the emerging weakening of demand and continue to grow profitably in the medium term thanks to their good positioning in attractive markets. In this context, many companies referred to their high order backlog and gradually decreasing supply chain problems.
However, following strong price increases in recent quarters, some companies saw diminishing scope to pass on higher input costs to their end customers. With labor costs continuing to rise, this could well lead to temporary margin compression. In addition, the significant rise in refinancing costs due to the massive tightening policy of the global central banks represents a negative factor in the long term.
With inventories having reached quite high levels in many cases, several companies expressed plans to reduce their net working capital, which should have a positive impact on the liquidity situation. Against this background, many companies continued to see themselves in a position to supplement their organic growth with acquisitions as well as to allow shareholders to participate in the positive business development as expected.
The next Baader Investment Conference will take place from 18 - 22 September 2023 in Munich.
Please do not hesitate to contact us if you have further questions: conference[at]baaderbank.de