1. Germany Stocks

  2. •

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  3. •

    Investment banks/Brokers
Lang & Schwarz AG

Lang & Schwarz AG

15.30
EUR
+0.15
(+0.99%)
255.77MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
13
27.32
27.9
20.8
31.05
30.79
25.94
73.3
88.91
79.9
51.42
78.36
126.8
- -
Basic EPS, GAAP
0.11
0.53
0.67
0.5
0.83
0.03
0.08
1.12
2.22
0.93
0.81
2.34
5.13
- -
Free Cash Flow per Basic Share
-0.16
1.67
1.77
2.02
-0.76
6.13
-2.03
1.18
8.26
2.34
-5.37
-1.02
10.52
- -
Dividend per Share
- -
0.09
0.39
0.48
0.38
0.57
0.33
- -
1.33
1.5
0.64
0.55
1.75
- -
Book Value per Share
2.48
2.91
3.08
3.26
3.7
3.17
2.91
4.02
4.91
4.34
4.51
6.3
9.69
14.82
Tangible Book Value per Share
2.38
2.83
2.97
3.16
3.61
3.07
2.83
3.98
4.88
4.31
4.42
6.18
9.59
14.73
Basic Weighted Avg Shares
9
9
9
9
9
9
9
9
9
9
9
9
9
9
Sales/Revenue/Turnover
123
258
250
196
293
291
245
692
839
754
485
740
1,197
- -
Operating Margin (%)
3.17
5.16
9.05
3.6
3.95
3.43
2.36
4.1
9.95
2.16
2.36
6.77
6.6
- -
Depreciation Expense
- -
- -
- -
1
1
1
1
1
1
1
1
1
1
- -
Net Income, GAAP
1
5
6
5
8
- -
1
11
21
9
8
22
48
- -
Effective Tax Rate (%)
45.81
33.64
31.77
32.94
31.39
97.25
87.57
62.44
67.45
38.81
42.91
55.23
39.7
- -
Profit Margin (%)
0.81
1.93
2.39
2.41
2.68
0.09
0.29
1.52
2.5
1.16
1.57
2.99
4.05
- -
Working Capital
86
133
191
230
409
325
501
793
927
657
672
787
1,080
1,416
LT Debt
- -
- -
- -
- -
14
15
131
97
- -
- -
- -
- -
- -
143
Total Equity
23
28
28
31
35
30
27
38
46
41
43
60
92
141
Return on Invested Capital (%)
2.53
11.41
18.77
2.51
12.67
0.45
0.41
4.08
16.83
12.88
9.06
21.38
30.99
- -
Return on Capital (%)
2.79
11.85
18.97
10.48
12.75
0.45
0.41
4.08
16.79
13.04
12.03
23.52
32.53
- -
Return on Common Equity (%)
4.38
19.56
21.71
16.2
23.92
0.85
2.47
32.17
49.74
20.08
18.27
43.32
64.18
- -

Capital Structure

EUR

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
ST Debt
- -
87
- -
LT Borrowings
291
- -
143
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
9
9
9
Market Capitalization
216
210
256

Working Capital

EUR

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
Total Current Assets
1,232
1,178
1,428
Cash, Cash Equivalents & STI
1,211
1,160
1,396
Accounts Receivable, Net
3
2
- -
Inventories
- -
- -
- -
Total Current Liabilities
6
98
11
Payables & Accruals
- -
- -
- -
ST Debt
- -
87
- -
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
14.96%
21.79%
53.81%
Free Cash Flow
-234.19%
-204.03%
-1,135.43%
Net Income, GAAP
182.71%
67.36%
119.04%
Sales/Revenue/Turnover
28.34%
17.94%
61.82%
Total Cash Common Dividend
- -
- -
218.32%

Semi-annual Revenue

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
740
2025
- -
- -
1,197
2026
- -
- -
- -

Semi-annual Earnings Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
2.34
2025
- -
- -
5.13
2026
- -
- -
- -

Semi-annual Dividends Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.55
2025
- -
- -
1.75
2026
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Oliver Ertl
Full Time Employees
90
Sector
Finance
Industry
Investment banks/Brokers
Address
Breite Strasse 34 Dusseldorf NW Germany 40213
IPO Date
Jan 4, 2010
Website
ls-d.de
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Business
Lang & Schwarz AG operates as a holding company for a group of financial services firms based in Düsseldorf, Germany, founded in 1996. The company develops and issues structured derivative products under its own name, including leverage products such as turbos, endless turbos, warrants on indices, equities, commodities, interest rates and currencies, themed certificates and wikifolio certificates; through its key subsidiary Lang & Schwarz TradeCenter AG & Co. KG, it runs Germany's leading over-the-counter trading platform, enabling clients of approximately 20 partner banks to trade domestic and foreign equities, funds, bonds, ETPs including ETFs, ETCs and ETNs, and Lang & Schwarz's proprietary products, while also serving as market maker and liquidity provider on LS Exchange, an electronic trading system of Börse Hamburg und Hannover AG for equities, ETFs, ETCs, ETNs and bonds; Lang & Schwarz Gate GmbH provides IT hardware, software and trading connectivity services internally and to third parties; and P3 finance GmbH, a joint venture with P3 group GmbH, develops digital financial solutions and operates the onelink trading system on LS Exchange. The group primarily serves retail investors across Germany and Europe through extended trading hours including weekends. In 2024, P3 finance successfully launched the innovative onelink trading system on LS Exchange in late August, replacing the prior system to enhance performance, resilience and scalability for growing volumes; the company also reported record revenues and outstanding quarterly results in 2025, raised its full-year forecast in October 2025 and announced management board changes in June 2025.