Warburg Research GmbH, Ferdinandstraße 75, 20095 Research: +49 (40) 309537-0 Sales: +49 (40) 3282-2660 Sales Trading: +49 (40) 3282-2634

Eggert Kuls (-256) Christian Cohrs (-175) Marc-René Tonn (-259) Malte Schaumann (-170) Andreas Wolf (-140) Felix Ellmann (-120) [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] (Engineering) (Industrials & Transportation) (Automotive) (Technology) (IT, Technology) (Software, IT)

Aurubis Brenntag Bertrandt adesso ATOSS Software Drägerwerk Deutsche Post BMW Dr. Hönle Allgeier B+S Bankensystem KSB Dürr Continental Elmos Semiconductor ALSO Bastei Lübbe Eurokai Daimler Infineon Amadeus FiRe Cliq Digital technotrans Fraport EDAG AG Data Modul Washtec Hapag-Lloyd ElringKlinger S&T CANCOM Fabasoft HENSOLDT Grammer SFC Energy CENIT Francotyp-Postalia HHLA HELLA Singulus Technologies CompuGROUP GK Software MTU Aero Engines LEONI Süss Microtec Datagroup HolidayCheck Group AG Rheinmetall POLYTEC Vectron Systems GFT InVision Schaltbau Holding AG Porsche KPS Mountain Alliance Schaeffler Muehlhan / Sixt Pref. Nexus pferdewetten.de Sixt Leasing SAP secunet Stabilus S.A. Softing SNP SE Volkswagen Software AG SPORTTOTAL TeamViewer Your Family Entertainment

Oliver Schwarz (-250) Ulrich Huwald (-255) Jörg Philipp Frey (-258) Thilo Kleibauer (-257) Andreas Pläsier (-246) Marius Fuhrberg (-185) [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] (Chemicals) (Healthcare, Life Science) (Consumer) (Consumer Goods) (Banks, Real Estate) (Financial Services)

BASF aap Implantate A.S. Creation Bijou Brigitte Aareal Bank aifinyo AG BayWa Bayer Adidas Alstria Office Reit flatexDEGIRO Evonik co.don Adler Modemärkte Aroundtown Property Holdings GRENKE Fuchs Petrolub Epigenomics Beiersdorf Einhell Commerzbank Hypoport IBU-tec FME Blue Cap Fielmann DEFAMA Deutsche Fachmarkt AG Lloyd Fonds AG K+S Fresenius elumeo Hawesko MPC Capital KWS Saat Merck KGaA Henkel Holding Deutsche Börse New Work Lanxess Hugo Boss Hornbach-Baumarkt Deutsche EuroShop ProCredit Holding Südzucker Rhön-Klinikum Media and Games Invest plc METRO HELMA Scout24 Symrise Vita 34 Puma Takkt wallstreet:online AG Xlife Sciences Ströer VIB Vermögen Zeal Network SE The Social Chain AG Tom Tailor Zalando

Jonas Blum (-240) Mustafa Hidir (-230) Robert-Jan van der Horst (-290) Cansu Tatar (-248) Stefan Augustin (-168) Michael Heider (-280) [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] (Telco, Media, Construction) (Automobiles, Car Suppliers) (Technology) (Cap. Goods, Engineering) (Cap. Goods, Engineering)

1&1 Drillisch DEUTZ Basler Andritz Heidelberger Druck Medios Bauer JOST Werke Dialog Semiconductor Dt. Beteiligungs AG Sartorius freenet AG Knorr-Bremse AG init SE GEA Group KION Group Shop Apotheke Europe PORR AG LPKF GESCO AG Koenig & Bauer STRATEC SE ProSiebenSat.1 PIERER Mobility AG Nynomic INDUS Holding Zur Rose Group AG q.beyond SAF-Holland STEMMER IMAGING Rational MAX Automation The Warburg Monthly Stock Tracker RTL Group VARTA AG Ringmetall STEICO Telefonica Deutschland

Jan Bauer (-155) Philipp Kaiser (-260) Simon Stippig (-265) Dr. Christian Ehmann (-167) [email protected] [email protected] [email protected] [email protected] (Renewables) (Real Estate) (Real Estate) (BioTech, Life Science)

7C Solarparken Accentro Real Estate Deutsche Industrie REIT-AG Clearvise DIC Asset Deutsche Wohnen

Encavis Instone Real Estate TAG Immobilien 01.03.2021 Energiekontor Noratis UBM Development Pacifico Renewables PATRIZIA AG PNE AG