Circus SE: From Development Phase to Commercialization – Buy Recommendation by MWB Research Confirmed

Circus SE generated little revenue in the fiscal year 2024 as the focus was on transitioning from research & development to industrial production. The operating loss (EBITDA) was within expectations at –11.9 million euros. Despite a negative equity of only 2.4 million euros at the end of the year, the company was able to raise approximately 18.7 million euros in new capital in the first half of 2025. Strategic milestones achieved At the center is the fourth generation of the automated cooking system CA-1, which is now considered ready...