News & Trends

Globalance Futuremovers

16.12.2024 3 min

We look at five innovative, futuremoving firms that Globalance rates as highly attractive investment targets. They have one thing in common: All of them have the DNA of a family firm and are developing solutions for major global challenges.

YPSOMED – Switzerland

Injections for home use

HEALTH AND AGE — Ypsomed Group produces injection systems for self-medication, for the treatment of diabetes, obesity and many other autoimmune diseases. The ongoing boom in weight-loss injections is attributable to these pens and injectors. The founding family of Willy Michel, who set up the company in Burgdorf in 1984, is the main shareholder with a stake of around 70 percent. Ypsomed focuses on partnerships and works with all global pharmaceutical and biotech companies. Ypsomed expects strong growth in sales of over 20 percent over the next few years. We continue to see Ypsomed as an attractive investment.

Essilorluxottica SA – FRANCE

Glasses for an interconnected world

HEALTH AND AGE — EssilorLuxottica manufactures lenses and frames for spectacles. The French firm was created in 2018 from a merger between lens pioneer Essilor and Italian spectacles giant Luxottica. The latter’s founding Del Vecchio family retain a shareholding of around 32 percent in EssilorLuxottica. Today, the company offers solutions that combine visual aids with design. Having teamed up with Mark Zuckerberg’s Meta platform, the firm is working on smart spectacles that connect users with the digital world.

NVIDIA – USA

Processors for AI

DIGITALISIERUNG — Nvidia sells semiconductor systems and is considered a pioneer in high-performance graphic processors. The US firm was established in 1993 by Chris Malachowsky, Curtis Priem and Jensen Huang. The latter is now CEO and largest single shareholder, owning nearly 3.5 percent of the company — equivalent to around USD 125 billion. We expect earnings to double in 2024. Nvidia — alongside Apple now the world’s biggest listed company — dominates the markets for gaming and computing centres. It is a big beneficiary of AI hype. Although it remains unclear how AI is changing the market, we can expect greater efficiency and innovation. The high growth rates are also reflected in the share price.

PRYSMIAN SPA – ItALY

Cables for fast connections

CLIMATE AND ENERGY — Italian firm Prysmian SpA is the world’s biggest manufacturer of cables for the energy sector as well as telecommunications. Through specialist submarine cables for offshore wind energy and global data infrastructure, it has built up a strong market position. Prysmian SpA was set up in 2005, when tyre manufacturer Pirelli sold its cable business. The original founding family still has a small share in the company. We expect strong growth in sales (10 percent) and earnings. Free cash flow: EUR 800 million to 1.2 billion. Despite a very strong performance, we think Prysmian SpA remains a very attractive investment.

SUGI – JAPAN

Products for pharmacies

HEALTH AND AGE — Japanese firm SUGI sells everything you might expect in a pharmacy — from medications through hygiene items to health foods. Headquartered in Obu, the company also operates local drugstores that also offer home care. It was set up in 1976 by the Sugiura family, who still own around 35 percent of the shares. SUGI scores highly in terms of recycling, innovative packaging materials and simplified access to a healthy lifestyle. The SUGI Pharmacy app helps foster customer loyalty. We expect strong growth, not least due to demographic trends in Japan. We therefore think SUGI is attractive and has further upside potential.