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Through Knowledge

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Activities and Philosophy

  • We are an independent supplier of equity and bond research (founded in 2003): Specialist in Mid- and Small-Caps of following sectors: 
  • IT & Software, Media, Engineering & Special Engineering/Laser/Photonics, Biotech & Pharmaceuticals, Chemicals, Renewables, Utilities, Oil/Gas producers, Logistics  and Financial Services
  • Besides our own research label we are outsourcing research partners (white label/Co-brand research)
  • We are focusing on service, quality and clients: Research on Bloomberg//Thomson Reuters/vwd group and JCF Factset  & Roadshows in Europe
  • Our team is professional, has long-term experience and all our activities are based on high ethical standards (DVFA, CEFA, CFA).

The Research Team

The team consists of economists, biologists, chemists and engineers with longtime industry know-how and delivers independent and detailed fundamental analysis with a transparent and disciplined investment style.

We are focusing on the analysis of European growth and high valued companies with a market cap between EUR 20 Mio. and EUR 5 Mrd., partly above. 

Ceo and Founder       

Chief Executive of DR. KALLIWODA RESEARCH GmbH, Dr. Norbert Kalliwoda, studied economics and holds a PhD in Economics from Frankfurt University. In addition he is a Certified European Financial Analyst. Prior to establishing his own company in 2003 he worked as a sell-side analyst for Logistics/ Technology-companies at A&A Actienbank (Frankfurt/Main & Zurich). His professional career includes positions as a consultant in the area of process management and finance. Additionally he worked as a sales executive for Templeton and Equity Fund Manager for DIT/dbi (today Allianz Global Investors). Dr. Norbert Kalliwoda is member of panel discussions of ® Deutsche Börse AG (Technology) and he is seen in TV Live Performances.

Primary Research © Copyright Dr. Kalliwoda Research GmbH  

Bloomberg + Thomson Reuters + vwd group + Factset : KALLIWODA Recommendations



Arndtstraße 47
D-60325 Frankfurt am Main

Tel.: +49 69. 972 058 53
Fax: +49 69. 138 192 15
E-Mail: research@kalliwoda.com

Dr. Kalliwoda Capital Markets Conference in Brussels

Wednesday 18th of March 2015 Brussels
>> Dr. Kalliwoda Conferences

March 2015


>> Imprint

>> Career

>> Press

>> References

>> Company Presentation  (pdf download)

>> Newest activities 2013/2014  (pdf download)

>> Dr. Kalliwoda Conferences

>> Dr. Kalliwoda Roadshows

    >> Example MDAX50 Analysis:

   >> Example SDAX50 Analysis:
   >> Example TecDAX30 Analysis: