{
 "as_of": "2026-11-06",
 "cmr": "de-cm-kg/XETRA/M12",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# M1 KLINIKEN AG  O.N. (Xetra: M12) — research page\n\nAs of 2026-11-06 · de-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is M1 KLINIKEN AG O.N., listed on Xetra under ticker M12, ISIN DE000A0STSQ8, LEI 529900W697S31A26WT02. Its security type is Corporate, its segment is DEUTSCHLAND, and its jurisdiction is Germany (Handelsregister HRB). Its sector is not on the record. Its listing status is listed, not halted.\n\n## The disclosure read\n\nThe record holds 5 filings in the twelve months to 2026-11-06, on 2 filing days, by type: 3 corporate news, 1 newswire release and 1 results. The median gap between filing days is 272 days. The latest filing is dated 2026-09-09 and is of type results, 58 days before the record date. Exchange peers on Xetra (419 issuers) have a median cadence gap of 22.8 days, a median of 6 filings, and a median latency of 5.5 days. Sector peers on this market are not on the record.\n\n## Auditor\n\nThe auditor of record is not on the record. The record carries the annual report link only, which is a source link and not a read. Auditor location and auditor changes are not on the record.\n\n## Events and halts\n\nListing, delisting, name change, domicile change and segment move are not on the record, as the market's lifecycle type map is not yet available for this register. The halt flag is not set: the issuer is listed, not halted.\n\n## Orderability\n\nThe outcome is ACM-200 and determinable for Professionelle Kunden, Privatkunden and Geeignete Gegenparteien. The rule version is acm-68000/de/mifid-ii-product-governance-produkt-berwachung/r1, with chapter as of 2026-11-04.\n\n## Coverage\n\nThe issuer's own investor-relations page names 6 research houses: Bankhaus Metzler, First Berlin, Warburg Bank, Hauck Aufhäuser, Warburg Research and Hauck & Aufhäuser.\n\n## Open research\n\nThe record holds 4 openly published research notes: First Berlin dated 2025-06-19, Warburg Research dated 2024-09-04, First Berlin dated 2023-05-02, and Warburg Research dated 2021-10-01.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe market's vintage is not sealed. No issuer years are sealed, the market's earliest sealed date is not on the record, and the live record began is not on the record.\n\n## Sources\n\n12 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (identity.exchange)\n- https://api.gleif.org/api/v1/lei-records/529900W697S31A26WT02 (identity.jurisdiction)\n- https://mapping.gleif.org/api/v2/isin-lei/latest/download (identity.lei)\n- https://mcp.de-cm-kg.ai/events/XETRA/M12 (the disclosure lines)\n- https://www.cashmarket.deutsche-boerse.com/cash-en/Stay-Informed/current-regulatory-topics/mifid-ii-releases/4086638!suspension-list (the halt flag)\n- https://mcp.de-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://www.m1-kliniken.de/en/investor-relations/research.html (coverage)\n- https://www.m1-kliniken.de/files/uploads/ratings/First_Berlin_Juni_25.pdf (open research)\n- https://www.m1-kliniken.de/files/uploads/ratings/Warburg_%20Sep_24.pdf (open research)\n- https://www.m1-kliniken.de/files/uploads/ratings/First_Berlin_mai_23.pdf (open research)\n- https://www.m1-kliniken.de/files/uploads/ratings/20211001_M1%20Kliniken_Full%20Note_en.pdf (open research)\n- https://mcp.de-cm-kg.ai/record/XETRA/M12 (the record)\n",
 "market": "DE",
 "node": "de-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [],
   "live_record_began": null,
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "the DE vintage is not sealed; the record is the live record as of 2026-11-06",
   "record_version": 1,
   "sealed": false
  },
  "auditor": {
   "auditor": {
    "market": "DE",
    "reason": "Width 0 records the annual report link only (ORDER-015: source link, not a read)",
    "state": "not_on_record"
   },
   "auditor_firm_id": {
    "market": "DE",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "DE",
    "state": "not_on_record"
   },
   "changes": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "cmr": "de-cm-kg/XETRA/M12",
  "coverage": {
   "count": 6,
   "houses": [
    {
     "analyst": "A. Neuberger",
     "house": "Bankhaus Metzler",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.m1-kliniken.de/en/investor-relations/research.html",
     "state": "sourced"
    },
    {
     "analyst": "E. Acklin",
     "house": "First Berlin",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.m1-kliniken.de/en/investor-relations/research.html",
     "state": "sourced"
    },
    {
     "analyst": "Dr. C. Ehmann",
     "house": "Warburg Bank",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.m1-kliniken.de/en/investor-relations/research.html",
     "state": "sourced"
    },
    {
     "analyst": "A. Galitsa",
     "house": "Hauck Aufhäuser",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.m1-kliniken.de/en/investor-relations/research.html",
     "state": "sourced"
    },
    {
     "analyst": "Dr. C. Ehmann",
     "house": "Warburg Research",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.m1-kliniken.de/en/investor-relations/research.html",
     "state": "sourced"
    },
    {
     "analyst": "A. Galitsa",
     "house": "Hauck & Aufhäuser",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.m1-kliniken.de/en/investor-relations/research.html",
     "state": "sourced"
    }
   ],
   "pages_checked": [
    {
     "page": "https://www.m1-kliniken.de/en/investor-relations/research.html",
     "result": "read: 6 of 8 named houses found on the page"
    }
   ],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-12",
   "since": "not stated on the page read",
   "state": "found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 419,
     "median_cadence_gap_days": 22.8,
     "median_filings": 6,
     "median_latency_days": 5.5,
     "name": "Xetra"
    },
    "sector": {
     "market": "DE",
     "state": "not_on_record"
    }
   },
   "by_type": {
    "corporate_news": 3,
    "newswire_release": 1,
    "results": 1
   },
   "cadence_median_gap_days": 272,
   "filing_days": 2,
   "filings": 5,
   "latency_days": 58,
   "latest": [
    {
     "category": null,
     "date": "2026-09-09",
     "source": "https://www.eqs-news.com/news/corporate/m1-kliniken-ag-publishes-half-year-report-2026-beauty-ebit-up-23-8-to-eur-18-6-million/456621dc-7e17-4e67-b08f-8b6bff04bbc9_en",
     "title": "M1 Kliniken AG publishes Half-Year Report 2026: Beauty EBIT up 23.8% to EUR 18.6 million | Corporate - EQS News",
     "type": "results"
    },
    {
     "category": "corporate",
     "date": "2026-09-09",
     "source": "https://www.eqs-news.com/news/corporate/m1-kliniken-ag-publishes-half-year-report-2026-beauty-ebit-up-23-8-to-eur-18-6-million/456621dc-7e17-4e67-b08f-8b6bff04bbc9_en",
     "title": "M1 Kliniken AG publishes Half-Year Report 2026: Beauty EBIT up ...",
     "type": "corporate_news"
    },
    {
     "category": "corporate-news",
     "date": "2026-09-09",
     "source": "https://www.eqs-news.com/news/corporate-news/m1-kliniken-ag-veroeffentlicht-halbjahresbericht-2026-beauty-ebit-steigt-um-23-8-auf-18-6-mio-eur/456621dc-7e17-4e67-b08f-8b6bff04bbc9_de",
     "title": "M1 Kliniken AG veröffentlicht Halbjahresbericht 2026: Beauty-EBIT ...",
     "type": "corporate_news"
    },
    {
     "category": "corporate",
     "date": "2025-12-11",
     "source": "https://www.eqs-news.com/news/corporate/expansion-of-the-management-board-of-m1-kliniken-ag/8aa29f20-9d58-4b90-a3f6-41571464ccd5_en",
     "title": "Expansion of the Management Board of M1 Kliniken AG | Corporate - EQS News",
     "type": "corporate_news"
    },
    {
     "category": null,
     "date": "2025-12-11",
     "source": "https://www.eqs-news.com/news/corporate/expansion-of-the-management-board-of-m1-kliniken-ag/8aa29f20-9d58-4b90-a3f6-41571464ccd5_en",
     "title": "Expansion of the Management Board of M1 Kliniken AG | Corporate - EQS News",
     "type": "newswire_release"
    }
   ],
   "latest_filing_date": "2026-09-09",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.de-cm-kg.ai/events/XETRA/M12",
   "window": {
    "from": "2025-11-06",
    "to": "2026-11-06"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "Xetra"
   },
   "isin": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "confirmed",
    "value": "DE000A0STSQ8"
   },
   "jurisdiction": {
    "read_by": "GLEIF LEI record (LEI per the LEI column) (registeredAs)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://api.gleif.org/api/v1/lei-records/529900W697S31A26WT02",
    "state": "sourced",
    "value": "Germany (Handelsregister HRB)"
   },
   "lei": {
    "read_by": "GLEIF ISIN-to-LEI mapping file (daily), LEI by exact ISIN",
    "read_date": "2026-11-09",
    "read_date_basis": "the field",
    "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download (ISIN DE000A0STSQ8)",
    "state": "sourced",
    "value": "529900W697S31A26WT02"
   },
   "name": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "M1 KLINIKEN AG  O.N."
   },
   "sector": {
    "market": "DE",
    "reason": "the Xetra instruments file carries index membership, not a sector classification",
    "state": "not_on_record"
   },
   "security_type": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "Corporate"
   },
   "segment": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "DEUTSCHLAND"
   },
   "ticker": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "M12"
   },
   "website": {
    "market": "DE",
    "state": "not_on_record"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "domicile_change": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "listing": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "name_change": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "segment_move": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "market": "DE",
  "node": "de-cm-kg",
  "numbers_hash": "sha256:536f6986c1b0d503e0fa9d9e70b52d56122023497d6f5b13f3ca03e6f43cdb43",
  "open_research": {
   "read_date": "2026-11-12",
   "rows": [
    {
     "date": "2025-06-19",
     "kind": "issuer-sponsored",
     "publisher": "First Berlin",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.m1-kliniken.de/files/uploads/ratings/First_Berlin_Juni_25.pdf",
     "state": "sourced",
     "title": "M1 Kliniken AG"
    },
    {
     "date": "2024-09-04",
     "kind": "issuer-sponsored",
     "publisher": "Warburg Research",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.m1-kliniken.de/files/uploads/ratings/Warburg_%20Sep_24.pdf",
     "state": "sourced",
     "title": "M1 Kliniken"
    },
    {
     "date": "2023-05-02",
     "kind": "issuer-sponsored",
     "publisher": "First Berlin",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.m1-kliniken.de/files/uploads/ratings/First_Berlin_mai_23.pdf",
     "state": "sourced",
     "title": "M1 Kliniken AG"
    },
    {
     "date": "2021-10-01",
     "kind": "issuer-sponsored",
     "publisher": "Warburg Research",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.m1-kliniken.de/files/uploads/ratings/20211001_M1%20Kliniken_Full%20Note_en.pdf",
     "state": "sourced",
     "title": "M1 Kliniken Buy EUR 14.00"
    }
   ],
   "state": "found"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [
    "Professionelle Kunden",
    "Privatkunden",
    "Geeignete Gegenparteien"
   ],
   "outcomes": {
    "Geeignete Gegenparteien": {
     "determinable": true,
     "signal": "ACM-200"
    },
    "Privatkunden": {
     "determinable": true,
     "signal": "ACM-200"
    },
    "Professionelle Kunden": {
     "determinable": true,
     "signal": "ACM-200"
    }
   },
   "read": {
    "basis": "one live read per instrument class, halt state and client category on this market; this issuer's group",
    "chapter": "https://mcp.de-cm-kg.ai/book/aio.json",
    "door": "https://mcp.de-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "rule_version": "acm-68000/de/mifid-ii-product-governance-produkt-berwachung/r1",
   "section": "de.aio.v13"
  },
  "record": {
   "as_of": "2026-11-06",
   "url": "https://mcp.de-cm-kg.ai/record/XETRA/M12",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-09",
   "source": "https://www.cashmarket.deutsche-boerse.com/cash-en/Stay-Informed/current-regulatory-topics/mifid-ii-releases/4086638!suspension-list",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:536f6986c1b0d503e0fa9d9e70b52d56122023497d6f5b13f3ca03e6f43cdb43",
 "path": "/de/XETRA/M12",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is M1 KLINIKEN AG O.N., listed on Xetra under ticker M12, ISIN DE000A0STSQ8, LEI 529900W697S31A26WT02. Its security type is Corporate, its segment is DEUTSCHLAND, and its jurisdiction is Germany (Handelsregister HRB). Its sector is not on the record. Its listing status is listed, not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 5 filings in the twelve months to 2026-11-06, on 2 filing days, by type: 3 corporate news, 1 newswire release and 1 results. The median gap between filing days is 272 days. The latest filing is dated 2026-09-09 and is of type results, 58 days before the record date. Exchange peers on Xetra (419 issuers) have a median cadence gap of 22.8 days, a median of 6 filings, and a median latency of 5.5 days. Sector peers on this market are not on the record.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor of record is not on the record. The record carries the annual report link only, which is a source link and not a read. Auditor location and auditor changes are not on the record.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "Listing, delisting, name change, domicile change and segment move are not on the record, as the market's lifecycle type map is not yet available for this register. The halt flag is not set: the issuer is listed, not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "The outcome is ACM-200 and determinable for Professionelle Kunden, Privatkunden and Geeignete Gegenparteien. The rule version is acm-68000/de/mifid-ii-product-governance-produkt-berwachung/r1, with chapter as of 2026-11-04.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "The issuer's own investor-relations page names 6 research houses: Bankhaus Metzler, First Berlin, Warburg Bank, Hauck Aufhäuser, Warburg Research and Hauck & Aufhäuser.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "The record holds 4 openly published research notes: First Berlin dated 2025-06-19, Warburg Research dated 2024-09-04, First Berlin dated 2023-05-02, and Warburg Research dated 2021-10-01.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The market's vintage is not sealed. No issuer years are sealed, the market's earliest sealed date is not on the record, and the live record began is not on the record.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "12 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares"
  },
  {
   "for": "identity.jurisdiction",
   "source": "https://api.gleif.org/api/v1/lei-records/529900W697S31A26WT02"
  },
  {
   "for": "identity.lei",
   "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.de-cm-kg.ai/events/XETRA/M12"
  },
  {
   "for": "the halt flag",
   "source": "https://www.cashmarket.deutsche-boerse.com/cash-en/Stay-Informed/current-regulatory-topics/mifid-ii-releases/4086638!suspension-list"
  },
  {
   "for": "the orderability chapter",
   "source": "https://mcp.de-cm-kg.ai/book/aio.json"
  },
  {
   "for": "coverage",
   "source": "https://www.m1-kliniken.de/en/investor-relations/research.html"
  },
  {
   "for": "open research",
   "source": "https://www.m1-kliniken.de/files/uploads/ratings/First_Berlin_Juni_25.pdf"
  },
  {
   "for": "open research",
   "source": "https://www.m1-kliniken.de/files/uploads/ratings/Warburg_%20Sep_24.pdf"
  },
  {
   "for": "open research",
   "source": "https://www.m1-kliniken.de/files/uploads/ratings/First_Berlin_mai_23.pdf"
  },
  {
   "for": "open research",
   "source": "https://www.m1-kliniken.de/files/uploads/ratings/20211001_M1%20Kliniken_Full%20Note_en.pdf"
  },
  {
   "for": "the record",
   "source": "https://mcp.de-cm-kg.ai/record/XETRA/M12"
  }
 ],
 "title": "M1 KLINIKEN AG  O.N. (M12) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}