The Hamburg-based communications and strategy consultancy for financial communications and ESG Kirchhoff Consult, together with the Deutsche Schutzvereinigung für Wertpapierbesitz e.V. (DSW), has once again examined the transparency of the forecast reports of DAX 40 companies. The study, which has been conducted regularly since 2005, evaluates both qualitative and quantitative statements on the future business development of companies. The current analysis is based on the forecast reports from the 2024 annual reports. There was one change in the DAX 40 compared to the previous year in terms of the companies examined: Covestro had to leave the index and was replaced by medtech company Fresenius Medical Care. In addition, Airbus and Qiagen did not submit forecast reports, which is why they were not included in the analysis.