Montega reiterates buy on Koenig & Bauer, sets price target at EUR 15

PUBT · 2d ago
Montega reiterates buy on Koenig & Bauer, sets price target at EUR 15
  • Montega reiterated its Buy rating on Koenig & Bauer on Aug. 6, 2026, keeping a 12-month price target of EUR 15.
  • Q2 order intake rose 13.8% to EUR 411.7 million, lifting the order backlog above EUR 1.12 billion; revenue was flat at EUR 298 million.
  • EBITDA swung to EUR 16.9 million from EUR 10.9 million a year earlier; free cash flow turned positive at EUR 16.8 million.
  • Guidance stayed unchanged for about EUR 1.3 billion revenue, about EUR 80 million operating EBITDA; Montega sees scope for upgrades if Q3 holds.


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