NuWays keeps Cantourage at buy, raises price target to EUR 10.5

PUBT · 2d ago
NuWays keeps Cantourage at buy, raises price target to EUR 10.5
  • NuWays reiterated a BUY on Cantourage, raised its 12-month target price to EUR 10.5 from EUR 10.
  • Q2 2026 sales fell 21.9% year-on-year to EUR 21.8 million, reflecting an exit from low-margin German volumes.
  • Profitability improved as gross margin rose 7.9 percentage points to 36.4%, EBITDA increased 45% to EUR 2.9 million.
  • Germany revenue dropped 56% to EUR 10.1 million, while the UK rose 146% to EUR 9.6 million.
  • NuWays expects FY26 guidance soon, views the valuation as attractive at 6.2x FY26e EV/EBITDA.


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