NuWays keeps Buy on Readcrest Capital, sets price target at EUR 2.80

PUBT · 3d ago
NuWays keeps Buy on Readcrest Capital, sets price target at EUR 2.80
  • NuWays reiterated a BUY rating on Readcrest Capital, keeping its 12-month target price at EUR 2.80.
  • H1 sales were EUR 65.3 million, up 1.6% year over year, driven by UK home care pricing gains and bolt-on acquisitions.
  • Group EBITDA fell to EUR 3.4 million from EUR 5.5 million, pressured by holding costs and consolidation expenses.
  • Net debt dropped to EUR 123.5 million from EUR 180.1 million following a care home portfolio disposal and debt repayment.
  • Guidance stayed unchanged, with management targeting EBITDA of at least EUR 22 million, including at least EUR 14 million from creditor waivers.


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