Montega sets SBF price target at EUR 6.50, keeps Buy rating

PUBT · 2d ago
Montega sets SBF price target at EUR 6.50, keeps Buy rating
  • Montega reiterated a Buy rating on SBF, setting a 12-month price target of EUR 6.50.
  • H1 2026 revenue fell 9.6% to EUR 19.8 million on delayed project call-offs; order backlog stood at EUR 98.5 million as of July 31.
  • EBITDA rose to EUR 1.6 million, lifting the margin to 8.1% from 2% a year earlier on efficiency gains.
  • Management cut 2026 revenue guidance to EUR 38 million-EUR 41 million, citing ongoing delays.
  • Montega cut its 2026 EBITDA forecast to EUR 1.2 million, factoring a roughly EUR 1.5 million hit from a receivables loss.


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