NuWays reiterates Semperit BUY, sets EUR 22 price target

PUBT · 2d ago
NuWays reiterates Semperit BUY, sets EUR 22 price target
  • NuWays reiterated a BUY rating on Semperit, keeping a 12-month target price of EUR 22.
  • Report flagged pressure on H2 operating EBITDA margin from higher material costs, with pricing talks set to drive margin defense.
  • Semperit generated EUR 69 million operating EBITDA in H1, 69% of its roughly EUR 100 million full-year guidance.
  • NuWays expects much of the remaining EUR 31 million to be delivered in Q3, with Q4 assumptions seen as conservative.
  • Research highlighted ongoing capacity expansion plans and M&A ambitions through FY27, with potential upside not in estimates.


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