NuWays Initiates CeoTronics at Buy With EUR 17 Price Target

• NuWays initiated coverage of CeoTronics at Buy on Nov. 4, 2026, with a 12-month target price of EUR 17.
• The firm expects an SmG order worth EUR 58 million–EUR 76 million within six months, exceeding last year's sales.
• Backlog totaled EUR 77.6 million, covering 1.4 times annual sales, the strongest coverage among direct peers.
• Shares trade at about seven times estimated 2027 EV/EBIT, versus 17 times for INVISIO and 12 times for Savox.
• NuWays forecasts FY 2026/27 net profit of EUR 6.8 million, about 10% above guidance of EUR 6.2 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CeoTronics Audio Video Data Communication AG published the original content used to generate this news brief via EQS News (Ref. ID: rc_27298) on November 04, 2026, and is solely responsible for the information contained therein.