-+ 0.00%
-+ 0.00%
-+ 0.00%

Montega reiterates buy on EDAG, sets EUR 5.5 price target

PUBT·09/01/2026 12:15:39
Listen to the news
Montega reiterates buy on EDAG, sets EUR 5.5 price target
  • Montega reiterated a Buy rating on EDAG, keeping its 12-month price target at EUR 5.5.
  • H1 2026 revenue fell 8.8% year on year to EUR 334.4 million; Q2 revenue declined 6.7% to EUR 162.6 million.
  • Adjusted EBIT improved to EUR 0.3 million from a EUR 7.6 million loss, driven by efficiency measures and expanded offshore delivery.
  • Automotive demand remained weak, offset by continued strength in the defense business.
  • Revenue guidance was cut to -5% to 0% year on year; adjusted EBIT margin guidance held at 0%-3%.


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. EDAG Engineering Group AG published the original content used to generate this news brief via EQS News (Ref. ID: rc_26696) on September 01, 2026, and is solely responsible for the information contained therein.