NuWays cuts Fit Group to Sell, sets price target at EUR 16

• NuWays cut Fit Group to SELL, citing a roughly 235% share-price surge since the IPO; raised target price to EUR 16.
• H1 sales rose 24% to EUR 608,000; loss widened to EUR 361,000 due to EUR 220,000 in one-off IPO costs.
• 9M sales climbed 83% to EUR 2.02 million, driven by a sharp Q3 ramp; September sales hit EUR 810,000 through the 25th.
• Management reaffirmed FY26 revenue guidance of EUR 3.6 million; implies Q4 sales of EUR 1.6 million.
• IPO proceeds left the group debt-free; legacy shareholder loans converted to equity, short-term loans repaid.

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. Fit Group AG published the original content used to generate this news brief via EQS News (Ref. ID: rc_26966) on October 05, 2026, and is solely responsible for the information contained therein.