Montega reiterates buy on EDAG, cuts price target to EUR 5.5

• Montega reiterated a buy rating on EDAG, cutting its 12-month price target to EUR 5.5 from EUR 7.5.
• Report flagged continued weakness in automotive, citing cautious OEM investment decisions plus low utilization.
• Preview for Q2: revenue seen at EUR 163 million, down 6.4% year over year; EBIT expected at EUR -2 million.
• One-off costs tied to a Q2 capital increase expected to weigh on earnings despite restructuring-driven operational improvement.
• June equity raise plus ATON mandatory convertible loan added EUR 75 million; share count seen rising to 43,750,000.

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_26540) on August 14, 2026, and is solely responsible for the information contained therein.