NuWays keeps Buy on Indus, raises price target to EUR 41

Reuters2026/07/30 07:01

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NuWays reiterated a BUY on Indus Holding, raising its 12-month target price to EUR 41 from EUR 37.
Call followed a sharp FY26 outlook upgrade tied to a tungsten-driven surge at portfolio company BETEK in the Material Solutions segment.
Preliminary Q2 revenue rose 20.6% to EUR 523.7 million; adjusted EBITA jumped 160.5% to EUR 81 million; margin reached 15.3%.
New FY26 guidance: revenue EUR 1.9-2.1 billion; adjusted EBITA EUR 220-260 million; margin 11-13%.
NuWays projected EPS of EUR 5.5, flagging the tungsten boost as largely one-off rather than a sustainable margin reset.

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. Indus Holding AG published the original content used to generate this news brief via EQS News (Ref. ID: rc_26326) on July 30, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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NuWays keeps Buy on Indus, raises price target to EUR 41

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