Montega raises Cantourage price target to EUR 10, reiterates buy rating
Reuters2026/08/13 12:44- Montega reiterated a Buy rating on Cantourage, raising its 12-month price target to EUR 10 from EUR 9.
- Q2 2026 revenue fell 21.9% year on year to EUR 21.8 million as the group cut low-margin German trading volumes.
- Gross margin rose 7.9 percentage points to 36.4%; EBITDA climbed 45% to EUR 2.9 million, lifting margin to 13.1%.
- International growth accelerated, led by UK revenue up 146% to EUR 9.6 million; overseas markets contributed more than 50% of sales.
- Balance sheet strengthened, with a 71.3% equity ratio; net cash increased to EUR 9.3 million at end-June.
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