Cabka NV Maintains Strong Sales Momentum Amid Market Challenges

First Berlin Equity Research GmbH has reaffirmed its "Buy" recommendation for Cabka N.V. The analyst, Ellis Acklin, maintains the target price at €3.40. Sales in Q1 have increased by 7% year-over-year, reaching €47 million, supporting Cabka's trajectory to reach the 2026 sales target of €188 million. This growth is attributed to strategic initiatives, an optimized product mix, better utilization, and tighter cost control.

Despite ongoing conflicts in the Middle East impacting virgin resin prices, Cabka's circular model, sourcing only 15% of its plastic from the open market, cushions it against such volatility. However, the company continues to face higher energy and logistics costs. Compared to its competitors, Cabka’s approach appears more robust in navigating market fluctuations while leveraging internal improvements.