Cantourage Group SE Maintains Strong Buy Rating

First Berlin Equity Research has released an update on Cantourage Group SE, sustaining a "BUY" recommendation with a target price of €11. Analyst Ellis Acklin highlights the company's efforts to enhance financial transparency. In its first-ever annual forecast for 2026, Cantourage expects revenue between €85 million and €95 million, and an AEBITDA ranging from €10 million to €12 million.

Recent indicators unveiled a notable shift in the revenue structure due to a strategic focus on higher-margin products, resulting in a reduction of lower-margin German offerings. These adjustments led to a slight revision in revenue assumptions, while earnings projections remain mostly stable. The valuation impact of these changes is minimal. Acklin's confidence is reflected in the unchanged target price, implying a potential upside of 88%.