Semperit AG Holding: Upgraded to 'BUY' Following Strong Q2 Performance

NuWays AG has upgraded Semperit AG Holding to a 'BUY' rating, citing a stronger-than-expected Q2 performance. The company's EBITDA for the second quarter is projected to reach €40 million, significantly surpassing the €27.3 million estimate. This performance is attributed to effective pricing strategies and procurement management, which mitigated the impact of raw material inflation.

Both SIA and SEA segments exhibited significant growth, with SIA increasing sales by 11.4% to €75.9 million and SEA by 9.5% to €110 million. Ongoing cost controls and improved capacity utilization have bolstered these results.

Despite raw material price fluctuations, Semperit's resilient strategy has led to a revised forecast of €100 million in operating EBITDA for FY26. The company maintains an attractive valuation with a Forward P/E of 13.2x, and a new target price is set at €22.