NuWays keeps OHB at Buy, sets EUR 340 price target
Reuters2026/08/07 07:00- NuWays reiterated a BUY rating on OHB, setting a 12-month target price of EUR 340 on a DCF basis.
- The firm highlighted Q2 margin expansion, pointing to adjusted EBITDA up 27% to EUR 33 million, with the margin rising 1.4pp to 9.5%.
- It flagged EUR 22.4 million in one-off costs, mainly tied to capital increase transaction expenses, as a drag on reported EBITDA and earnings estimates.
- NuWays said order intake should trough in Q2, citing EUR 299 million of intake and an expected pickup in H2 as major awards approach.
- It identified IRIS² as the key near-term contract catalyst, with signing expected in H2, supported by a net cash balance sheet position.
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