NuWays keeps BUY on Rosenbauer, raises price target to EUR 71
Reuters2026/08/10 07:00- NuWays kept a BUY on Rosenbauer, raised target price to EUR 71 from EUR 68 on a lower hurdle rate tied to backlog visibility.
- Q2 order backlog hit a record EUR 2.43 billion; order intake rose 8% to EUR 374.9 million; book-to-bill was 1.16x.
- Q2 revenue fell 5.6% to EUR 322 million due to delivery delays; about EUR 55 million sales slipped, including EUR 39 million tied to Hormuz closures.
- EBITDA rose 37.8% to EUR 15.8 million; margin improved 1.5pp to 4.9%; NuWays flagged positive EBIT and EBT.
- FY26 revenue guidance trimmed to up to EUR 1.6 billion; EBIT margin outlook maintained above 6% amid higher geopolitical uncertainty.
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