Analyst Martin Comtesse of Jefferies maintained a Hold rating on Friedrich Vorwerk Group SE, retaining the price target of €60.00.
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Martin Comtesse’s rating is based on a combination of factors that highlight both the strengths and challenges faced by Friedrich Vorwerk Group SE. The company has shown impressive growth, with revenue increasing by 56% year-over-year and EBITDA more than doubling, resulting in an improved EBITDA margin of 18%. This strong performance is supported by continued hiring and a substantial order backlog, indicating a robust operational foundation.
However, despite these positive indicators, there are areas of concern that justify a Hold rating. The decline in order intake to €220 million from €408 million in the previous period suggests potential volatility in future revenue streams. Additionally, while the management has raised its guidance for FY25, the new targets, although above consensus forecasts, may already be priced into the stock. This balance of strong current performance against potential future uncertainties leads to a cautious outlook, warranting a Hold recommendation.
Based on the recent corporate insider activity of 7 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FDVWF in relation to earlier this year.