Martin Comtesse, an analyst from Jefferies, maintained the Sell rating on Friedrich Vorwerk Group SE. The associated price target remains the same with €64.00.
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Martin Comtesse has given his Sell rating due to a combination of factors, primarily focusing on the company’s recent financial performance and future outlook. Despite the Friedrich Vorwerk Group SE showing strong growth in revenue and EBITDA, with a significant increase in EBITDA margin, there are underlying concerns that may not support sustained growth in the long term.
One of the key issues highlighted is the decline in order intake, which has dropped significantly compared to the previous period. This decline could indicate potential challenges in maintaining the current growth trajectory. Additionally, while the company has raised its guidance for FY25, the new projections are only marginally above consensus forecasts, suggesting limited upside potential. These factors, combined with the overall market conditions, have led Martin Comtesse to recommend a Sell rating on the stock.