Atoss Software: Strong start into FY26; Guidance already upgraded - NuWays AG Research
On Friday, ATOSS released strong Q1 results that confirmed the company's ability to compound top-line growth and profitability in parallel, prompting management to lift its full-year margin guidance already.
ANNONS
Management confirmed FY26 sales guidance of ~€ 215m and lifted the EBIT margin target to ≥34% (previously ≥32%), which we already flagged in previous notes and hence regard as reasonable given the strong start into the year.
Reiterate BUY with a new € 134 PT (old: € 148) based on DCF.