NanoRepro gains majority in Deutsche Kosmetikwerke - NuWays AG Research
On Wednesday, NanoRepro announced that it has gained the majority in Deutsche Kosmetikwerke (DKW) with its skincare brand newkee, to be consolidated from October '26 onwards.
ANNONS
Bringing active skincare brand newkee into the fold. NanoRepro's omnichannel distribution model is seen to open up revenue and cost synergy potential as well as additional market access for newkee. And newkee allows NanoRepro access to customer groups its other brands currently do not reach.
Scaling to pay off in the mid- and long-term. With the integration of distribution and market access (e. g. in brick-and-mortar retail) planned for FY27 and the heavy brand marketing behind it, EBITDA should turn clearly positive in FY28e and accelerate thereafter. Confirming BUY at a PT of € 4.4, based on DCF.
