DO & Co: Q2 preview: Momentum on the menu - NuWays AG Research
Bildkälla: Stockfoto

DO & Co: Q2 preview: Momentum on the menu - NuWays AG Research

Growth is set to accelerate in Q2, with results due on 12 November. We expect Q2 sales of € 676m (+8% yoy), accelerating from c. 5% yoy in Q1 as Middle East disruptions recede. EBIT is seen at € 61m (+12% yoy), implying a 9.0% margin (+0.3pp; eNuW).

DOC combines structural growth with earnings resilience. Premium travel and global sports hospitality support growth, while c. 70% of sales under multi-year contracts and a c. 80% variable cost base provide visibility and flexibility. We conservatively retain our FY26/27 EBIT margin estimate at 8.8%, the guidance midpoint, with further contract ramp-ups leaving scope for H2 margins to match the 8.9% expected for H1 (eNuW).

Reiterate BUY with an unchanged PT of € 255, on DCF.
Börsvärldens nyhetsbrev