Montega AG Recommends 'Buy' for FACC AG with a Price Target of EUR 12.00

Reuters07-15
Montega AG Recommends 'Buy' for FACC AG with a Price Target of EUR 12.00

Montega AG has issued an update on FACC AG, maintaining its "Buy" recommendation with a target price of 12.00 EUR over the next 12 months. The aerospace supplier reported a strong revenue growth of over 20% for the third consecutive year, closing 2024 with revenues of 884.5 million EUR, although profit margins remain a challenge. Montega noted positive signals across the industry, with key customers like Airbus and Boeing planning increased production rates, which could benefit FACC. The research firm emphasized the need for FACC to demonstrate the effectiveness of its efficiency measures in achieving its mid-term EBIT margin target of 8%. Montega is a leading independent research house focused on the German Mittelstand.

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