Cantourage Group SE Achieves Record Sales Growth

Cantourage Group SE has shown remarkable sales growth, as reported by NuWays AG. In April, sales reached €11.1 million, marking a 250% year-over-year increase and surpassing March's previous record of €10.7 million. This growth is largely attributed to successful de-bottlenecking efforts, enhancing the company’s processing capacity in Germany and through international partnerships.

The company is on track to achieve €100 million in annual sales, with monthly sales expected to reach approximately €8 million. Despite not announcing profitability figures, Cantourage's robust sales growth is anticipated to improve the EBITDA margin beyond 10% in fiscal year 2025, despite ongoing investments.

Despite these positive developments, the share price has yet to align with the underlying fundamentals. With anticipated fiscal year 2025 sales growth of 94%, Cantourage aims for a 10% EBITDA margin, which is attractive based on an EV/EBITDA multiple of 5.8x. The current BUY rating is confirmed with a €13 target price.