First Berlin Equity Research Maintains Buy Rating for LAIQON AG

First Berlin Equity Research has released an update on LAIQON AG, maintaining a "BUY" recommendation with a target price of €8.70. The update follows the release of LAIQON's preliminary H1/2026 revenue and EBITDA figures, showing significant financial growth.

LAIQON's gross revenues increased by 63% year-over-year to €23.16 million in the first half of 2026, with a notable 23% rise in Q2 revenues compared to Q1. Crucially, Q2 EBITDA became positive at €1.08 million, marking the first profitable quarter under the GROWTH 28 strategy. The company anticipates further revenue acceleration in the second half of the year, driven by strong performance in Asset Management and Digital Wealth sectors.

Restructuring costs of €1.02 million were reported, and excluding these, the adjusted quarterly EBITDA was about €2.1 million. The AGM and the full H1 report are scheduled for late August, expected to provide further insights.