ParTec AG's 2024 Annual Report Delay Results in Rating Review

First Berlin Equity Research GmbH has issued a research update on ParTec AG, resulting in a revision of the company's rating and target share price. Analyst Simon Scholes has placed both elements under review following the firm's announcement delaying its audited 2024 annual report.

On 26 June, ParTec AG disclosed that it would not meet the 30 June deadline for publishing its 2024 annual report. The company has committed to providing a new publication date 'in due course.' In light of this, First Berlin Equity Research decided to withdraw its previous estimates and suspended the previous target price of €170.

This change marks a shift from the previous 'Buy' recommendation to an 'Under Review' status for ParTec's shares. The outcome of this development remains to be seen as stakeholders await further news.