Schloss Wachenheim AG: First Berlin Reiterates Buy Rating

First Berlin Equity Research has released an update on Schloss Wachenheim AG, maintaining its Buy rating and a target price of €22. The report notes a 2.8% decline in volume for Q1 24/25, mainly due to reduced exports from France. However, sales showed resilience, decreasing only 0.3% to €102.4 million, attributed to price increases countering higher raw material costs and currency effects.

Despite declining exports, positive sales growth is anticipated in France for the rest of the financial year, ending June 30, 2025. Improved consumer confidence across Schloss Wachenheim's markets is noted as inflation eases and wage rises partially compensate for past purchasing power losses.

The management remains optimistic about the upcoming Christmas quarter and projects a 5-7% increase in sales, with EBIT expected between €31 million and €33 million.