EBRO’s H1 revenue nearly tripled to € 309.7m, with EBITDA turning positive. EU hybrid import restrictions strengthen the case for an accelerated Chery assembly ramp-up in Barcelona. We raise our Chery volume forecasts to 25k vehicles in 2027 and 50k annually from 2028, driving a PT increase to € 16.50 from € 14.50. Further production allocations offer additional upside. BUY reiterated.
LÄS MER
