Nanorepro: newkee secures drugstore listing; Paedi Protect ahead of plan - NuWays AG Research
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Nanorepro: newkee secures drugstore listing; Paedi Protect ahead of plan - NuWays AG Research

On Friday, NanoRepro published its H1 26 single-entity report, provided a commercial update on newkee and set a new timeline for its outstanding consolidated reports. The key takeaways are stronger-than-expected Paedi Protect sales, continued cost savings at holding level and a first drugstore listing for newkee, which underlines the progress of the platform strategy.

Guidance confirmed, platform on track. NanoRepro reiterated its targets of c. € 18m in sales for FY26e, c. € 28m for FY28e and c. € 40m for FY30e including further acquisitions. With the platform taking shape and first distribution synergies materializing, the targets look achievable in our view.

We confirm our BUY rating with an unchanged PT of € 4.40, based on DCF.
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