Schloss Wachenheim AG Q1 Performance and Forecast

First Berlin Equity Research has updated its evaluation of Schloss Wachenheim AG, maintaining an "Add" recommendation with a target price of €17. In Q1 2026/27, the company's volume decreased by 4.3% year-on-year, partly due to a strong prior year where it increased by 6.7%. Sales in the same quarter declined by 3.9% to €101.9 million. However, EBIT rose slightly by 1.6% to €5.3 million, aided by a €2.3 million gain from land sales in Bucharest.

Despite a 58.2% drop in net profit to €0.9 million, following a tax rate normalization, management remains optimistic about the Christmas quarter, traditionally contributing over 75% of the annual EBIT. The company upholds its FY 26/27 guidance for slight increases in volume and sales, and an EBIT range of €28-€32 million, indicating potential growth between 1% and 16%.