Added to YB: 2026-09-04
Pitch date: 2026-09-01
KENDR.AS [neutral]
Kendrion N.V.
+1.26%
current return
Author Info
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Company Info
Kendrion N.V. develops, manufactures, and sells actuators and control systems in the Netherlands, Germany, the rest of Europe, the Americas, Asia, and internationally.
Market Cap
EUR 294.0M
Pitch Price
EUR 19.10
Price Target
N/A
Dividend
3.57%
EV/EBITDA
8.53
P/E
18.17
EV/Sales
1.34
Sector
Automobile Components
Category
growth
Kendrion (KENDR Netherlands): Margin gains and new applications broaden the growth opportunity
KENDR.AS (earnings): Kendrion delivered a solid H1, with 5% organic growth and EBITDA margin rising from 15.4% to 17.5%; excluding a Knorr-Bremse milestone payment, margin still expanded about 110bp. New projects support further profitable H2 growth, although customer volume cuts weakened Industrial Actuators and Controls. Adjusted free cash flow was only €4m amid working-capital pressure, making the expected H2 cash recovery and September strategy update key proof points.
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