Tekova’s Q1 results exceeded expectations, reinforcing confidence that operating profit will land in the upper half of guidance.
Tekova Q1 result was strong start to the year. Revenue, EBIT and EPS all exceeded estimates.
We expect modest revenue growth in Q1, supported by project completions, but with some near-term margin pressure from recent investments.
Tekova’s Q4 was strong but EBIT guidance for 2026 was wide.
Profitability was mainly in line with our expectations and didn’t offer surprises.
We initiate coverage of Tekova with a BUY rating and a target price (TP) of EUR 1.
