• Montega kept its rating on pferdewetten.de at Hold, setting a 12-month target price of EUR 3.
• The firm said FY 2025 EBITDA is now seen at EUR -3.5 million to EUR -3.8 million, versus a prior expectation of about EUR 0.7 million.
• It attributed the downgrade mainly to EUR 4.3 million in one-off charges, partly offset by a EUR 3.4 million gain from lowering two convertible bond coupons.
• Montega highlighted stronger trading in H1 2026, citing preliminary EBITDA of about EUR 3 million, implying roughly EUR 2 million in Q2.
• It flagged refinancing, a BaFin review, and the CFO appointment as key outstanding issues despite what it called improving operations.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. pferdewetten.de AG published the original content used to generate this news brief via EQS News (Ref. ID: rc_26474) on August 11, 2026, and is solely responsible for the information contained therein.