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E7 Group Kept at Buy as FAB Notes Q2 Earnings
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05:50 AM EDT, 08/18/2026 (MT Newswires) -- FAB Securities maintained its buy rating on E7 Group (ADX:E7), with a price target of 1.30 Emirati dirhams, after the company released its second-quarter results. "E7 delivered 6.2% YOY revenue growth in 2Q26, supported by a 30.1% YOY increase in Identity Solutions, which more than offset softer performance across Printing and Education, Packaging and Logistics due to revenue phasing, weaker non-core demand and contract timing. Despite this, the Company has a resilient and recurring revenue base, with 70%+ of revenue recurring through long-term government contracts and 60%+ generated from high-margin Identity Solutions, providing strong revenue visibility," analysts said in a Tuesday first look note. The printing and identity management company logged a rise in attributable net profit to 33 million dirhams, which missed FAB's forecast of 39 million dirhams. Revenue rose to 189 million dirhams, against the research firm's 187 million-dirham estimate. "Considering the Group's strong growth trajectory, healthy balance sheet, expanding international footprint and attractive shareholder returns, we maintain our BUY rating on the stock," FAB said.
Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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