PVA TePla

Jefferies has lowered the price target for PVA TePla from 48 to 47 euros; the recommendation remains "Buy." Analyst Constantin Hesse sees demand as intact but criticizes the operational execution. Order backlog and demand are rising, capacities in metrology are full, but more than 60% of 2026 operating profit still needs to be achieved in the fourth quarter. » Altro su finanzen.net

PVA TePla now expects EBITDA in the lower half of the €26–31 million range and anticipates a gradual improvement in results over the course of the year. In the first half, the company missed expectations: order intake rose 80% to around €187 million and revenue rose slightly to just under €121 million, but EBITDA collapsed by more than two thirds to €4.4 million and a loss of about €2.8 million was recorded. Investors and analysts see low capacity utilization and an unfavorable demand mix as burdens; the stock fell by up to 12%. » Altro su finanzen.net

South Korea plans a national semiconductor ecosystem totaling up to 2,000 trillion won (around $1.3 trillion), with more than 350 trillion won earmarked for AI infrastructure. Samsung Electronics and SK Hynix are each to build two new fabs, supported by a Samsung pledge of around 1,000 trillion won. As a manufacturer of chip production equipment, PVA TePla could benefit from the extensive investments in fabs and AI infrastructure. » Altro su finanzen.net