Frans has published a new company report on Witted regarding Q2 
Witted’s Q2 report fell slightly short of our expectations, but we believe our investment thesis, which relies on the company’s rising profitability and moderate organic growth, remains intact. The company’s performance in Q2 was good in the context of the sector. We slightly lowered our earnings forecasts. In our view, the earnings-based valuation remains very attractive (2026e-27e adj. EV/EBITA 9.1x-6.9x). We reiterate our Buy recommendation and our target price of 2.0 euros.
Quotes from the report:
In our opinion, the company has a clear roadmap for improving profitability to a reasonable level, for which there was first clear evidence during H1. However, there is still uncertainty regarding sustainable earnings improvement, as the evidence is still from a short timeframe. Nevertheless, if the company is able to continue organic growth as we expect, we see good signs for the continuation of the profitability improvement.