Avio, IT0005119810

Equita upgrades Avio stock to Buy as target drops to EUR 40.00

Published on 10/13/2026 at 09:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Avio's first-half revenue rose 17.50 percent to EUR 276.00 million. Avio stock costs EUR 28.93 on October 13, 2026 versus the Xetra close of EUR 29.17.

Key points in brief

Equita upgraded Avio to Buy on September 29, 2026, while cutting its target from EUR 45.00 to EUR 40.00.
First-half 2026 revenue reached EUR 276.00 million, up 17.50 percent year over year.
Avio stock was EUR 28.93 at Lang & Schwarz on October 13, 2026, down 0.82 percent versus the October 12 Xetra close of EUR 29.17.
The company launched a buyback for up to 500,648 shares on October 5, 2026.

Avio, IT0005119810, Illustration mit AI erstellt.

Equita upgraded Avio stock to Buy on September 29, 2026, while cutting its target from EUR 45.00 to EUR 40.00, according to Repubblica. At Lang & Schwarz, Avio was trading at EUR 28.93 on October 13, 2026 at 9:19 a.m. CEST, down 0.82 percent versus the Xetra close of October 12, 2026 at EUR 29.17.

Three recent corporate milestones

On September 24, 2026, Advent completed a EUR 109.40 million equity investment in Avio, according to Space Insight. The transaction funded expansion in Italy and the United States and gave Advent 6.54 percent of post-money capital.

On September 29, Equita raised its rating from Hold to Buy but reduced the target from EUR 45.00 to EUR 40.00, citing sector valuation changes, Repubblica reported.

On October 5, 2026, Avio started a buyback for up to 500,648 shares, equal to 1.00 percent of the enlarged share capital, according to the company's official release. The authorization runs through March 8, 2028, unless revoked.

Revenue growth meets thin margins

Avio's first-half 2026 revenue reached EUR 276.00 million, up 17.50 percent from the first half of 2025, while net income returned to EUR 9.20 million from a EUR 0.19 million loss, Bellwether reported. Reported EBITDA rose 19.10 percent to EUR 11.90 million, but operating profit was EUR 1.20 million.

Management confirmed 2026 revenue guidance of EUR 560.00 million to EUR 590.00 million and reported EBITDA guidance of EUR 27.00 million to EUR 35.00 million. The midpoint revenue target of EUR 575.00 million would be 6.15 percent above fiscal 2025 revenue of EUR 541.70 million, while the midpoint EBITDA target of EUR 31.00 million would be below fiscal 2025 reported EBITDA of EUR 32.30 million, according to Space Insight.

What comes next for Avio?

The next reporting date is November 11, 2026, according to Simply Wall St. The buyback authorization extends to March 8, 2028, giving the program a longer operating window than the next results cycle.

The investor debate is therefore numerical: revenue is expanding at a double-digit rate, yet the first-half operating profit of EUR 1.20 million shows that capacity expansion and production costs still constrain profitability. The EUR 2.00 billion-plus backlog cited by Bellwether provides visibility, but execution must convert that backlog into higher margins.

Stock trades below the Xetra close

Avio stock was trading at EUR 28.93 at Lang & Schwarz on October 13, 2026 at 9:19 a.m. CEST, EUR 0.24 below the Xetra close of October 12, 2026 at EUR 29.17, a decline of 0.82 percent. The market capitalization was EUR 1.3 billion as of October 13, 2026, while the 52-week range was EUR 23.30 to EUR 54.10.

The further course of trading is shown by the continuously updated real-time quote of Avio stock.