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Report published August 13, 2026

Deutsche Bank Research Update: Q2 Earnings, European Electrification, and Sector Analysis - August 2026

Source and citation context

Report date
August 13, 2026
Analysis as of
Not stated in source

Authors / editors: Jonathan Coubrough (Analyst)

Finvaulta summarizes Deutsche Bank's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.

EquitiesEnergyFinancials

This report provides comprehensive updates on stock price targets, Q2/H1 earnings reviews, and thematic market insights covering industrials, energy, and automotive sectors in Europe and the US.

Key Takeaways

  • 1.Q2 earnings season shows accelerated growth for DAX companies at 11% YoY, despite bifurcated sector performance.
  • 2.Electrification in the European automotive sector (EU5) continues to outperform the broader market with a 41% YoY growth in BEV+PHEV volumes in July.

Table of Contents

  • Target Price Changes
  • Balfour Beatty (BALF.L)
  • Cancom SE (COKG.DE)
  • Hensoldt (HAGG.DE)
  • Hill & Smith PLC (HILS.L)
  • Jenoptik (JENGn.DE)
  • Medios (ILM1k.DE)
  • MTU Aero Engines (MTXGn.DE)
  • TKMS (TKMS.DE)
  • ABN AMRO (ABNd.AS)
  • Bilfinger (GBFG.DE)
  • E.ON (EONGn.DE)
  • Haypp (HAYPP.ST)
  • Marks & Spencer (MKS.L)
  • Schott Pharma (1SXP.DE)
  • TUI (TUI1n.DE)
  • Zegona (ZEG.L)
  • K+S (SDFGn.DE)
  • Brenntag (BNRGn.DE)
  • Douglas (DOUn.DE)
  • Grand City Properties (GYC.DE)
  • Pandora (PNDORA.CO)
  • Tecan (TECN.S)
  • ThyssenKrupp Nucera (NCH2.DE)
  • Vestas (VWS.CO)
  • DB Media & Online
  • European Automotive
  • Made in Germany - Q2 Earnings Special
  • Margin Monitor - August 2026
  • Truck'n'Roll - 5 Takeaways from the Q2 earnings season
  • Hilton Worldwide (HLT.N)
  • Qifu Technology (QFIN.OQ)
  • Neurocrine Biosciences, Inc. (NBIX.OQ)
  • Amcor PLC (AMCR.N)
  • Drug Wholesalers

Report data

Target Price Changes

MetricEstimateContext
DAX Earnings Growth11%Year over year earnings growth
Source: Deutsche Bank Research. This is a dated model snapshot, not a live forecast.

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Authors / Editors

Jonathan Coubrough · Analyst

Reported Data Context

  • DAX Earnings Growth: 11 percent (Q2 2026) · Source: Deutsche Bank Research

Securities

ABNd.ASBALF.L

Themes

European ElectrificationQ2 Earnings Season

Regions

EuropeGlobalGermanyUnited KingdomUnited States