Pan-European Small & Mid-Cap "Feedback from the UBS SMID Pan-European ..."

研报英文原文证据摘录

Pan-European Small & Mid-Cap "Feedback from the UBS SMID Pan-European ..."

Global Research

18 May 2026ab

Pan-European Small & Mid-Cap Equities

Europe including UKFeedback from the UBS SMID Pan-European

Conference 2026 Industrial

Natasha Brilliant

Analyst

natasha.brilliant@ubs.com

Flagship UBS Pan-European SMID Conference +44-20-7567 0645

Last week, from 12-14 May, UBS hosted its annual Pan-European SMID Conference in Olivier Calvet, CFA

London. The conference featured around 60 top-level management teams and IR Analyst

executives across our EMEA Equity Research SMID coverage. The full roster of the olivier.calvet@ubs.com

companies which attended can be accessed here. In total, we hosted ~300 meetings +41-44-239 2051

with >150 investors. We saw the most investor engagement with Andritz, Basic Fit, Hai Huynh, CFA

Bilfinger, De' Longhi, GTT and Jenoptik. Feedback from investors was particularly Analyst

positive on stocks including Befesa, De' Longhi, Rational and Trustpilot. hai.huynh@ubs.com

+44-20-7567 7051

Feedback from the SMID Conference Chiara Tomesani

Meetings at the conference highlighted a consistently uncertain near-term backdrop, Analyst

with management teams keen to focus the conversations with investors around areas of chiara.tomesani@ubs.com

the business they can control (namely costs, or at least counter-measures to inflation) +44-20-7567 3438

rather than top-line growth and demand. While companies have made progress in Cora Neumann, PhD

recent years on cost agility and supply chain diversification, the current macro backdrop Product Manager

means once again, visibility remains limited and planning horizons are short. As a result, cora.neumann@ubs.com

many of the companies that have issued or updated guidance at the 1Q stage have set +44-20-7567 0848