August 7, 2026 07:15 AM GMT CSG N.V. | Europe M Update 1H26 Results: EBIT Beat Driven By Ammo+ Margin Recovery, Backlog Stable, Guidance Confirmed AlphaSignals Earnings Reaction Strengthens our thesis Modest upside Largely unchanged Impact to our thesis Financial results versus consensus Direction of next 12-month consensus EPS Source: Company data, Morgan Stanley Research Our View: a solid, clean quarter. Headline P&L metrics are ahead, with revenues a 4% beat driven mainly by the core Defence Systems divi ...