Q2 26: Transitional quarter in the books, acceleration in H2 26e

LION's Q2 beat estimates despite NMC+ transition drag; revenue € 3.6m, EBITDA -€ 0.1m. Production ramp-up underway; FY26 guidance intact. BUY, PT cut to € 2.8 (from € 3.2) on elevated Working Capital investment expectati