(Finance) – Integrae SIM raised a 7.20 euros per share (from 7.00 euros) the target price on Franchettia company listed on Euronext Growth Milan and active in the maintenance of infrastructure networks, confirming the judgment on the title to “Buy” given the potential upside of 99%. The revision of the recommendation came after the company reported its first half 2023 results.
In light of the results published in the semi-annual report for 1H23, analysts have changed the estimates both for the current year and for the next few years. In particular, they estimate a production value FY23 equal to 6.55 million euros and an EBITDA equal to 2.55 million euros, corresponding to a margin of 38.9%.
For the following yearsthey expect the value of production to increase up to 14.50 million euros (CAGR 22-25: 43.8%) in FY25, with EBITDA of 5.95 million euros (corresponding to a margin of 41% ), up compared to the 1.84 million euros of FY22 (corresponding to an EBITDA margin of 37.7%).