(Finance) – CFO SIM has lowered to 23 euros per share (from the previous 24.5 euros) the target price on Orsatea company listed on Euronext Star Milan and activates in the import and distribution of fresh fruit and vegetables, confirming the recommendation “Buy“On the title given the potential upside of 86%.
Analysts write that Orsero’s forecasts for 2025 show the group’s ability to generate a good growth of revenues combined with the best profitability of the category, led by the lines of value -added products constantly developed in recent years and despite some twenty contrary expected. In addition, Orsero’s management provides to generate a discreet amount of liquidity also in 2025, further reducing the lever of the company and continuing to remunerate their shareholders.
After the publication of Orsero’s forecast for 2025, CFO SIM has Updated the model Taking into account 1) a slightly higher growth of revenues, mainly incorporating growing sales volumes relating to Bu distribution, 2) a development of profitability, 3) a lower capex to what is previously expected in 2025, due to the investment overestimation For the new warehouse in Seville and 4) a DPS of 0.50 euros per share (previous 0.60 euros) in line with the estimated amount preliminary by the company.
Also, CFO SIM has left Unchanged the estimates for 2024. The combined result is an average increase of 2.0% of revenues in 2025-26 combined with an average reduction of 4.0% and 7.0% of the rectified habitda and the rectified net profit in the same period respectively.