(Tiper Stock Exchange) – Positive session in Piazza Affari For Antares Visiona company listed on Euronext STAR Milan and active in the product quality control and traceability sector, after the BoD approved the strategic guidelines and objectives of the 2022-2025 Business Plan.
Over the period, it expects that i revenues consolidated on a like-for-like basis, i.e. including the acquisitions completed up to 2022 in the scope and comparative data, grow at an average rate (CAGR) of +12 – 14%. Specifically, for 2023 an expected growth in turnover of between 250-260 million euros is expected (+12-16%). As far as margins are concerned, at the end of the plan, management expects a Adjusted EBITDA Margin between 25 – 27%, compared to around 18% recorded in 2022. In the period 2023-2025, a Capex total of approximately 60 million euros.
“We remain convinced of thegreat placement of the Group (confirmed by the abundant Backlog) and we think that the company needs a few quarters of execution before a re-rating”, write the analysts of Equitywhich confirm the Buy on the stock and reduce the target price to 8.14 euros per share.
Good performance by Antares Visionwhich stands at 7.88 euros per share with a 2.60% increase, resulting in the best stock in the FTSE Italia STAR index. At an operational level, the session is expected to continue under the banner of bull with resistance seen at 8.09 and above at 8.5. Support at 7.68.