(Tiper Stock Exchange) – Intermonte he confirmed target price (8.70 euros per share) e recommendation (Outperform) on the title Aquafil, a company listed on Euronext STAR Milan and active in the production and transformation of synthetic and natural fibers. The revised judgment came after the company reported its first quarter 2023 results.
According to analysts, they were “one series of conflicting resultsas EBITDA was lower than expected, also due to some one-off items, while cash generation was better than expected in a seasonally unfavorable quarter.
THE observed trends in the first quarter they are substantially continuing into the second quarterwhich should therefore see a continuation of weakness in Europe, while North America and APAC the company should continue to perform better.
“Although I believe that the uncertain short-term prospects they can weigh on the performance of the stockwe believe that the results achieved by the company in uncertain times such as 2022 are the confirmation of the management’s ability to promptly react to sudden changes in any scenario, as well as its commitment to achieve the sustainability objectives presented to the market last year (in particular the objective for Econyl to reach 60% of the turnover of the fiber)”, reads the research.