(Tiper Stock Exchange) – Bank Profile has lowered to 0.35 euros per share (from 0.44 euro) the target price on Beghellia company listed on Euronext Milan and active in the electronics and security sector, confirming the judgment on the title to “BuyAnalysts highlight that 2022 revenues and EBITDA came in lower than expected, while debt increased more than expected.
The broker then has reduced the revenue estimate for 2023 to €155.6 million (from the previous €163.1 million) to reach €176 million in 2025.
We expect that EBITDA and EBITDA margin will increase to €10.5 million and 6.8% in 2023 and to €15.9 million and 9.6% in 2024, to reach €18.9 million in 2025 with a margin of 10.8%
Finally, they estimate a net borrowing down by approximately 7 million euros at the end of 2023 thanks to the NOWC cash generation, to reach 43.8 million euros at the end of 2025.