(Finance) – Banca Finnat has increased to 1.90 euros per share (from the previous 1.50 euros) the target price on Execusa company listed on Euronext Growth Milan and operating in the social selling sector, confirming the recommendation “Buy“On the title.
Analysts remember that on January 31, 2025 Execus communicated the closing of the operation of Acquisition of 51% of the capital of the ZCA Digital companyan innovative SME that designs, manages and develops technological solutions for companies in the customer care areas, cyber security and cloud. The synergies expected from the operation concern: the increase in expected revenues through the distribution of ZCA products; sharing technical and digital skills; The possibility of offering new products consistent with the group positioning of the group.
In light of the acquisition of ZCA, which Banca Finnat believes can contribute positively, starting from the 2025 year, to the revenues of the group, has Relive the estimates for the period 2024-28. Estimates now that i revenues of sale can be at 4.5 million euros per final final number, from the previous 4.2 million euros previously estimated, to reach 8.3 million euros at the end of 2025 (from the previous 5.4 million euros estimated) and 13 , 6 million euros per final balance 2028. The gross operating margin (Ebitda) should stand at 262 thousand for € 2024 (from an Ebitda estimated previously negative for 192 thousand euros), to reach a value of 786 thousand euros at the end of 2025 (higher than our previous predictions of 244 thousand of euro) and certify at 2.3 million euros at the end of 2028.
The group should thus close the 2024 exercise with a loss of 299 thousand euros (from a previously expected loss of 463 thousand euros), the final 2025 with a perspective profit of 83 thousand euros (from a loss in estimated precedence of 191 thousand of euros) while providing for a useful of 1.1 million euros at the end of the plan.