(Telestock) – Analysts appreciate the half-year results Of Services Italya company listed on Euronext STAR Milan and leader in the sector of integrated rental, washing and sterilization services for textile materials and surgical instruments for hospital facilities, and are positive about the future of the company.
According to TP ICAP Midcap, Servizi Italia has published “good” data half-yearly, exceeding expectations and confirming the multiple trends that will drive the group’s performance in 2024. The half-yearly report “confirms the strong operating momentum enjoyed by the group in 2024 and which could lead us to increase our expectations – the research states – Given this good outlook, we believe the Group is undervalued. TP ICAP Midcap has a “Buy” recommendation and a target price of 2.10 euros per share.
Intermontewhich has an “Outperform” recommendation and a target price of 2.45 euros per share, has increased profitability forecasts in light of the 1H24 results and ongoing cost efficiencies. In detail, it increased EBIT 2024/2025 by 12.6%/4.9% respectively. However, it took into account a higher tax rate (25% as in 1H24) and slightly higher financial charges.
“The results showed an improvement in profitability, which benefits from continued efficiencies and a normalization of energy costs – the research states – These factors should continue to support the results also in the next quarters, while the news flow on new tenders should be a positive catalyst. The stock should benefit from its highly visible earnings performance and any reduction in the cost of capital.”