(Finance) – Integrae SIM has raised to €4.50 per share (from 3.50 euros) the target price on Lindbergha group listed on Euronext Growth Milan and active in the offer of services, products and logistics solutions, confirming the judgment on the title to “BuyThe potential upside is more than 135%. The revised recommendation came after the company reported its 2022 results. Analysts say revenue and EBITDA came in above their estimates, while net income slightly below.
The broker has changed the estimates both for the current year and for the next few years. In particular, it estimates a production value 2023 equal to 25 million euros and an EBITDA equal to 3.25 million euros, corresponding to a margin of 13%.
For the following years, he expects the value of production to increase up to €33.2 million (CAGR 22-25: 13.5%) in 2025with EBITDA of 6 million euros (corresponding to a margin of 18.1%), up compared to 2.81 million euros in 2022 (corresponding to an EBITDA margin of 12.4%).