(Finance) – Intermonte lowered the target price (to 4.50 euros per share by the previous 5.40 euros) and confirmed the recommendation (Buy) on the title Misitano & Stuucuzzia company listed on Euronext Growth Milan and activates in the field of citrus essences.
Analysts write that the Top Line has exceeded the expectations in 2024. Facing strong operational challenges due to the constraints of dated structures, Misitano & Stuuuzzi has taken the opportunity to increase its portfolio share between key customers in order to position the company as an increasingly reliable supplier before the opening of new structures this year. This, combined with a Remarkable deterioration of the prices of raw materials And largely stable prices with end customers, it took place at the expense of the gross margin, although despite the dilution the company has nevertheless satisfied Ebitda’s expectations.
The strong pressure on the prices of the raw materials (in particular of the Orange Terpene, with prices increasing about 400%) should also continue in 2025, since the disease of greening worldwide is causing one of the worst citrus crops of history, combined with the impact of the introduction of new duties, which will apply to about 20/25% of sales (Intermonte hypothesizes that about 50% of 44% of the sales displayed to the Americas in 2024 comes from the United States).
(Photo: Towfiqui Barbhuiya on Usplash)