(Finance) – ENVENT ITALIA SIM confirms to 2.35 euros per action the target price Of Radici Pietro Industries & Brandsa company listed on Euronext Growth Milan and activates in the high -end textile flooring sector and in textiles of textiles of high technological content, and reiterates the recommendation “Outperform“Given the potential Upside of 128% on the current price.
Analysts show that the trend of the LTM roots was in line with the trend of the FTSE Italia Growth index In the same period, respectively -3% vs -6%, oscillating between 1 and 1.10 euros, after a peak close to 1.30 euros at the end of May.
Considering the slowdown of the residential and automotive sectors in the second half of 2024 and the delays in the orders of the sports sector, the Management has revised the guidance downward For sales and profitability for 2025, respectively to 65.1 million euros of 70.6 million euros and 9.3% from 11.1%, while the previous objective of net debt (15.2 million euros) was achieved.
There diversification strategy of roots has demonstrated resilience in the long term, covering the downward market trends; The sustainability strategy is underway, with further synergies with Turfrocycler, low -term environmental impact products in the short term and investments of 4 million euros to improve the efficiency of the systems and the sales network. ENVENT’s assessments on corporate, financial risk and realization of the roots indicate an average corporate risk and low financial risk.
(Photo: Carrie Allen www.carrieallen.com on UNSPLASH)