(Telestock) – Analysts are positive on REVO Insurancean insurance company listed on Euronext STAR Milan and active in the non-life sectors with particular attention to special risks and parametric risks, following the results of the first half of 2024.
Intesa San Paolowhich has a “Buy” recommendation and a target price of 11.6 euros per share, writes that the 2Q/1H results were overall in line with expectations and they have provided visibility to company guidance to get closer to the 2025 GWP target of €300 million this year (€153 million in 1H). In addition, it highlights that in 1H24 REVO has already recorded 78.9% of the FY23 adjusted operating result and 75.7% of the 2023 adjusted net profit. In terms of strategy, the focus is on investments in technology, with the release of new OverX modules, the launch of projects in the field of artificial intelligence and the setup of REVO Iberia, which is positive in terms of geographical diversification.
Intermontewhich has a “Buy” recommendation and a target price of 12 euros per share, says that REVO must continue to carefully balance strong growth with capital management and risk. The company has significant opportunities related to its technological excellence that will be further accelerated by pervasive innovations in artificial intelligence and a presence in new markets. The broker predicts that Expansion in Spain to gain momentum in 2025demonstrating that the company’s platform is replicable in other markets with limited additional costs. The focus on SMEs remains a key part of the company’s DNA, with options on other innovative segments such as parametric insurance. Intermonte expects the company update goals in 2025given the strong growth expected.
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