(Finance) – Intermonte increased the target price on Sciuker Framesa group listed on Euronext Growth Milan and active in the production of eco-sustainable windows and in the implementation of energy requalification interventions, bringing it to 15.8 euros (from 15.2 euros) and maintained the judgement on the title to “Buy”. The review of the recommendation comes after the company’s Board of Directors updated the 2021-2024 Business Plan thanks to strong 2021 results. Analysts revised their estimates to include a higher exit speed from 2021 for the Industrial Hub, confirmed the 2022/2023 forecast for the business Superbonus 110% and raised the figure to about ten million for 2024, assuming a recovery in unrealized turnover in 2021.
“We confirm the Buy on Sciuker, a company ready to benefit from the wave of opportunities deriving from the need for building renovations dictated by targets for reducing greenhouse gas emissions – underlines Intermonte – Thanks to an important investment plan and careful acquisitions completed in 2021, we believe that Sciuker is now in a prime position to deal with this wave significant FCF that will be generated in the next years will allow the company to make further acquisitionsfurther enriching its product range and expanding into other geographic markets “.
Intermonte now expects the company to close 2021 with revenues of 103 million euros, a Adjusted EBITDA of 28 million euros and a Adjusted net profit of 14 million euros. These values should rise in 2022, respectively, to 153 million euros, 37 million euros and 18 million euros. The forecasts are also for a further increase in 2023 in revenues of 200 million euros, an Adjusted EBITDA of 49 million euros and an Adjusted net profit of 25 million euros.
Intermonte’s research puts the turbo to the title Sciuker Frames, which stands at 9 euros per share, with an increase of 4.65%. Operationally, expectations are for a continuation of the day in a positive sense with resistance seen in the 9.11 area and later at 9.39. Support at 8,833.