(Finance) – Alantra he lowered to 6.5 euros per share (from the previous 7.2 euros) the target price on Solid World Groupa company listed on Euronext Growth Milan and active in the sector of digital technologies, 3D printing and additive manufacturing, confirming the recommendation on the title to “Buy” given the potential upside of 66%.
Analysts write that the company reported growing results in both revenue and EBITDA in the first half of 2023. EBIT remained essentially unchanged. This was achieved after i recent investments in structure and development: the opening of a representative office in Dubai, two acquisitions in 3D system integration and photovoltaic solar panel manufacturing and the commercial production of “Electrospider”, a revolutionary bioprinter, which should enable the group to become an established player in the biomedical niche.
Alantra has revised the estimates to take into account the two recent ones M&A operations and of slightly more conservative organic growth assumptions. As a result, EBITDA projections remain largely unchanged, declining 2.6%, on average, in 2023-25. The drop in EPS estimates is also due to the dilution carried out resulting from the 1:10 free capital increase.