(Finance) – EnVent Italia SIM ha coverage began on the title VNE extension, a company listed on Euronext Growth Milan and active in the automatic payment management sector. The target price was set at 5.77 euros per share (for a potential upside of approximately 28%), while the judgment on the title is “Outperform“. The company went public on August 2, 2023 with a placement price of 4.08 euros per share.
Analysts highlight that VNE is a specialized manufacturer in the sector, with aexcellent reputation for quality of service in a highly fragmented arena. “We see room for growth, as the market size and lack of coverage means endless opportunities driven by the automation trend,” the research reads. VNE’s industry focus, product portfolio, service capability and market reach will be key factors in meeting growing demand.
EnVent estimates that VNE will close 2023 with revenues equal to 18.5 million euros (compared to 15.2 million in 2022), a EBITDA of 3.2 million euros (vs 2.3 million in 2022) and a Net income of 0.8 million euros (vs 0 million in 2022). In 2024 the data should rise to 23.3 million euros, 5 million euros and 1.6 million euros respectively.