Aquafil SpA: Strategic Achievements and Financial Resilience Drive Buy Rating

Carlo Maritano, an analyst from Intermonte, maintained the Buy rating on Aquafil SpA (6W7 – Research Report). The associated price target remains the same with €2.10.

Carlo Maritano has given his Buy rating due to a combination of factors that highlight Aquafil SpA’s promising financial performance and strategic achievements. The company’s first-quarter results exceeded expectations, with adjusted EBITDA rising by 12.2% year-over-year despite the challenge of increased utility costs. This improvement in profitability, alongside a significant milestone where Econyl now constitutes over 60% of total fiber revenues, indicates robust operational progress.
Furthermore, Aquafil’s management has reaffirmed its ambitious targets outlined in the Industrial Plan, projecting substantial revenue and EBITDA growth by 2025. The company’s strategic focus on reducing net debt and enhancing cash generation further supports a positive outlook. Maritano’s confidence is also reflected in the maintained target price of €2.10, suggesting substantial upside potential given the current trading multiples. Overall, the combination of strategic execution, financial resilience, and future growth prospects underpins the Buy rating for Aquafil SpA.

In another report released on May 16, Kepler Capital also maintained a Buy rating on the stock with a €1.60 price target.