In a report released on March 13, Andrea Randone from Intermonte maintained a Buy rating on Arnoldo Mondadori Editore SPA (0KAV – Research Report), with a price target of €3.20.
Andrea Randone has given his Buy rating due to a combination of factors including the strong financial performance and strategic positioning of Arnoldo Mondadori Editore SPA. The company’s recent financial results have shown resilience, with a notable increase in adjusted EBITDA and a robust cash flow generation that exceeded expectations. This financial strength supports the company’s ability to finance potential mergers and acquisitions, as well as maintain a generous dividend policy, which is appealing to investors.
Moreover, the company’s outlook for 2025 aligns with its medium-term guidance, indicating steady revenue growth and a solid EBITDA margin. The management’s strategic initiatives, such as optimizing logistics and integrating recent acquisitions, are expected to enhance operational efficiency and drive future growth. Additionally, the stock is trading at a significant discount compared to its peers, making it an attractive investment opportunity. These factors collectively underpin the Buy rating and the target price of €3.20.
0KAV’s price has also changed moderately for the past six months – from EUR2.475 to EUR2.075, which is a -16.16% drop .