Analyst Gianluca Mozzali of Corporate Family Office SIM maintained a Buy rating on Pattern S.P.A (PTR – Research Report), with a price target of €8.00.
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Gianluca Mozzali has given his Buy rating due to a combination of factors including Pattern S.P.A’s ability to meet market expectations with their sales figures and surpass consensus estimates in cash flow generation. The company’s industrial capability allows it to withstand current challenges in the global luxury market by offering high-value-added services to top luxury brands.
Additionally, the acquisition of Umbria Verde Mattioli (UVM) has strengthened Pattern’s leadership in the resilient knitwear segment, which is expected to evolve positively in the future. Despite a decline in turnover due to the sale of a business unit to Burberry, the integration of UVM has positively impacted the company’s performance. The company’s financial position also benefited from lower-than-expected capital expenditures, contributing to a better-than-forecast net financial position.