Alberto Francese, an analyst from Intesa Sanpaolo, maintained the Buy rating on Elica S.p.A. (0EA2 – Research Report). The associated price target remains the same with €1.80.
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Alberto Francese’s rating is based on Elica S.p.A.’s recent return to revenue growth, particularly in the cooking and motors divisions. This growth is attributed to the company’s strategic initiatives, such as expanding its direct presence in North America and launching new OEM projects, which have helped increase market share and introduce new products.
Despite the pressure on margins due to industry challenges and investments in marketing and distribution, the company’s management has confirmed its guidance for 2025, anticipating stable revenues and margins compared to 2024. Francese sees limited downside risk to estimates and views the company’s transformation into a cooking-focused entity as a positive development, warranting a Buy rating.