Kepler Capital analyst Matteo Bonizzoni maintained a Hold rating on EuroGroup Laminations S.p.A today and set a price target of €3.85.
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Matteo Bonizzoni has given his Hold rating due to a combination of factors impacting EuroGroup Laminations S.p.A. The company recently adjusted its sales growth expectations for FY2025 from 10% to 5%, reflecting a more cautious outlook. Despite maintaining its EBITDA margin guidance at approximately 12%, the actual performance in H1 2025 showed weaker-than-expected results, with revenue and adjusted EBITDA both falling short of estimates.
Furthermore, the company’s Q2 performance was marked by a notable decline in revenue, particularly in its Industrial and E-Mobility segments, with the latter affected by delays in platform launches. Although there was some improvement in trade net working capital, the overall financial outlook remains challenging. The anticipated change of control and tender offer, subject to regulatory approvals, adds another layer of uncertainty. These factors collectively contribute to the Hold rating, as the company’s growth prospects and financial performance face headwinds.
Bonizzoni covers the Industrials sector, focusing on stocks such as Fincantieri S.p.A., Nexans, and Interpump Group SPA. According to TipRanks, Bonizzoni has an average return of 17.9% and a 62.86% success rate on recommended stocks.