Intermonte analyst Francesco Brilli maintained a Buy rating on Franchi Umberto Marmi SpA (FUM – Research Report) on March 28 and set a price target of €9.00.
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Francesco Brilli has given his Buy rating due to a combination of factors that highlight the strong performance and potential of Franchi Umberto Marmi SpA. The company reported solid FY24 results, with revenues surpassing expectations and showing a significant year-over-year increase, primarily driven by robust sales growth in North America and Australia. Despite some margin dilution from recent acquisitions, the EBITDA margin remains strong, reflecting the company’s ability to maintain profitability in a challenging environment.
Furthermore, Franchi Umberto Marmi’s strategic acquisitions and geographical expansion, particularly in high-potential markets like Australia, are expected to drive future growth. The company’s position at the high end of the marble sector, combined with its advanced technological capabilities and access to premium quality marble, provides a compelling investment case. The potential for global expansion and the rising demand for luxury natural materials support the Buy rating, with a target price of Eu9, indicating substantial upside from the current market price.