TP ICAP MIDCAP analyst Alessio Olmi maintained a Buy rating on Italian Exhibition Group SpA on November 14 and set a price target of €11.00.
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Alessio Olmi has given his Buy rating due to a combination of factors including the Italian Exhibition Group’s strong nine-month financial performance, which exceeded expectations. The company’s revenue surpassed estimates, driven by robust growth in the congress segment and strategic acquisitions, such as Creazioni Digitali, which contributed positively to the overall results.
Additionally, the company’s EBITDA also outperformed forecasts, indicating healthy profitability despite a slight margin contraction. The strategic investments in capacity expansion, such as the new venue in Vicenza, are expected to support future growth. These factors, along with the company’s effective strategy of organic growth and event geocloning, reinforce the Buy recommendation, with a target price of €11.0.
According to TipRanks, Olmi is ranked #5262 out of 10073 analysts.