In a report released on April 2, Davide Longo from TP ICAP MIDCAP maintained a Buy rating on Societa Editoriale Il Fatto SpA (SEIF – Research Report), with a price target of €0.48.
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Davide Longo has given his Buy rating due to a combination of factors that highlight Societa Editoriale Il Fatto SpA’s strategic shift towards digital growth. The company reported a notable increase in revenues for the 2024 fiscal year, reaching €30.5 million, which marks a 4.2% year-over-year growth. This growth is largely attributed to the company’s digitalisation strategy, which has led to a significant reduction in paper and distribution costs, thereby boosting EBITDA to €3.7 million, an increase of €1.4 million from the previous year.
Furthermore, the company’s media division experienced substantial growth, with revenues increasing by 34.2% year-over-year, driven by enhanced monetisation of television content. The rise in digital subscriptions by 13.5% also contributed to the overall revenue growth. Despite a negative net result, impacted by investments in television content, the company’s strategic focus on digital expansion and content monetisation is expected to gradually improve profitability. These positive operational trends and a strengthened market position underpin Longo’s Buy recommendation, with a target price of €0.48.
According to TipRanks, Longo is a 4-star analyst with an average return of 5.8% and a 50.56% success rate.