Analyst Enrico Coco of Intermonte maintained a Buy rating on Tesmec S.p.A., with a price target of €0.17.
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Enrico Coco has given his Buy rating due to a combination of factors that highlight the strong financial performance and strategic positioning of Tesmec S.p.A. The company’s energy sector has shown significant growth, becoming the largest contributor to its revenue, with a 35% year-over-year increase in the third quarter of 2025. This growth in the energy business, particularly in Stringing and Energy Automation, has driven an overall improvement in profitability and cash generation.
Furthermore, Tesmec’s management has confirmed expectations of rising revenues and EBITDA for the full year 2025, along with a continued reduction in net debt. The company’s strategic focus on expanding in key markets such as the US and the Middle East, as well as its efforts to enhance its diagnostic technologies in the rail sector, support a positive growth outlook. The recent debt refinancing and the deconsolidation of Marais debt further strengthen Tesmec’s financial position, justifying the raised target price and the Buy rating.