In a report released on September 29, from TP ICAP MIDCAP reiterated a Buy rating on ILPRA SpA, with a price target of €7.50.
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TP ICAP (Europe) S.A. has given its Buy rating due to a combination of factors including ILPRA SpA’s robust revenue growth and strategic acquisitions. The company reported a significant increase in revenue, driven by international expansion and strong performance in the food and dairy sectors. This growth was further supported by the integration of new acquisitions, which have positioned ILPRA as a key supplier of complex machinery and production line segments.
Despite a temporary contraction in margins due to structuring costs and increased work-in-progress, the company is expected to recover its profitability over the year. The strategic acquisition of Gelmini S.r.l. and the establishment of new subsidiaries are expected to enhance ILPRA’s growth profile. With a historically strong second half anticipated, TP ICAP (Europe) S.A. maintains a positive outlook on ILPRA’s potential, reaffirming its Buy recommendation with a target price of €7.5.