AcquisitionsThe margin-accretive acquisitions of Serteco and Proyectos IFG will drive the further expansion of the EPM BU in FY-25.
Financial PerformancePositive FY-24 results set the stage for further growth in 2025.
Market ExpansionThe acquisition of Proyectos IFG allows entry into the Spanish market, providing high value-added engineering services for data centers.
ValuationThe new DCF-based price target points to a 54.9% upside, with a buy recommendation reiterated.