pminews.it

Agatos, Ubi Banca initiates coverage with Buy's judgment: target at 0.41 euros

MILAN (AIMnews.it) - Ubi Banca launched the coverage on Agatos with a Buying recommendation and a target price of 0.41 euros per share. The headline this morning at AIM marks a jump of more than 8 percent. After the merger with Te Wind, the company is disinvesting from the sector (50% of the capacity already sold), focusing on the Epc business (innovative bio-methane plant), energy efficiency and O & M. After a transitional 2017, Ubi expects an average annual revenue growth of 50% over the next three years, mainly thanks to the "waste to gas" plants. Expectations for 2018 are thus 16.7 million of turnover (5.5 expected in 2017) about 2 of ebitda (0.5 in 2017) and a loss reduced from 2.2 million expected for 2017 to 0.4 millions. In 2019, revenues should rise to 25.3 million, ebitda to 3.8 million and net profit to 1.2 million.

22/01/2018