Strong exchanges on the stock exchange. According to Equita “title with attractive ratings “
Shopping on Cementir Holding after publication of the 2021 accounts. The securities of the group company Caltagirone rise by 5.48% to 8.08 euroswith a maximum reached at 8.22 euros, scoring one of the best performance of Piazza Affari. Lively exchanges: about 148 thousand pieces changed hands, compared to an average of 105 thousand for the last thirty days of the entire session. Cementir Holding yesterday evening published the consolidated preliminary results for 2021: the year ended with revenues which have reached the historical record for the company equal to 1.36 billion euros (+ 11% compared to 2020).
Furthermore, Cementir presented the new business planin which the goal was set to arrive at revenues of 1.65 billion euros in 2024. In 2021, the company recorded a gross operating margin of 311 million euros, up by 17.9% compared to 2020. Excluding non-recurring net income, the Mol is equal to 300 million, an increase of 14% on 2020. The operating result increased by 25.8% to 197.8 million euros. As for the plan, for 2024 the target is a gross operating margin of around 350 million euros and one net cash financial position of over 300 million. Finally, the plan assumes the distribution of a growing dividendcorresponding to a payout ratio between 20% and 25% of the net profit for the period.
In light of the accounts and the plan, the analysts of Equity confirmed the “buy” rating and the target price a 10.2 euros. For the experts of the Sim i “plan targets are credible” and the company has given “positive indications on the cost / price dynamics”, adding that Cementir “deals with a attractive ratings “.
More cautious Akros Bankwhich while confirming the “buy” judgment has slightly filed the target price to 10 from 11.5 euros. As for the analysts of Intesa Sanpaolothe latter have put the rating and the target price under review after the accounts and planbelieving that the profitability of the group for the plan period 2022-2024 could under the pressure of rising energy and transport costsan increase that may not be amortized over the period.
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