Only day in Piazza Affari for the title of Engineering, which gains more than two percentage points at the beginning of the afternoon. The company benefits from two promotions: Intermonte raised the target price of the shares from 40 to 50 euros, while Kepler Cheuvreux re-evaluated the target price from 39 to 47 euros.
“We welcome the assessments expressed by the analysts who confirm the growth trend of the company's value – commented the managing director of Engineering, Paolo Pandozy –, recognizing the validity of the expansion strategy implemented by the management”.
In turn, the two brokers have taken into consideration the last quarterly positive published by the company. Engineering closed the third quarter with revenues up 7% and an Ebitda of 68,2 million euros (+13,5%), which brought the Ebitda Margin to 11,8%, against 11,1. 2012% in the third quarter of XNUMX.
The volume of orders reached 488,6 million euros, up by 7,2%. The net financial position as at 30 September 2013 amounted to approximately -7 million euro, from -53 million euro at the same date of the previous year.
In relation to these results, for the current year the value of production is estimated to be between 810 and 830 million euros and an EBITDA between 98 and 100 million euros (92,6 million euros achieved in 2012).
