(News Bulletin 247) – Airwell rose on the stock market on Tuesday in the wake of a note from Invest Securities, which today initiated coverage of the stock with a buy opinion and a price target of six euros.
Around 12:15 p.m., the title of the manufacturer of heating and air conditioning equipment rose 3.5% while the CAC index of small and mid-caps fell at the same time by 0.3%.
The stock is now up more than 50% since the start of the year.
‘Airwell is capitalizing on its established brand in the heat pump market to capture the strong market growth linked to the gradual ban on oil/gas boilers’, underlines Invest, which evokes a file ‘in tune with the times’ .
The design office estimates that this favorable momentum should enable it to reach a turnover of 101 million euros by 2025, in line with its objective of 100 million euros.
Invest Securities, which salutes a company that is ‘low capital intensive’ and ‘already profitable’, praises the merits of its ‘fabless’ model (without factory) which should allow it, according to him, to regain an operating margin (Ebitda) of more by 5%, after years 2022-2023 marked by a temporary acceleration of investments.
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