Analysts Coverage and Consensus

Broker Analyst Target Price Recommendation Date
Goldman Sachs

Michele Della Vigna - michele.dellavigna@gs.com

€ 10.0 Buy 21/03/2025
BofA

Alexander Virgo - alexander.virgo@bofa.com

€ 10.0 Buy 28/03/2025
Kepler

Matteo Bonizzoni - mbonizzoni@keplercheuvreux.com

€ 8.3 Hold 21/03/2025
Mediobanca

Isacco Brambilla - Isacco.Brambilla@mediobanca.com

Javier Suarez - Javier.Suarez@mediobanca.com

€ 8.0 Neutra 21/03/2025
Banca Akros

Andrea Belloli - andrea.belloli@bancaakros.it

€ 9.5 Neutral 21/03/2025
UBS

Christopher Leonard - chris.leonard@ubs.com

€ 13.5 Buy 08/11/2024
Jefferies

Constantin Hesse
chesse@jefferies.com

€ 6.2 Hold 23/04/2025

Updated to April 23, 2025

CONSENSUS (€ mn)  2025 2026 2027
Total Revenues 891 886 915
Ebitda ADJ 155 153 156
Ebitda Margin ADJ 17.4% 17.3% 17.1%

Updated to March 28, 2025