Analysts Coverage and Consensus

Broker Analyst Target Price Recommendation Date
Goldman Sachs

Michele Della Vigna - michele.dellavigna@gs.com

€ 11.1 Buy 19/02/2025
BofA

Alexander Virgo - alexander.virgo@bofa.com

€ 11.0 Buy 19/02/2025
Kepler

Matteo Bonizzoni - mbonizzoni@keplercheuvreux.com

€ 9.8 Buy 19/02/2025
Mediobanca

Isacco Brambilla - Isacco.Brambilla@mediobanca.com

Javier Suarez - Javier.Suarez@mediobanca.com

€ 12.4 Outperform 14/01/2025
Banca Akros

Andrea Belloli - andrea.belloli@bancaakros.it

€ 9.5 Buy 20/01/2025
UBS

Christopher Leonard - chris.leonard@ubs.com

€ 13.5 Buy 08/11/2024
Jefferies

Constantin Hesse
chesse@jefferies.com

€ 8.0 Hold 13/01/2025

Updated to January 14, 2025

CONSENSUS (€ mn)  2024 2025 2026
Total Revenues 861 903 957
Ebitda ADJ 148 162 175
Ebitda Margin ADJ 17.2% 17.9% 18.3%

Updated to January 20, 2025