Analysts Coverage and Consensus

Broker Analyst Target Price Recommendation Date
Goldman Sachs

Michele Della Vigna - michele.dellavigna@gs.com

€ 9.6 Buy 01/08/2025
Kepler

Matteo Bonizzoni - mbonizzoni@keplercheuvreux.com

€ 7.1 Hold 01/08/2025
Mediobanca

Isacco Brambilla - Isacco.Brambilla@mediobanca.com

Javier Suarez - Javier.Suarez@mediobanca.com

€ 8.9 Neutral 15/05/2025
Banca Akros

Andrea Belloli - andrea.belloli@bancaakros.it

€ 8.0 Neutral 20/03/2025
UBS

Christopher Leonard - chris.leonard@ubs.com

€ 11.5 Buy 29/07/2025
Jefferies

Constantin Hesse
chesse@jefferies.com

€ 6.2 Hold 23/04/2025

Updated to May 15, 2025

CONSENSUS (€ mn)  2025 2026 2027
Total Revenues 882 849 897
Ebitda ADJ 153 141 152
Ebitda Margin ADJ 17.3% 16.7% 17.0%

Updated to September 2, 2025