2025 ahead ayondo Franchise coming soon
Happy 
xMas Holidays
xMas Holidays
xMas Holidays
|
Original-Research: ad pepper media International N.V. - from First Berlin Equity Research GmbH
Classification of First Berlin Equity Research GmbH to ad pepper media International N.V.
First Berlin Equity Research hat ein Research Update zu ad pepper media International N.V. (ISIN: NL0000238145) veröffentlicht. Analyst Dr. Karsten von Blumenthal bestätigt seine BUY-Empfehlung und bestätigt sein Kursziel von EUR 2,90. Zusammenfassung: ad pepper media (APM) hat endgültige Zahlen für Q3/24 vorgelegt, die mit den vorläufigen Zahlen übereinstimmen. Der Umsatz war in etwa stabil (€5,2 Mio.), und das EBITDA verbesserte sich J/J deutlich von €101 Tsd. auf €485 Tsd. Das EBIT drehte von €-111 Tsd. auf €275 Tsd., und sogar der Nettogewinn war positiv (€178 Tsd.). Für Q4 erwartet APM einen stabilen Umsatz J/J (Q4/23: €5,9 Mio.) und ein verbessertes EBITDA. Wir rechnen mit einem Q4-Umsatz von €6,0 Mio. und einem EBITDA von €739 Tsd. gegenüber einem Q4/23-EBITDA von €369 Tsd. Vor dem Hintergrund sich verbessernder makroökonomischer Fundamentaldaten in APMs Hauptmärkten erwarten wir für 2025E ein Umsatzwachstum von 5% und einen weiteren Anstieg der EBITDA-Marge auf 9,9%. Ein aktualisiertes DCF-Modell führt zu einem unveränderten Kursziel von €2,90. Wir bestätigen unsere Kaufempfehlung. First Berlin Equity Research has published a research update on ad pepper media International N.V. (ISIN: NL0000238145). Analyst Dr. Karsten von Blumenthal reiterated his BUY rating and maintained his EUR 2.90 price target. Abstract: ad pepper media (APM) reported final Q3/24 figures which matched preliminary numbers. Revenue was roughly stable (€5.2m) and EBITDA improved significantly y/y from €101k to €485k. EBIT turned around from €-111k to €275k and even net income was positive (€178k). For Q4, APM is guiding towards stable revenue y/y (Q4/23: €5.9m) and an improved EBITDA figure. We model Q4 revenue of €6.0m and EBITDA of €739k versus Q4/23 EBITDA of €369k. For 2025E, we expect 5% revenue growth and a further EBITDA margin increase to 9.9% against the backdrop of improving macro-economic fundamentals in APM's main markets. An updated DCF model yields an unchanged €2.90 price target. We confirm our Buy rating. Bezüglich der Pflichtangaben gem. §85 Abs. 1 S. 1 WpHG und des Haftungsausschlusses siehe die vollständige Analyse. You can download the research here: http://www.more-ir.de/d/31421.pdf Contact for questions: First Berlin Equity Research GmbH Herr Gaurav Tiwari Tel.: +49 (0)30 809 39 686 web: www.firstberlin.com E-Mail: g.tiwari@firstberlin.com
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
||||||||||||||||||||
2036737 22.11.2024 CET/CEST
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.
