| INVESTOR NEWS - 29/06/2020 |
|
HIGHLIGHTS
DIGITAL360: ANALYST COVERAGE UPDATE
|
|
CFO SIM, a company specialised in high value-added services for businesses, Corporate Finance and Corporate Solution, and which carries out independent studies on companies listed on the Milan Stock Exchange, has recently published an update of the Equity Research on DIGITAL360. Compared with the previous one carried out in April 2020, the study raises the target price of the share from 1.20 euro to 1.70 euro, which in relation to the current share performance translates into a potential upside of around 60%.
This assessment takes into consideration a scenario which forecasts revenues of 23.8 million in 2020 (against the 25.2 recorded in the last financial statements closed on 31/12/2019), to then reach 35.4 million in 2022, and a growing Ebitda that from 2.5 million in 2019 is estimated to reach 3.1 million in 2020 (with a growth of 25%) and 5.4 million in 2022.
According to CFO SIM, growth in the period is also generated by the opportunities created as a result of the spread of the Covid-19 virus, which has prompted many businesses and public administrations to speed up the process towards digital transformation, creating a competitive advantage for DIGITAL360, which it will also benefit from in the future. The great traffic increase on its websites achieved in recent months, the growth of webinars offered, of streaming events, communication campaigns, digital marketing and lead generation, of remote legal consultancy services on audits, compliance and IT security, of qualification services for smart working, together with the increased work productivity and the scalable DIGITAL360 model, influence the company's margins.
The assessment was based both on the DCF method and on the market multiples model, resulting in a total company value of € 27.5 million.
|
|
 |
Digital360 is a partner of the 24 ORE Group for the digitisation of events
Milan, 23rd June 2020 - Digital360 SpA, a company listed on the AIM Italia market - Alternative Investment Market, organised and managed by Borsa Italiana SpA, announces that it has entered into a partnership with 24 ORE Eventi, the company which designs and organises the 24 ORE Group events, with the aim of supporting the publishing group in the conception, design and management of its digital events.
|
|
Digital360 organises " Telco per l’Italia 2020", a digital event on telcos in the coronavirus emergency
Milan, 18th June 2020 - Digital360 SpA, a company listed on the AIM Italia - Alternative Investment Market, organised and managed by Borsa Italiana SpA, organises "Telco per l’Italia", a "digital marathon" of four events on 18th and 25th June, 2nd and 16th July, for an exchange of views between the most important telecommunications operators, representatives of supply chain companies and of institutions on the strategic role of the sector in managing the Coronavirus emergency.
|
|
NEXT EVENTS
Q&A WITH DIGITAL360
|
|
WEBINAR - 8th July | 17:30
Open debate on strategies, results and performance
Participants: Andrea Rangone, President of Digital360 and Emilio Adinolfi, CFO & Investor Relator Digital360
|
|
| Follow us to stay updated: |
|
|
|
|
DIGITAL360, a company listed on the Borsa Italiana AIM Market, aims to partner with businesses and public authorities assisting them in the understanding and implementation of digital transformation solutions, relying on the best technology providers on the market. DIGITAL360 integrates a multidisciplinary and multicultural mix of professionalism and expertise, thanks to analysts, journalists, consultants and experts active in the digital world who all share a great passion and a common mission: digital innovation as an engine of growth and modernisation of our Country.
For more information: www.digital360.it |
|
|
|
|
