(Boursier.com) — Cerinnov Group climbed 5.5% to 1.10 euros on Tuesday after announcing new signatures of firm orders for a total amount of nearly 2.7 ME, billable and deliverable in 2022. These orders include the sale of machines and ovens in Europe (France, England, Portugal), in China and in Brazil to major world players in ceramics, confirming the return of investment by ordering customers on a global scale.
By adding the amount of orders signed in 2021 and billable in 2022, the order book for the current year amounts to a total of 11 ME to date, allowing Cerinnov to anticipate growth in turnover of at least +40% for the 2022 financial year compared to 2021.
“The regular sequence of orders for several months is obviously good news, especially since the group now has strong operating leverage after being reorganized” comments Portzamparc who maintains his recommendation to ‘Buy’ with a lowered objective. of 2 euros of 1.8 euros (DCF with WACC of 11.7% and target EBIT of 10% + ESG discount of 10%).
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