(Boursier.com) — Ateme camped at 13 euros this Friday, while the group generated turnover of 19.8 ME in the first quarter of 2022, up 34% on a current basis and 28% on a comparable basis. The strength of the end of the 2021 financial year, the strong growth of the first quarter and the ripple effect of the NAB Show lead Ateme to revise its financial objectives upwards.
The company now expects revenue growth of 15-20% for the current fiscal year against previously announced growth of 10-15%.
EBITDA should be close to 10 ME against a range of 5 to 10 ME previously.
“Ateme+Anevia’s end-to-end OTT delivery potential seems to be showing encouraging first signs of take-off” comments Portzamparc… “After updating our scenario and our market parameters, we are increasing our TP from 18.9 to 19.3 euros and maintain our Buy opinion” concludes the analyst.