(Boursier.com) — Ekinops climbed 3.6% to 6.50 euros on Wednesday, while the group achieved consolidated annual turnover of 103.6 ME, up +12%, in line with the double-digit growth target of activity set at the beginning of the year.
In 2021, Ekinops recorded an EBITDA of 17.6 ME, up +19% over the year. The EBITDA margin reached a new record level for the full year at 16.9%, compared to 15.9% in 2020 and 16% in 2019.
Current operating profit stood at €3.4 million in 2021, representing 3.3% of turnover, and annual net profit jumped by +52% to €4.8 million. Ekinops continues to benefit from a very solid and further strengthened financial position at the end of the financial year, with net cash of 21.6 ME at the end of 2021.
For the 2022 financial year, Ekinops has set itself the objectives of sustained organic growth, at least equal to that recorded in 2021 and an EBITDA margin of between 14% and 18%, integrating human and technological investments to execute the new growth. “Pending the meeting to present the results, we remain at ‘Buy’ with an unchanged target price of 9.9 euros” comments Portzamparc. For its part, Midcap Partners lowered its target from 8.6 to 7.8 euros, while remaining on the buy side, Oddo BHF adjusted its target from 10 to 9.5 euros (‘outperform’) and Bryan Garnier reduced the target from 11 to 10.7 euros (‘conviction to purchase’).
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