MILANO (AIMnews.it) – IRTop Research has updated the TP on Elettra Investimenti in light of the results for the first half of 2018, going from 13.16 to 14.73 euros per share. The analysts’ estimates for 2018 foresee a production value equal to 53.6 million euros, up 14% compared to 2017, an EBITDA of 10 million, corresponding to an EBITDA margin of 18.7% and a group net profit of 3.5 million. For 2020 IRTop Research is expecting a production value of 65.2 million, an EBITDA of 14.8 million (22.7% of EBITDA margin) and 6.2 million euros of group net profit. The average annual growth in revenues in the period 2017-2020 should therefore be 11.5%.