Arterra Bioscience: post FY22 results update
Arterra Bioscience is an Italian green biotech company specializing in research and development in biotechnology, listed on the EGM since 2019, releases FY 2022 results.
Our equity research confirms the BUY and reduces the Target Price to €4.5
Find out why in the analysis by Francesca Romana Sabatini Head of Equity Research.
Download the search here
Spring Investor Conference
On Monday, April 3rd, at Hangar 21, Banca Profilo hosted the Spring Investor Conference dedicated to some of the most promising companies listed on the EGM. During the event, institutional investors and some of the most promising EGM-listed companies had the opportunity to meet and discuss the results of 2022 and the strategies for 2023.
In total, there were 10 participating companies, around 20 investors present, and more than 50 meetings held.
During the day, in addition to the presentation of Banca Profilo Research’s new quarterly monitoring product for the EGM, a roundtable discussion was held between Italian funds specializing in Small/Mid Caps and issuers.
We thank the investors for sharing their ideas during the roundtable: Andrea Faraggiana, Antonio Amendola, Giacomo Lo Gatto, Giampaolo Rivano, and Umberto Grimi.
We also thank all the participants and issuing companies for holding meetings throughout the day: Arterra Bioscience, Circle, Cofle, Gismondi, Health Italia, Nocivelli, Promotica, SCK Group, Svas Biosana, and TMP Group.
Bank crisis: what’s happening to the markets
In the last week, the second largest bank failure in US history took place without any warning and the return of fears about financial stability.
A different story for what happened to Credit Suisse, a bank saved by a special operation, which will be the focus of our subsequent in-depth analysis.
In general, the scenario has brought fears back to the markets that seemed buried for a decade and for this reason it is important to maintain a rational approach, seeking defense in quality assets, waiting for future opportunities and taking advantage of the high yields currently found on the monetary , as well as Bots and Treasury Credit Certificates (Cct), which have become extremely topical again.
What will be the consequences of these failures? How will the markets react?
They explain it in the video, Lorenzo Fuscà Head of Wealth Management and Francesco Menini Head of Investment Advisory at Banca Profilo.
Markets: the year of China’s recovery
After the reopening, 2023 seems to be the year of restart for China after a negative period also due to the zero covid strategy and the consequent economic challenges it has had to face.
In general, the scenario remains uncertain and for this reason it is important to be more careful and selective in investment decisions: short duration, quality credit and emerging equity are the areas in which to look for opportunities.
What will be the consequences of China’s reopening? How will the markets react?
They explain it in the video, Lorenzo Fuscà Head of Wealth Management and Stefania Cardone Investment Advisory of Banca Profilo.
Preliminary results of the financial year 2022
Approved preliminary results for the fiscal year 2022 show growth compared to the previous year and are in line with the Plan objectives. Despite the adverse geopolitical context strongly influencing markets, Banca Profilo’s initiatives outlined in the Industrial Plan and its business model have allowed it to maintain a high level of financial solidity.
Net revenues stand at 70.6 million euros (+6.2% YoY), while net profit amounts to 11.1 million euros (+18% YoY), excluding non-recurring gains related to the sale of the Swiss subsidiary BPdG.
The operating result shows growth, consolidating at 18.4 million euros (+9.6% YoY) with a Cost Income ratio of 74%. Client deposits total 5.6 billion euros (-3.7% YoY) due to market effects.
Financial and capital strength is confirmed with a CET1 ratio of 22.7%.
Download the press release for more information.
*net of non-recurring gains related to the sale of the Swiss subsidiary BPdG.
The listing of TMP Group
Banca Profilo seizes the market’s recovery with the listing of TMP Group, the second in 2023 on EGM.
TMP Group provides digital communication solutions and high-tech event creation. The company assists B2B clients in transitioning to new communication solutions, leveraging technological innovations such as the Metaverse and NFTs.
The operation was supported by the Investment Banking team as Global Coordinator and by the Analysis and Research team as Corporate Broker. Banca Profilo will continue to support TMP Group in its growth journey as EGA, Corporate Broker, and Specialist.
Markets: “Yield is Back”, but with selectivity
The markets seem to be experiencing a re-adaptation of Samuel Beckett’s famous play that we could call “Waiting for Pivot“: they are moving on expectations of an imminent easing of monetary conditions in the wake of signs of a slowdown in US inflation and fears of recession. In general, we are leaving behind a year of pitfalls and unpredictable implications, but also of rediscovered opportunities in terms of asset allocation, with quality bonds once again becoming a profitable component of the portfolio.
So what will happen to the markets? Lorenzo Fuscà Head of Wealth Management and Emanuele Fino Head of Investment Advisory at Banca Profilo explain it in the video.
