Lucisano Media Group S.p.A., a company listed on the Euronext Growth Milan market of the Italian Stock Exchange and the head of the historic Italian group active in audiovisual production and distribution as well as Multiplex management, has reported its results for the first half of 2023, described as “solid” by financial analysts, thanks to the release of a number of films/series produced in fiscal year 2022 and the Multiplex business, which recorded positive EBIT. Net debt remained stable despite the number of productions, which exposed the company financially during the six-month reporting period.
Intesa Sanpaolo’s response was positive with an increase in target price, raised from 2.0 euros to 2.1 euros, confirming its “Buy” recommendation on the stock, i.e., advice to buy the stock that could grow 15 percent in six months.
The broker expects for the fiscal year 2024 that Lucisano Media Group will release at least 4 new films, 2 TV series and a documentary. The TV series on Raffaella Carrà, whose biographical rights option it acquired, is likely to be released in fiscal year 2025.
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