Swissnet Group: Positive Share Ratings and Strategic Wins

Leading research houses First Berlin, Nuways, and Quirin have released updated analysis on Swissnet Group, affirming "Buy" ratings for its shares. Quirin elevated its target price to EUR 21.00, while First Berlin and Nuways maintained theirs at EUR 18.50 and EUR 20.00, respectively. The assessments highlight Swissnet's robust FY24 preliminary results, with sales climbing to CHF 13.1 million and an adjusted EBITDA of CHF 2.5 million.

Strong organic growth and strategic acquisitions are credited as performance drivers. Notably, Swissnet Group secured significant contracts: a CHF 1.2 million IoT deal with a tobacco company, a €6.2 million infrastructure project with a drugstore chain, and new ventures in the MENA region, bolstering its position in ICT and SaaS solutions.