on EV Digital Invest AG (isin : DE000A3DD6W5)
EV Digital Invest AG: Strategic Adjustments Amid Market Challenges
EV Digital Invest AG, evaluated by NuWays AG, is navigating a mixed financial landscape, according to its recent unaudited H1 2024 report. Sales improved slightly to €1.6 million from €1.5 million last year. However, €0.3 million was directly depreciated due to collection challenges, leaving adjusted sales at €1.3 million, surpassing expectations.
The EBITDA revealed a deeper negative at €-2.2 million compared to €-1.4 million in H1 2023, hampered by legal and personnel costs. Real estate market difficulties, such as project defaults and delays, continue to impact the company. Nonetheless, EV Digital Invest AG projects FY24 sales between €2.3-2.7 million, maintaining a cautious outlook.
Amidst these challenges, diversification efforts into products like deposit accounts and renewable energy projects aim to stabilize future income. The market recovery is anticipated, prompting a revised "Buy" recommendation with a target price of €1.80.
R. H.
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