Banca Akros ups Ariston TP on strong Q1 results, guidance confirmed

Ariston Holding

08/05/2025 12:30

** Banca Akros raises target price for Italian water heating firm Ariston Holding ARIS.MI to 5.50 euros ($6.21) from 5.00 euros, citing strong first-quarter results and confirmed guidance for 2025

** The broker notes that Ariston's Q1 2025 revenue rose 2.1% year-over-year, outperforming estimates, with organic growth of 2.4% and adjusted EBIT increased by 26.3% year-on-year due to efficiency initiatives and moderate operating leverage

** "Q1 25 results and current market dynamics confirm that a gradual stabilisation is indeed underway in the group's main markets, which appear to be returning to growth closer to historical rates," the broker says

** The company does not expect any direct impact from tariffs in the Americas, and the group's exposure to the EU and China is minimal, with the Russian unit back under Ariston's management since March 26, they anticipate a gradual contribution during the year, it adds

** At 1116 GMT, shares pare gains after rising as much as 9%, the highest since March 19

($1 = 0.8861 euros)

 (Reporting by Laura Contemori)

 ((Laura.Contemori@thomsonreuters.com;))