BREAKING NEWS – 05.02.2024

In a press release issued on January 25th, 2024, NVP SpA, an Innovative SME listed on Euronext Growth Milan, active in the end-to-end creation of content for television networks and broadcasting services, announced that unaudited consolidated revenues for 2023 amount to € 26.70 million. Thus, 2023 is expected to be a record year, marking a growth of 51.0%, compared to € 17.70 million recorded in 2022. More specifically: consolidated revenues of approximately € 22.50 million were recorded in Italy, marking a 36.0% increase compared to € 16.50 million in 2022;  a further € 4.20 million, corresponding to 16.0% of total revenues, was generated abroad. Revenues in the area mark significant growth compared to the equivalent figure for 2022 of € 1.20 million. This is also due to the positive impact generated by the agreement with WTA Media and Dazn Group Limited UK aimed at the production of the WTA Tour. The consolidated value of production stands at approximately €30.0 million, marking a significant growth of 48.0% compared to €20.30 million recorded in 2022. The scope of business consolidation also includes the subsidiaries E.G. Audiovisivi Srl and Produzioni Italia Srl, the latter as of September 14th, 2023 which contributed to the generation of revenues of approximately € 2100, entirely realized in Italy. In conclusion, in 2023 NVP records a major increase in revenue for the fourth consecutive year since listing, thanks to positive contributions from both target sectors. “Sports events” generated revenues of € 21.90 million, registering a 71.0% increase from € 12.80 million in 2022. On the other hand, “entertainment & fashion” activities marked a growth of 7.0%, reaching € 4.80 million, compared to € 4.50 million recorded at the end of 2022.  This success was powered by the confirmation of prestigious entertainment programs such as Masterchef, Don’t Forget the Lyrics and DiMartedi, as well as the introduction of new programs such as Comedy Match on Canale 9 and In Other Words on La7. In addition, the fashion sector experienced the success of Dolce & Gabbana’s Haute Couture shows held in  Ostuni and Alberobello in Puglia. JV Hiway Media, an innovative startup specializing in the development of OTT platforms, which is 50.0% owned and non-consolidated, also acquired major prestigious orders. While waiting to meet the management and evaluate the 2023 annual results, we confirm our recommendation: target price € 7.85, rating BUY and risk MEDIUM.

Leggi il pdf