BREAKING NEWS – 01.02.2024

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 the Company awarded the tender for the production of the Europeo Monomarca championship and world championship finale of a prestigious Italian car manufacturer.  The agreement covers TV production and post-production of the international competition, with the possibility of activation of some additional high-tech services; it has a three-year term and will thus be valid in the three-year period 2024-2026, with the possibility of further renewal for 12 months. The consideration amounts to € 5.00 million, which will become € 6.50 million in case of renewal until 2027.  The Company thus managed to confirm the strategic partnership with the car manufacturer, which from 2019 turns to NVP for the production of the Europeo Monomarca championship, confirming the high innovative value of the project proposal: the services include more than 30 cameras along the circuit, roving troops inside the paddock, two drones, on-board cameras installed in the cockpit of some vehicles and a robotic head for Augmented Reality (AR). The championship will engage a team of more than 80 technicians who will manage every aspect of production and post-production for the event, which will take place at top European circuits in Italy, Spain, France, Hungary, Germany and Portugal.  A very positive start of 2024 for the Company, which in January also realized, for the second consecutive year, the production of the one-sided integration of the soccer matches of the 37th edition of the 2024 Italian Super Cup, held in Saudi Arabia in Riyadh: NVP provided Mediaset OB van and specialized technicians for the production of the semi-finals and finale of the competition. While waiting to meet with management and evaluate the 2023 annual results, we confirm our recommendation: target price € 7.85, rating BUY and risk MEDIUM.

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