BREAKING NEWS – 12.09.2023

In a press release dated September 8, 2023, Arras Group, a real estate development technology company focused on second homes located mainly in Sardinia, listed on the Euronext Growth Milan market (EGM), announced that its Board of Directors has determined to establish a branch in Switzerland, in the city of Neuchâtel, under the name of Arras Group SpA, Swiss Branch, Neuchatel. A new showroom is due to open in Switzerland in November, with the aim of increasing the brand’s visibility and awareness by taking advantage of the significant opportunities offered by this country. This will also serve to make the innovative, eco-friendly and digital approach that is the hallmark of the Arras Group even more accessible. This will help to engage both international customers present in Switzerland and those in the surrounding area. The announcement confirms the growth plans and reinforces our positive view on the Company. Pending a meeting with management and the evaluation of the 2023 half-year results, we confirm our recommendation: target price €1.40, BUY rating and risk Medium.

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