BREAKING NEWS – 25.09.2023

In a press release of October 24, 2023, Alfio Bardolla Training Group SpA (ABTG), the leading Italian SME in digital financial & business training, listed on Euronext Growth Milan, announced the full operation of its subsidiary Reasolution Srl, which is opening to the market under the EXDEBITO brand. The Parent Company, as previously announced, created a new company, Reasolution Srl, holding 80% of the share capital. This operation is part of the Group’s expansion and reorganization plan to enter the market of over-indebtedness counseling for individuals and companies, which, with the amendments made to Law 3/2012, allows for the management of the client’s debt situation. EXDEBITO was created to unite leading experts in over-indebtedness and banking law under one brand. The legal professionals who are part of EXDEBITO specialize in over-indebtedness proceedings, banking law, bank usury, compounding of interest, out-of-court negotiations, tax debts, and bankruptcy proceedings. EXDEBITO aims to help citizens and small business owners in economic difficulties find specialized professional assistance. EXDEBITO can help clients in economic difficulties in a variety of cases, such as when a business project fails and the client is forced to face personal repercussions, or when the client has taken on too much debt and is unable to repay it, partly because of rising interest rates. The project combines unique debt expertise to create a precise method that succeeds in finding the debt exit strategy most appropriate for each client’s needs. Clients are followed both locally and digitally, with constant monitoring of their journey leading to financial and social rehabilitation. The Company announced the opening of 107 new studios by December 2027. This goal, if achieved, would bring the Company to an annual turnover of more than € 10.00 million and make it the market leader in the industry. Finally, it should be noted that EXDEBITO is already present in Padua and will soon open new offices in Parma, Forlì Cesena and Rimini. Taking the press release into consideration, we confirm our recommendation: target price € 7.50, rating BUY and risk MEDIUM.

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