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SRH AlsterResearch AG Update: mic AG - Major order win: Project pipeline turns into revenues; BUY

SRH AlsterResearch AG Update: mic AG - Major order win: Project pipeline turns into revenues; BUY

Nachrichtenquelle: AlsterResearch AG
18.03.2021, 14:36  |  192   |   |   

mic / Pyramid announced that it has won a major follow-up order from a leading food retailer in Europe for its on premise store server solutions.

mic AG (update)

Technology
MCap EUR 58.3m

BUY, PT EUR 5.40 (upside 75%)
mic AG_update

mic / Pyramid announced that it has won a major follow-up order from a leading food retailer in Europe for its on premise store server solutions. This order is likely to have a size in the high single-digit-million range and spans way into 2024. We believe that this order not only gives comfort to mic’s/Pyramid’s guidance to yet again grow its top- and bottom-line in 2021 (eAR 8% yoy l-f-l growth) but also nicely reminds investors about the quality of mic’s/Pyramid’s business model going forward. We therefore reiterate our BUY recommendation with unchanged PT of EUR 5.40, offering an upside potential of >75%.

 

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SRH AlsterResearch AG Update: mic AG - Major order win: Project pipeline turns into revenues; BUY mic / Pyramid announced that it has won a major follow-up order from a leading food retailer in Europe for its on premise store server solutions. This order is likely to have a size in the high single-digit-million range and spans way into 2024.

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