Updated Alantra research on Mare Group

GMSPAZIO Strengthens Mare Group’s Aerospace & Defence Platform.

Alantra has updated its research coverage on Mare Group following the announcement of the acquisition of a 51% stake in GMSPAZIO. The transaction marks Mare Group’s entry into the space economy, strengthening the value of its Aerospace & Defence business.

The target price has been raised from €7.6 to €7.8 per share, while the BUY recommendation has been reaffirmed, implying a potential upside of 96%.

Among the key highlights identified by Alantra:

• Expected FY25–FY28 revenue CAGR of 11.0%, reaching €116.2 million in FY28E.
• Expected Adjusted EBITDA of €27.7 million in FY28E.

For more information, read the full research.