Viafin Service - Growing strongly and profitably

Here is Kopsa’s latest company report on antihyzon. :slight_smile:

We raise Viafin Service’s target price to 21.5 euros (previously 21.0 euros), but lower our recommendation to reduce (previously add). Viafin Service’s earnings grew strongly in 2024, and despite market instability, the company has good opportunities to continue earnings growth in 2025 through acquisitions. In the short term, however, the stock’s return expectation has moderated due to the increased share price.

Quoted from the report:

Cash has been put to work in the form of acquisitions, but even with the rough prices of the latest acquisitions, it would be possible to acquire 20 MEUR in revenue and 2.5 MEUR in operating profit. The cash position is therefore still very strong and provides opportunities for inorganic growth and increasing dividend distribution.

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