Cerved Rating Agency has upgraded the rating of eVISO, a company listed on Euronext Growth Milan, from A3.1 to A2.2. This upgrade was announced on December 19, 2024, reflecting notable developments within eVISO’s operational and financial fundamentals.
The upgrade is attributed to several significant factors. First, eVISO observed a remarkable increase in margins during fiscal year 2024, bolstered by substantial growth in the volumes of both power and gas. New contractual conditions came fully online and positively impacted the company’s portfolio performance throughout the year. Notably, eVISO maintained a positive net financial position (PFN) as of June 30, 2024, demonstrating its balanced financial structure and effective credit risk management.
According to the CFO of eVISO, Federica Berardi, "The rating upgrade certifies the soundness of the economic-financial fundamentals of eVISO, which thanks to a clear business formula continues to grow in terms of volumes, customer services and innovative projects." She emphasized the company's continuous commitment to building value chains within the commodities sector, which has allowed them to achieve this milestone. This commitment reinforces their standing as a formidable player within the Italian market.
The expectations laid out by Cerved experts highlight the anticipated growth for FY25-26, supported by results from the first quarter of 2025, as well as promising contracts for electricity supply to resellers, projected to reach 1,325 GWh. This will contribute to projected annual revenue of approximately €322 million.
eVISO has carved out its niche by developing advanced artificial intelligence platforms for trading physical commodities, including not only energy and gas but also specialty products like SmartMele, their trading system for apples. This diverse portfolio positions the company uniquely within the competitive commodities sector.
Gianfranco Sorasio, the CEO of eVISO, pointed out, "The Financial Times has recognized eVISO as one of the top 5 fastest-growing companies in Europe, emphasizing our capital growth rate of 70% compounded annually within the IT & Software segment." This accolade reflects both the firm’s growth and its strategic initiatives within the marketplace.
Analysts at Websim Corporate Research have rated eVISO as 'BUY,' setting the target price at €7.3. Their evaluation leans on the company’s anticipated performance indicators, including expectations of EBITDA reaching €20 million by 2026, up from €16 million projected for 2025. This solid projection follows the successful implementation of eVISO’s strategies and market plans.
Through effective market penetration, eVISO now serves over 30,000 users directly, including small and medium enterprises, agricultural businesses, shops, and restaurants within Italy's low and medium voltage sectors. Indirectly, through B2B2C channels, eVISO collaborates with more than 100 competitors and supports over 400,000 end-users.
The recent upgrade by Cerved indicates not only the company’s current achievements but also positions eVISO favorably for future growth. With solid financial management, innovative strategies, and continued dedication to maintaining high operational standards, eVISO stands out as both one of Europe’s fast growers and one of the most financially grounded companies within the Italian market. The outlook remains positive as the firm continues on its path of strategic expansion and value creation.
