MILAN, March 29 (Class Editori) — Today Sciuker Frames Group, the leading Made-in-Italy design solar screens and window frame manufacturer, announced that its subsidiary Sciuker Ecospace signed eight contracts worth a total of 18.2 million euros. The number of contracts signed by Sciuker Ecospace reaches 89 units, while those signed since the beginning of the year amount to 39.3 million euros compared to the 2022 turnover target —announced on February 15— of approximately 68 million euros.
"This first quarter of 2022 keeps confirming to us that the demand trend for all the Group's companies is impressive and still exceeds our most ambitious expectations," Marco Cipriano, President and CEO of Sciuker Frames, stated. "In the coming days we will also finalize the launch of an import business unit that will allow us to generate a part of our turnover through strategic partnerships with several foreign manufacturers, who decided to embrace our project and adapt their industrial processes to Sciuker's production philosophy. Such an impressive demand makes it possible for us not only to rely on foreign production to expand our ability to serve the Italian market, but also to anticipate increases in raw material prices. We increasingly believe that, as a Group, imports and inflation will account for between 10% and 15% of the production value in 2022".
According to analysts, this is positive news because, once again, it confirms how strong demand for windows and doors is right now and highlights expected sales not only for this year, but also for 2023. "We confirm our positive recommendation on the stock," it was stated. In a report released on March 2, Banca Profilo confirmed a buy rating and a target price of 16.1 euros on the stock listed on Euronext Growth Milan, while Intermonte reconfirmed, in a note released on February 21, the buy rating and target price at 15.80 euros. Currently the stock is quoted at 8.76 euros, recording an increase of 3.30%.
(Source:Class Editori)
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