IBG recommends buying the stock of OPAP at an unchanged target price of 15.5 euros, in today’s report, providing that the net profits of the Organization for the first quarter amount to 43.6 million euros, showing an increase of 10.7% compared to the same period last year.

The Organization’s revenue is projected to stand at 956 million, showing an increase by 10% and its EBITDA at 68 million, up by 18.75.

For the whole of 2014, the company foresees that net adjusted earnings will fluctuate around 203 million EUR, while in 2015 they are expected to increase to 226 million EUR and 287 million in 2016.
OPAP will be announcing the first quarter results on the 27th of May.

source: newmoney.gr