Consumer & Leisure

Neodecortech

Neodecortech is a vertically integrated business from power generation through to paper manufacturing, through to printing and impregnating paper. It specialises in high-quality printed décor paper and film in natural patterns to sell to the interior decoration industry, including furniture and flooring manufacturers. With all 2017 raw material price increases now pushed through to customers and new investments in film laminates, we see revenues and margins improving. Neodecortech trades at a ca.50% EV/EBITDA discount to its nearest peers.

Market: Italian AIM

Ticker: NDT.MI

www.neodecortech.it

Lead analyst: Jason Streets