TMP S p A : Websim initial coverage

PRESS RELEASE

TMP GROUP, WEBSIM CORPORATE STARTS COVERAGE OF STOCK WITH OUTPERFORM RECOMMENDATION AND TARGET PRICE OF €2.02 PER SHARE

Milan, May 14, 2024 - TMP Group S.p.A., Italian tech-media company listed on the Euronext Growth Milan (ISIN code IT0005531238, Ticker: TMP) specialized in the design and development of communication, advertising and digital marketing strategies, hybrid events and content, characterized by a high technological profle, announces the start of coverage by the Italian broker Websim Corporate entitled "Where creativity meets technology", with Outperform recommendation and Target Price equal to €2.02 per share.

In the initial coverage, Websim analysts highlight how TMP Group is an innovative leading company in the tech-media sector. The technology underlying the commercial ofer, the innovative proprietary platforms and a streamlined cost structure represent some of TMP Group's strengths which can allow the Company to seize the opportunities generated by future developments in the reference market. 2024 - we read in the coverage - could mark a return to growth for the Group, after the recent investments made in the 2023 fnancial year.

The initial coverage assessment is moderately positive, based on a highly conservative scenario. Websim believes that the current fnancial year will be able to provide new elements to allow an upward revision of the estimates.

The complete research is available on the Borsa Italiana website, at this link

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About TMP Group

TMP Group S.p.A. is an Italian tech-media company born in 2012 and specialized in the design and development of communication, advertising and digital marketing strategies, hybrid events and contents, characterized by a high technological profle. It supports companies across operational areas - Digital, Experience, Production, Technology - paying constant attention to innovation, creativity and new media, investing in talent, in the most advanced technological platforms and in the Metaverse and NFT blockchain sector. It has 4 operating ofces in Italy - in Milan, Santa Margherita di Belice, Turin and Rome - in addition to important commercial partnerships in London, Paris and Tokyo. The team is made up of 34 resources, with an average age of 30. It boasts a very diversifed customer portfolio, of national and international brands, key players in their respective sectors. In 2021 he founded Hangar21, a digital production factory ecosystem located in Milan, and scalable anywhere, dedicated to the conception, development, production and dissemination of digital and creative content through the most modern technologies and which encompasses the entire communication chain. As of 30 June 2023, TMP Group achieved a production value of 3.3 million euros, revenues of Euro 3.1 million and EBITDA of Euro 0.7 million. In 2024 TMP was chosen to participate at CES in Las Vegas, one of the largest and most infuential international events dedicated to technological innovation and consumer electronics.

Contacts
Investor Relator	Corporate Media Relations Advisors
Roberto Rosati	TWIN
[e-mail]	[e-mail]
T: [phone]	Morena Azzi
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