Mutti Spa
23/12/2010
On 23 December 2010 the company CA Agro Alimentare Spa, a holding company of the Crédit Agricole Group specializing in investments in the agri-food and agro-industrial sector, entered the capital of the company Mutti Spa. Integrae assisted the company Mutti Spa as a Financial Advisor in the transaction.
The enterprise. Mutti – Industria Conserve Alimentari is an Italian company specializing in food preserves, in particular in the tomato sector, which has achieved a place of great importance at the European level.
Ultima Ricerca Mutti Spa
UPDATE| The first half of 2026 marked a period of significant growth for ISCC Fintech, with the Group reporting a Value of Production of € 4.88 million, a sharp increase (+75.1%) compared to € 2.79 million in 1H25A. In terms of profitability, EBITDA reached € 1.30 million, returning firmly to positive territory from € -0.37 million in 1H25A. After depreciation and amortization of € 0.33 million, including capitalized costs related to the ISCC WEB management system, and a prudential provision of € 0.12 million for the impairment of receivables in the portfolio, EBIT stood at € 0.85 million (€ -0.86 million in 1H25A). Net Income was positive at € 0.60 million, compared to a loss of € 0.87 million in 1H25A. The Group’s financial position strengthened significantly, with NFP turning cash positive at € 1.06 million, compared to net debt of € 0.67 million at year-end 2025, representing an improvement of € 1.73 million, primarily driven by cash flows generated from operating activities. In light of the results published in the 1H26A interim financial report, we confirm our estimates for both the current year and the following years. In particular, we expect FY26E revenues to reach € 7.65 million, with EBITDA of € 1.00 million, corresponding to an EBITDA margin of 11.3%. Looking ahead, we expect revenues to increase to € 12.55 million (CAGR 25A-28E: 32.5%) in FY28E, with EBITDA reaching € 4.80 million (corresponding to an EBITDA margin of 38.7%), compared to € -0.93 million in FY25A. Finally, in terms of financial position, we expect NFP to remain broadly stable, moving from net debt of € 0.67 million in FY25A to net debt of € 0.66 million in FY26E. We carried out the valuation based on the DCF methodology, including in the calculation of the WACC a specific risk premium of 2.5%. This results in an equity value of € 36.1 million. The target price is € 2.80, with a BUY rating and MEDIUM risk. |
