Breaking News, Research 12 Apr 2023
BREAKING NEWS – 12.04.2023
| In its press release of 11 April 2023, Saccheria F.lli Franceschetti SpA, a leading Italian company in industrial packaging in propylene raffia fabric, listed on the Euronext Growth Milan (EGM) market, announced that it was awarded the tender launched by the Poste Italiane Group for the supply and delivery of postal bags for the dispatch of correspondence for Postel SpA, a company of the Poste Italiane Group specializing in document management and communication services for public and private companies. Specifically, the Company, of the 3 total lots provided for by the tender notice, has been awarded lot number 1, relating to the supply of bags for postal use in use at postal mechanization centers (CMP) for the shipment of mail both by land and by air, covering 60.0% of the national need; and lot number 3, concerning the supply of bags for postal use for the Justice sector, covering 100.0% of the national need. It should be noted that the contract has a duration of 18 months and a value, including the CONAI share, of approximately € 2.50 million. The awarded tender is of great importance and strengthens our positive view on the share. For this reason, we confirm our estimates: BUY rating, Target Price € 2.95 and risk MEDIUM. |