BREAKING NEWS – 30.05.2023

In the press release of 26 May 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 has started the internationalization process through the launch of two new proprietary B2B e-commerce for France, Belgium, Spain, and Portugal. The initiative aims to replicate the successful model launched in Italy in 2019, which led to a 43.0% increase in Revenues generated in 2022 compared to 2021, as well as registering more than 30,000 annual users and acquiring more than 2,500 new customers. The launch of two new B2B e-commerce products is part of a broader strategic vision of digitization. Specifically, the selection of countries through which the international expansion will be launched was done through a careful evaluation of consumer characteristics as well as logistics and transportation costs. In addition, the Company, at the same time as the launch of e-commerce platforms, announces the launch of a significant digital advertising campaign aimed at the countries selected as targets. The above statement reinforces our positive view on the security. Therefore, we confirm our estimates: rating BUY, Target Price € 2.95, and risk MEDIUM.

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