Research

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Research Breaking News 16/05/2025

UPDATE

Consolidated total revenues for 2024 amounted to €21.57 million, reflecting an 11.7% increase compared to €19.31 million in the previous year, fully in line with the forecasts outlined in our previous report. In 2024,

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Research Breaking News 14/05/2025

BREAKING NEWS

On May 13, 2025, ESPE – active since 1974 in the renewable energy sector as an EPC contractor in the supply of photovoltaic systems, and owner of the “ESPE” trademark technology for the development

- Riferimento
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Research Breaking News 12/05/2025

BREAKING NEWS

In the press release dated May 7, 2025, Intred SpA, a telecommunications operator listed on the Euronext Growth Milan market, announced that revenues as of March 31, 2025—unaudited and inclusive of revenue generated by

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Research Breaking News 9/05/2025

BREAKING NEWS

Preliminary Results FY24A In the press release dated April 28, 2025, ESPE S.p.A. – based in Grantorto (PD), operating since 1974 in the renewable energy sector as an EPC contractor in the supply of

- Riferimento
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Research Update 7/05/2025

BREAKING NEWS

In the press release dated April 30th, 2025, Vivenda Group SpA — a company active in the Out Of Home (OOH) and Digital Out of Home Advertising (DOOH) sectors, and leading the namesake Group

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Research Breaking News 7/05/2025

BREAKING NEWS

On May 2, 2025, Siav S.p.A. Società Benefit, a leading Italian company in the Content Service Platform sector (according to Gartner’s classification) and listed on Euronext Growth Milan (EGM), announced the establishment of Siav

- Riferimento
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Research Breaking News 5/05/2025

BREAKING NEWS

On April 24, 2025, Convergenze SpA Società Benefit and B-Corp, an integrated technology operator active nationwide in the 100.0% green Energy and Telecommunications sectors—through its patented EVO network (Electric Vehicle Only) and proprietary fiber optic

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Research Update 28/04/2025

UPDATE

The Value of Production amounted to €22.93 million, an increase from the €19.48 million recorded at the end of 2023 but a decline from the €26.00 million estimated in our previous report. EBITDA totalled

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Research Update 28/04/2025

UPDATE

The Value of Production for FY24A amounted to €34.66 million, representing a 6.0% increase compared to €32.71 million in FY23A, and broadly in line with the previously estimated figure of €35.85 million. In FY24A,

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Research Update 28/04/2025

UPDATE

At the end of FY24A, the value of production amounted to €14.87 million, standing below both the result recorded in FY23A* (€22.58 million, -34.1%) and our previous estimates of €18.10 million. EBITDA for FY24A

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Research Update 24/04/2025

UPDATE

In 2024, Litix recorded a value of production of € 6.44 million, marking an 18.5% increase compared to FY23A, although below expectations. The performance was mainly driven by the Robotor Business Unit, which doubled

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Research Update 24/04/2025

UPDATE

Circle’s Value of Production for FY24A stood at €14.58 million, compared to €13.21 million recorded at the end of 2023 and below the €15.70 million estimated in our previous report. EBITDA stood at €3.01

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Research Update 24/04/2025

UPDATE

At the end of FY24A, the value of production amounted to € 9.46 million, recording a slight decrease both compared to FY23A (-16.9%), which was € 11.37 million, and our previous estimates of €

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Research Update 23/04/2025

UPDATE

At the end of FY24A, the value of production amounted to € 8.99 million, marking an increase both compared to the result recorded in FY23A (+28.0%), which was € 7.02 million, and relative to

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Research Update 23/04/2025

UPDATE

In FY24A, Green Oleo recorded a production value of €72.12 million, of which €71.24 million was attributable to sales revenues, €-0.02 million related to the negative change in inventories, and €0.90 million referred to

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Research Update 23/04/2025

UPDATE

In 2024, Siav maintained a stable Value of Production at € 33.91 mln, in line with both the previous year and expectations. Revenue growth, reaching € 33.65 mln (+4.9%), was driven by management efficiency

- Riferimento
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Research Update 23/04/2025

UPDATE

Operating revenues for FY24A reached €361.43 million, up 45.6% from €248.23 million in FY23A, and exceeding previous estimates of €321.10 million. In 2024, EBITDA came in at €9.43 million, in line with the €9.51

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Research Update 22/04/2025

UPDATE

In 2024, the Value of Production amounted to € 27.34 mln, up from € 26.40 mln in 2023 but below our estimate of € 29.00 mln. The Software House division contributed € 14.98 mln

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Research Update 22/04/2025

UPDATE

At the end of FY24A, the value of production amounted to € 18.35 million, significantly above both the result recorded in FY23A* (€ 10.52 million, +74.4%) and our previous estimate of € 16.30 million.

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Research Update 22/04/2025

UPDATE

As of the end of 2024, the consolidated value of production for the Spindox Group amounted to € 111.77 million, reflecting an 11.9% increase compared to € 99.85 million recorded in FY23A. Normalized EBITDA

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Research Update 22/04/2025

UPDATE

In 2024, the SEIF Group recorded a value of production of € 35.92 million, up 4.0% compared to € 34.54 million in 2023 and slightly below the € 38.00 million estimated in our previous

- Riferimento
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Research Update 22/04/2025

UPDATE

Redelfi accelerates on its BESS core business, closing 2024 with a value of production of € 19.82 million (+81.7%) and EBITDA of € 9.39 million (+85.8%), driven by the expansion of its pipeline in

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Research Initiation of Coverage 17/04/2025

UPDATE

In 2024, Predict reported a Value of Production of € 7.34 mln, down 8.5% compared to the previous year due to a contraction in both public and private demand. Revenues amounted to € 6.63

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Research Update 17/04/2025

UPDATE

In 2024, Finanza.tech recorded revenues of € 7.21 mln, down 32.3% compared to FY23A, reflecting the expected contraction in the tax credit sector. This trend is part of a broader transformation of the business

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Research Update 16/04/2025

UPDATE

The Company’s revenues at the end of FY24A amounted to € 8.48 million, representing a 25.4% increase compared to € 6.77 million in FY23A. EBITDA for the period stood at € -0.13 million, showing

- Riferimento
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Research Update 15/04/2025

UPDATE

In 2024, Pozzi Milano exceeded expectations, reaching a production value of € 21.72 million, up 12.4% from € 19.31 million in 2023, confirming the solidity of its business model even in a complex macroeconomic

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Research Update 15/04/2025

UPDATE

In the consolidated financial statements as of December 31, 2024, Palingeo reported revenues of € 62.99 million, up 7.7% compared to the € 58.50 million recorded in the previous year. EBITDA for the period

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Research Update 15/04/2025

UPDATE

As expected, the Vimi Group closed 2024 with an 8.4% decline in value of production, from € 61.35 million in 2023 to € 56.19 million, as a result of macroeconomic dynamics and destocking strategies

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Research Update 14/04/2025

UPDATE

In FY24A, the Group reported improving results, with consolidated revenues of € 26.47 mln (+2.4%) and a return to positive EBITDA of € 2.94 mln, driven by efficiency initiatives and the new ONE Company

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Research Update 10/04/2025

UPDATE

Consolidated revenues as of 31 December 2024 amounted to €20.00 million, marking an increase of 79.9% compared to the previous year when the Company recorded revenues of €11.12 million (€15.12 million the pro-forma figure

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Research Update 10/04/2025

UPDATE

In 2024, Reway Group recorded strong growth results, with a value of production of € 232.32 million, up 75.6% compared to the previous year, driven by the acceleration in new contracts and the contribution

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Research Update 8/04/2025

UPDATE

In FY24A, the Group’s revenues amounted to € 36.89 million, marking a 3.1% increase compared to 2023, although slightly below previous estimates. The Parent Company remains the main growth driver, contributing 75.2% of total

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Research Update 7/04/2025

UPDATE

In FY24A, the value of production amounted to € 24.13 mln, down from € 26.91 mln in 2023, mainly due to the deconsolidation of Lindbergh France. EBITDA grew by 26.3% year-on-year, reaching € 4.33

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Research Update 3/04/2025

UPDATE

Convergenze (B-Corp since 2025) exceeded expectations, reaching a production value of € 26.61 million, up 16.61% compared to 2023. The Energy BU in particular showed a strong recovery, with volumes up 22.9% and a

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Research Update 31/03/2025

UPDATE

In 2024, the Group recorded revenues of € 73.43 million, up by 10.1% compared to € 66.67 million in 2023 and above the previous estimate of € 70.00 million. The performance was driven by

- Riferimento
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Research Update 31/03/2025

UPDATE

In 2024, ISCC recorded a strong economic improvement, with revenues nearly tripling to € 8.76 million and a positive EBITDA of € 2.40 million (EBITDA margin of 27.8%) after the negative result of the

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Research Update 31/03/2025

UPDATE

In 2024, Intred recorded solid results, with a Value of Production amounting to € 55.89 million, up by 10.6% compared to the previous year, mainly driven by Ultra-Broadband services and recurring fees. EBITDA reached

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Research Update 27/03/2025

UPDATE

Saccheria F.lli Franceschetti closed 2024 with revenues of €17.68 million, broadly in line with both the FY23A figure of €17.79 million. EBITDA amounted to €2.10 million, reflecting a slight decrease of 8.3% compared to

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Research Breaking News 25/03/2025

BREAKING NEWS

In the press release dated March 24th, 2025, Pozzi Milano SpA, a company active in the tableware fashion segment and owner of the “EasyLife” brand, as well as the historical brands “Pozzi” and “Castello

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Research Update 21/03/2025

UPDATE

In FY24A, the Group recorded revenues of € 22.68 million, marking a 14.7% increase compared to the previous year and exceeding projected estimates. This solid performance was driven by the acquisition of Lunghezza D’Onda

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Research Breaking News 23/12/2024

BREAKING NEWS – 23.12.2024

In the press release dated December 19th, 2024, Casta Diva Group SpA, a multinational company listed on Euronext Growth Milan, active in the communication sector for the production of branded content, viral videos, digital

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Research Breaking News 17/12/2024

BREAKING NEWS – 17.12.2024

In the press release dated December 16, 2024, Simone S.p.A., a publishing company listed on Euronext Growth Milan, announced that the tax credit provided under the Special Economic Zone (ZES), applied for by the

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Research Breaking News 10/12/2024

BREAKING NEWS – 10.12.2024

IDNTT Launch “Season Pass”Ticker: IDNTT IM Price: € 2,88Rating: BUY, TP: € 6,60Risk: Medium Click here to see the report In the press release dated December 10, 2024, IDNTT, a MarTech Content Factory specializing in omnichannel

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Research Breaking News 6/12/2024

BREAKING NEWS 06.12.2024

In the press release dated December 4th, 2024, Reway Group announced the completion of the acquisition of a 60,0% stake in Vega Engineering Srl, a multidisciplinary engineering company specializing in the design of road

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Research Breaking News 4/12/2024

BREAKING NEWS 04.12.2024

In the press release dated December 3rd, 2024, Promotica S.p.A. – a loyalty agency specializing in the development of marketing solutions aimed at increasing sales, loyalty, and brand advocacy, listed on Euronext Growth Milan

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Research Breaking News 2/12/2024

BREAKING NEWS 02.12.2024

In the press release dated December 2, 2024, Bellini Nautica SpA, a company founded in 1967 and leader of a group operating in the luxury nautical sector, specializing in the production of Bellini Yacht-branded

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Research Breaking News 2/12/2024

BREAKING NEWS – 02.02.2024

In the press release dated November 27th, 2024, ESPE SpA – a company continuously and structurally active in the renewable energy sector as an EPC contractor specializing in the supply of photovoltaic systems and

- Riferimento
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Research Breaking News 27/11/2024

BREAKING NEWS – 27.11.2024

In the press release dated November 26, 2024, Litix SpA, an innovative SME that combines art, technology, tradition, and innovation, offering, through three business units, solutions ranging from the design and production of robotic

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Research Update 26/11/2024

UPDATE – 26.11.2024

In the press release of November 25, 2024, Saccheria F.lli Franceschetti SpA, a leading company in Italy specializing in industrial packaging made from polypropylene raffia fabric and listed on the Euronext Growth Milan (EGM)

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Research Breaking News 22/11/2024

BREAKING NEWS – 22.11.2024

In the press release dated November 19, 2024, iVision Tech, an Innovative SME and an excellent “Made in Italy” manufacturing company specializing in the design and production of acetate optical frames and sunglasses, as

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Research Breaking News 21/11/2024

BREAKING NEWS – 21.11.2024

In the press release of November 18th, 2024, IDNTT, a MarTech Content Factory active in omnichannel content production, listed on the Euronext Growth Milan market and the “Quotation Board” segment of the Frankfurt Stock

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Research Breaking News 20/11/2024

BREAKING NEWS – 20.11.2024

In the press release dated November 18, 2024, Litix SpA, an innovative SME that combines art, technology, tradition, and innovation through three business units offering solutions ranging from the design and production of robotic

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Research Breaking News 13/11/2024

BREAKING NEWS – 13.11.2024

Nel comunicato stampa del 12 novembre 2024 iVision Tech, PMI Innovativa e realtà d’eccellenza del manufacturing «Made in Italy» attiva nella progettazione e produzione di montature di occhiali da vista e occhiali da sole

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Research Breaking News 11/11/2024

BREAKING NEWS – 11.11.2024

In the press release of November 7, 2024, Destination Italia SpA, Italy’s leading Travel Tech company and leader in high-quality inbound and experiential tourism for international tour operators and travel agencies, listed on Euronext

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Research Breaking News 6/11/2024

BREAKING NEWS – 06.11.2024

In the press release of November 5th, 2024, Pozzi Milano SpA – a company active in the tableware fashion sector and owner of the “EasyLife” brand and, through its subsidiary Pozzi Brand Diffusion S.r.l.,

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Research Breaking News 4/11/2024

BREAKING NEWS 01.11.2024

In a press release dated November 1st, 2024, Reway Group SpA – a leading Italian company in the rehabilitation of road, highway, and railway infrastructure – announced its main consolidated KPIs as of September

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Research Update 30/10/2024

UPDATE – 30.10.2024

In the consolidated half-year report as of June 30th, 2024, NVP recorded revenues of € 14.78 million, marking an 18.8% increase compared to € 12.43 million in the first half of 2023. The Group’s

- Riferimento
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Research Breaking News 28/10/2024

BREAKING NEWS 28.10.2024

In the press release dated October 28, 2024, Bellini Nautica SpA, a company founded in 1967 and leading a group active in the luxury nautical sector specializing in the production of Bellini Yacht-branded boats,

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Research Update 23/10/2024

UPDATE – 23.10.2024

As of June 30th, 2024, the Group reported sales revenues of € 15.46 million, marking a 6.5% increase compared to € 14.51 million in the first half of 2023. As of June 30th, 2024,

- Riferimento
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Research Update 22/10/2024

UPDATE – 22.10.2024

The value of production stands at €8.10 million, marking a growth of 4.6% compared to €7.74 million recorded in 1H23A. EBITDA, amounting to €-4.33 million, shows a decline compared to the previous semester’s figure

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Research Update 22/10/2024

UPDATE – 22.10.2024

The value of production for the first half of 2024 stands at €9.09 million, compared to approximately €9.80 million in 1H23A, marking a decrease of 7.2%. EBITDA, amounting to €1.10 million, shows a decline

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Research Update 21/10/2024

UPDATE – 21.10.2024

In the press release of October 17th, 2024, IDNTT, a MarTech Content Factory active in omnichannel content production, listed on the Euronext Growth Milan market and the “Quotation Board” segment of the Frankfurt Stock

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Research Update 21/10/2024

UPDATE – 21.10.2024

Inthe consolidated financial statements as of December 31, 2023, Promotica Group reported consolidated sales revenues of € 84.51 million, compared to € 89.86 million in 2022, the first financial year of the plan, therefore

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Research Update 21/10/2024

UPDATE – 21.10.2024

Green Oleo, in its financial report as of December 31, 2023, recorded a value of production of € 62.58 million, of which € 60.57 million attributable to sales revenues, € 2.61 million related to

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Research Update 18/10/2024

UPDATE – 18.10.2024

Revenue for 1H24A stands at €10.55 million, a decrease of 19.3% compared to €13.08 million in 1H23A. EBITDA amounts to €0.45 million, a decline of 81.2% compared to 1H23A, when it was €2.41 million.

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Research Update 18/10/2024

UPDATE – 18.10.2024

As of June 30th, 2024, the value of production stands at € 6.92 million, marking a 40.5% increase compared to the same period of the previous year, when it amounted to € 4.92 million.

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Research Update 17/10/2024

UPDATE – 17.10.2024

As of June 30, 2024, sales revenue amounted to € 3.52 million, while the value of production stood at € 3.39 million. EBITDA was € 0.61 million, representing a margin of 17.8%. EBIT amounted

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Research Update 16/10/2024

UPDATE – 16.10.2024

The half-year financial report as of 30th June 2024 showed a value of production of € 8,12 mln, down from € 10,78 mln recorded in the same period in 2023. The EBITDA for the

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Research Update 16/10/2024

UPDATE 21.05.2024

The value of production reached €9.63 million, an increase of 4.3% compared to €9.24 million in 1H23A. EBITDA amounted to €1.10 million, an increase of 23.6% compared to €0.89 million in the first half

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Research Update 16/10/2024

UPDATE – 16.10.2024

The Group’s consolidated revenues amounted to €9.78 million, marking an 8.6% increase compared to the 1H23A figure of €9.00 million. EBITDA reached €1.51 million, up by 10.6% compared to €1.37 million in 1H23A, showing

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Research Update 15/10/2024

BREAKING NEWS – 15.10.2024

In the press release dated October 14th, 2024, Vimi Fasteners SpA, the parent company of the VIMI Group, a leader in the design and production of high-engineering fastening systems for the industrial, automotive, oil

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Research Update 15/10/2024

UPDATE – 15.10.2024

The Group recorded total revenues of €32.61 million for 1H24A, marking a growth of 104.9% compared to the 1H23A figure of €15.92 million. EBITDA stands at €0.24 million, up by 133.6% compared to 1H23A,

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Research Update 15/10/2024

UPDATE – 15.10.2024

In the first half of 2024, Mondo TV recorded a production value of €4.39 million, remaining relatively stable compared to €4.55 million in the same period of 2023. EBITDA, although showing a slight decrease

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Research Update 15/10/2024

UPDATE – 15.10.2024

The production value at the close of the first half of 2024 stands at €1.41 million, marking a significant increase of 9.2% compared to the result of 1H23A, which was €1.29 million. EBITDA as

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Research Update 14/10/2024

UPDATE – 14.10.2024

The value of production at the end of the first half of 2024 amounted to € 56.54 million, reflecting a 14.5% increase compared to the first half of 2023, which recorded € 49.39 million.

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Research Update 14/10/2024

UPDATE – 14.10.2024

The Group’s revenues amounted to €17.29 million, recording an increase of 3.5% compared to the result for the first half of 2023, when they were €16.70 million. Adjusted EBITDA totaled €0.27 million, up from

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Research Update 14/10/2024

UPDATE – 14.10.2024

The value of production stands at €12.55 million, up by 38.0% compared to €9.10 million in 1H23A. EBITDA, amounting to €1.87 million, shows a 19.7% increase from €1.57 million in 1H23A, due to better

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Research Update 14/10/2024

UPDATE – 14.10.2024

n the half-year report as of June 30, 2024, Pozzi Milano reported sales of finished products totaling €9.65 million, up from €9.32 million as of June 30, 2023, marking an increase of 3.6%. EBITDA

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Research Update 14/10/2024

UPDATE – 14.10.2024

In the semester, Reway Group strengthened its position as a leader in the infrastructure maintenance and rehabilitation sector. Sales revenues reached € 93.47 million, up 46.4% compared to the same period in 2023 (€

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Research Update 14/10/2024

UPDATE – 14.10.2024

During the first six months of 2024, consolidated revenues saw a decline of 26.7%, amounting to €5.51 million compared to €7.53 million in 1H23A. Despite the general slowdown in the Group’s performance, Finanza.tech demonstrated

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Research Update 14/10/2024

UPDATE – 14.10.2024

As of June 30, 2024, SolidWorld Group reported consolidated revenues of € 30.90 million, marking a 6.7% decline compared to € 33.14 million in the first half of 2023, primarily attributable to a decrease

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Research Update 14/10/2024

UPDATE – 14.10.2024

ESPE reported a value of production for 1H24A of € 26.73 million, showing a stable result compared to the 1H23A figure of € 26.83 million. EBITDA stands at € 3.28 million, marking a significant

- Riferimento
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Research Update 10/10/2024

UPDATE – 10.10.2024

The Value of Production stands at € 15.62 million, recording a growth of 18.7% compared to a value of € 13.16 million in 1H23A. EBITDA, amounting to € 2.15 million, shows a significant increase

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Research Update 10/10/2024

UPDATE – 10.10.2024

In the half-yearly report as of June 30, 2024, the Company reported sales revenues of € 14.42 million and a production value of € 14.53 million, marking a growth of 44.5% compared to the

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Research Update 9/10/2024

UPDATE – 09.10.2024

Sales revenues amounted to € 12.54 million, marking a 3.2% increase compared to € 12.14 million recorded in 1H23A. EBITDA stands at € 0.54 million, an improvement compared to € -0.50 million in 1H23A.

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Research Update 9/10/2024

UPDATE – 09.10.2024

In the consolidated financial statements as of June 30, 2024, Palingeo reports revenues of €33.13 million, an increase of 28.7% compared to the result of €25.74 million for the same semester of the previous

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Research Update 9/10/2024

UPDATE – 09.10.2024

Revenues amounted to € 16.12 million, essentially in line with the € 16.52 million recorded in 1H23A. EBITDA stood at € 3.06 million, registering a growth of 38.2% compared to € 2.22 million in

- Riferimento
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Research Update 9/10/2024

UPDATE – 09.10.2024

In the first half of 2024, the Group generated consolidated revenues of € 29.47 million, a slight decline compared to € 30.21 million for the same period in the previous year, representing a change

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Research Update 9/10/2024

UPDATE – 09.10.2024

Deodato’s half-year results shows sales revenues of € 4.61 million in 1H24A, reflecting a slight decrease (-5.1%) compared to the figure recorded as of June 30th, 2023, which was € 4.85 million. EBITDA for

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Research Update 9/10/2024

UPDATE – 09.10.2024

In the financial report for the first half of the year, revenues amounted to €7.71 million, remaining broadly in line with the results achieved in the same period of the previous year, which were

- Riferimento
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Research Update 8/10/2024

UPDATE – 08.10.2024

In the first half of 2024, the Group recorded revenues of € 22.02 million, marking a decrease of -17.3% compared to € 26.63 million achieved in 1H23A. The Group’s EBITDA stands at € 3.23

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Research Update 8/10/2024

UPDATE – 08.10.2024

The value of production amounted to € 7.27 million, compared to a value of € 7.16 million for 1H23A (€ 6.62 million in 1H23A*), marking a 1.5% increase (+9.8% vs 1H23A*).EBITDA stood at €

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Research Update 8/10/2024

UPDATE – 08.10.2024

In the semi-annual financial report as of 30th June 2024, Convergenze recorded a value of production of € 12.10 million, attributed to the activities of its two Business Units: TLC (€ 5.56 million, representing

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Research Update 8/10/2024

UPDATE – 08.10.2024

Consolidated revenues as of June 30, 2024, amounted to € 4.68 million, a significant increase compared to € 1.42 million recorded in the first half of 2023 (+230.1%). The EBITDA for the period moved

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Research Update 7/10/2024

UPDATE – 07.10.2024

Revenue as of June 30, 2024, stands at € 29.64 million, compared to € 34.68 million recorded in 1H23A. EBITDA, amounting to € 3.70 million, shows a decline compared to the € 9.08 million

- Riferimento
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Research Update 3/10/2024

UPDATE – 24.04.2024

Redelfi closes the first half of the year exceeding expectations in terms of revenues, recording €10.22 million. The period’s EBITDA is €5.71 million, marking an increase compared to the first half of 2023 (€1.78