Update

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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 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 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 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 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 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

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Research Update 3/10/2024

UPDATE – 03.10.2024

Revenue for the first half of 2024 amounts to € 44.21 million. Consolidated EBITDA as of June 30, 2024, stands at € 5.82 million, corresponding to an EBITDA margin of 13.0%. EBIT, after depreciation

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Research Update 2/10/2024

UPDATE – 01.10.2024

The value of production for 1H24A stands at € 26.29 million, showing a 6.4% growth compared to 1H23A (€ 24.70 million). EBITDA reached € 11.47 million, marking a 6.7% increase compared to € 10.75

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Research Update 1/10/2024

UPDATE – 01.10.2024

At the end of the first half of 2024, the Group recorded revenues of €11.29 million, a growth of 114.7% compared to 1H23A, where they amounted to €5.26 million. EBITDA stands at €0.90 million,

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Research Update 24/09/2024

UPDATE – 24.09.2024

At the end of the first half of 2024, the Group recorded revenues of € 11.09 million, an increase of 7.5% compared to 1H23A, where revenues amounted to € 10.32 million. EBITDA stood at

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Research Update 23/09/2024

UPDATE – 23.09.2023

In the press release dated September 23, 2024, IDNTT, a MarTech Content Factory active in omnichannel content production, listed on the Euronext Growth Milan market and on the open market segment “Quotation Board” of

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Research Update 22/08/2024

UPDATE – 22.08.2024

On 25 June 2024, Bellini Nautica communicated the approval by the Board of Directors of the consolidated Industrial Plan of the Bellini Group for the 2024-2027 period. Over the next few years, in addition

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Research Update 18/07/2024

UPDATE – 18.07.2024

The value of production at the close of the fiscal year FY23A stands at €3.07 million, essentially in line with the previous year’s result of €3.12 million. EBITDA as of December 31, 2023, amounts

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Research Update 12/07/2024

UPDATE – 12.07.2024

On June 11, 2024, Circle announced that its Board of Directors had approved the 2024-2027 Strategic Roadmap, “Connect 4 Agile Growth.” This initiative aims to integrate cutting-edge IT product development with federated services to

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Research Update 26/06/2024

UPDATE – 26.06.2024

In the Consolidated Financial Statements as of December 31, 2023, SolidWorld Group recorded net sales revenues of € 61.98 million, up 7.3% on the result at the end of 2022 (equal to € 57.75

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Research Update 30/05/2024

BREAKING NEWS – 30.05.2024

In the press release of May 28, 2024, Doxee SpA – a leading high-tech multinational company offering products in the areas of CCM (Customer Communications Management), Digital Customer Experience and Paperless, announced that the

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Research Update 23/05/2024

UPDATE – 23.05.2024

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 22/05/2024

UPDATE 21.05.2024

The value of production came in at € 18.87 million, compared to € 16.46 million recorded at the end of 2022, and to our previous report’s estimated of € 18.95 million. EBITDA, at the

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Research Update 15/05/2024

UPDATE – 15.05.2024

Revenues amount to € 25.84 million, an increase compared to the restated result of € 23.82 million for the previous fiscal year. EBITDA, amounting to € -0.20 million, shows a decrease compared to €

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Research Update 6/05/2024

UPDATE – 06.05.2024

Revenues amounted to € 61.68 million, compared to € 39.41 million recorded at the end of 2022 (up 56.5%) for FAE Technology alone, and a consolidated figure of € 60.72 million. The FY23A figure

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Research Update 26/04/2024

UPDATE – 26.04.2024

The value of production at the end of FY23A came in at € 3.32 million, an increase of 6.4% compared to the previous year’s result of € 3.12 million. EBITDA amounted to € 1.25

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Research Update 26/04/2024

UPDATE – 26.04.2024

The Company’s revenues at the end of FY23A stood at € 6.77 million, marking a growth of 21.6% compared to the figure of € 5.57 million for FY22A, and in line with our estimate

- Riferimento
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Research Update 26/04/2024

UPDATE – 26.04.2024

The value of production amounted to € 32.71 million, marking a growth of 13.5% compared to the € 28.83 million recorded in the 2022 pro-forma financial statements, and slightly down on the € 36.25

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Research Update 24/04/2024

UPDATE – 24.04.2024

In a press release of April 16, 2024, Redelfi, the head of the Genoa-based industrial group of the same name committed to the development of innovative and sustainable infrastructure to facilitate the energy transition,

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Research Update 24/04/2024

UPDATE – 24.04.2024

During the year, the Group recorded revenues of € 59.17 million, marking a 13.4% increase compared to the previous year’s result of € 51.19 million. The EBITDA for the period was € 7.66 million,

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Research Update 24/04/2024

UPDATE – 24.04.2024

FY23A sales revenues amounted to € 29.60 million, up 9.9% compared to € 26.94 million in FY22A. After other revenues of € 0.29 million, the value of production saw a similar growth of 10.6%,

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Research Update 22/04/2024

UPDATE – 22.04.2023

Consolidated revenues amounted to € 19.31 million, compared to € 9.91 million recorded at the end of 2022 (up 94.9%), though slightly lower than the value estimated in our previous report of € 20.60

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Research Update 22/04/2024

UPDATE – 22.04.2024

At the close of the financial year FY23A, the value of production amounted to € 10.52 million, slightly down (-0.6%) on the result recorded for the previous year, equal to € 10.58 million. EBITDA

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Research Update 19/04/2024

UPDATE – 19.04.2024

For FY23A, the Group recorded a value of production of € 55.44 million, marking a growth of 97.6% compared to the FY22A figure of € 28.06 million. EBITDA came in at € -0.05 million,

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Research Update 19/04/2024

UPDATE – 19.04.2024

The production value as of December 31, 2023, amounted to € 9.49 million, marking a decrease of 74.9% compared to the figure of the previous year, equal to € 37.80 million, but substantially in

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Research Update 18/04/2024

UPDATE – 18.04.2024

In the 2023 annual report, the Group closed the fiscal year with revenue of €2.58 million. This result is lowen than €4.45 million recorded in FY22A and below our previous report’s estimates. This is

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Research Update 18/04/2024

UPDATE – 18.04.2024

The value of production amounted to € 19.48 million, up from € 15.84 million at the end of 2022 and the € 18.90 million estimated in our previous report. EBITDA, equal to € 3.35 million,

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Research Update 18/04/2024

UPDATE – 18.04.2024

The value of production amounted to € 34.54 million, marking a decrease of 13.8% compared to the € 40.04 million reported in the 2022 financial statements, and essentially consistent with the € 34.50 million estimated

- Riferimento
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Research Update 17/04/2024

UPDATE – 17.04.2024

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 17/04/2024

UPDATE – 17.04.2024

In the consolidated financial statement as of December 31, 2023, Palingeo recorded revenues of €58.50 million, a 14.7% increase compared to the € 51.02 million from the previous fiscal year. The EBITDA for the

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Research Update 16/04/2024

UPDATE – 16.04.2024

Pozzi Milano, in its financial statements as of December 31, 2023, reported sales revenues from finished products of € 18.79 million, substantially in line, net of a small decline (-12.7%), with the turnover of

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Research Update 16/04/2024

UPDATE – 16.04.2024

In the consolidated financial statements as of December 31, 2023, NVP reported revenues of € 27.48 million, marking a growth of 57.9% compared to € 17.41 million in FY22A, and exceeding the estimate of

- Riferimento
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Research Update 16/04/2024

UPDATE – 16.04.2024

At the end of the FY23A financial year, the Group had achieved revenues of € 19.78 million, marking an 8.2% decline from the € 21.54 million recorded for the previous period. EBITDA, at €