Breaking News, Research 13 Jul 2023
BREAKING NEWS – 13.07.2023
| In a press release dated July 12th, 2023, FOPE SpA – a leading Italian goldsmith company in the high-end jewellery sector listed on the Euronext Growth Milan market – announces that it closed the first half of 2023 fiscal year producing consolidated net revenues of € 34.70 million. This result indicates a growth of € 7.00 million (+25.4%) compared to a similar figure for the first half of 2022. This growth is particularly significant when considering that both periods were not substantially affected by the actual and potential constraints caused by the pandemic emergency. Taking into account the press release, we confirm our recommendation: the target price € 41.50, BUY rating and risk MEDIUM. |