| 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) market, announced that its total order backlog related to the client Gruppo Poste Italiane SpA, with delivery scheduled for 1H25E, amounts to €0.86 million. These orders are part of two significant tenders recently secured by the company, further reinforcing its role as a strategic partner of Gruppo Poste Italiane. The first tender concerns the supply and delivery of postal sacks for correspondence shipment to Postel SpA, a subsidiary of the group, with a total value of €2.50 million, as announced in the press release dated April 11, 2023. The second lot involves the supply of MPKS sacks for Poste Italiane SpA under a contract valued at approximately €0.50 million, with a two-year duration. This award, disclosed to the market on June 7, 2024, highlights the importance of the collaboration with Poste Italiane and the company’s contribution to modernizing its operational infrastructure. Luigi Wilmo Franceschetti, Chairman, and Luisa Franceschetti, CEO of Saccheria F.lli Franceschetti, commented: “In this period of uncertainty, with less-than-optimistic future outlooks, we are pleased to share this excellent news. For the 2025 financial year, the company has secured a substantial order backlog with an outstanding partner like Gruppo Poste Italiane. These orders pertain to the tenders won during 2023 and 2024, which we have previously communicated through official channels.” In light of this announcement, we confirm our recommendation: BUY rating, Target Price of €2.30, and a MEDIUM risk profile. |