Fabilia Group
On 7 August 2020, Fabilia Group S.p.A. obtained admission to negotiate ordinary shares on AIM Italia, a multilateral negotiations system organized and managed by Borsa Italiana. Negotiations began on 11 August 2020.
Integrae SIM acted as Nomad, Global Coordinator, and Issuer Specialist.
The admission to the listing took place following the placement of 1,080,000 newly issued ordinary shares. The unit price of the shares resulting from the placement was set at Euro 1.60; based on this price, a market capitalization equal to Euro 9.7 million is expected.
The total equivalent of the resources raised through the transaction, entirely in the capital increase, amounts to Euro 1.7 million
The enterprise. Fabilia, founded in Milano Marittima in 2013, is the Italian leader of holidays dedicated to families with children from 0 to 16 years. The Company, which has a total of 10 hotels and resorts, including 8 at sea and 2 in the mountains, bases its business model on the “Only family with kids” format, which includes a “Free Drink & Food H24” All Inclusive Experience Format designed and registered by Fabilia®. The Group has progressively standardized and industrialized its offer: to date, all the structures are made up of 3 and 4-star hotels with several rooms ranging from 50 to 150 and indoor and outdoor spaces that include play areas (at least over 200 square meters), swimming pool, private beach, park area, outdoor sports equipment, and recreational activities.
Ultima Ricerca Fabilia Group
UPDATE| Borgosesia reported results in line with the Business Plan, confirming a stable operating model and high profitability. Consolidated revenues amounted to €14.43 million, supported by real estate sales and income from repossession strategy receivables. Gross operating profit stood at €9.61 million, undergoing physiological normalization but still accounting for more than 50.0% of revenues, while EBITDA amounted to €7.29 million (margin of 52.5%) with net income of €2.08 million. On the strategic front, tangible progress has been made: the growth in AUM to €133.00 million (compared to €79.00 million at December 31, 2024) confirms the progress of the third-party management model, despite a natural phase of building fundraising capacity in a highly competitive market. Finally, disposals and collections during the period contributed to the improvement in Adj. NFP to €85.02 million, freeing up resources and strengthening the financial structure. Overall, the half-year shows concrete progress in the transformation process and lays a solid foundation for the expansion of recurring and asset-light activities. Considering the performance in the first half of the year and the Company’s recent announcements, we see no reason to update the forecasts made in the previous report. We expect FY25E production value to be €25.50 million with EBITDA of €12.50 million, corresponding to a margin of 49.0%, and growth in production value to €32.7 million (CAGR 24A-27E: 10.1%) in FY27E, with EBITDA of €19.00 million and a margin of 58.1%. We confirm our target price of €2.50, BUY rating, and MEDIUM risk. |
