Fenix Entertainment
On 12 August 2020, Fenix Entertainment 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 14 August 2020.
Integrae SIM acted as the Nomad of the Issuer.
The admission of Fenix Entertainment took place following the placement in Capital Increase of a total of 377,500 shares, at an offer price of 4 euros per share, for a total equivalent value of 1.51 million euros. The capitalization concerning the offer price is equal to Euro 9.51 million, and Euro 11.3 million at the end of the first day of negotiating.
The enterprise. Fenix Entertainment has started the activity through co-productions of films and musical productions of quality works and artists, winners of awards at the Festivals, and a source of accreditation and strengthening the visibility of the brand. The start of the autonomous production activity took place in 2019, both in the cinema (with “Burraco Fatale”, distributed in 2020), and in TV programs (“That’s Amore”, broadcast in 2019 by Rai3). The distinctive feature of Fenix is its presence throughout the value chain, both in the cinema-television and music sectors: from the choice of subjects to a screenplay, from production, co-production, and post-production, up to distribution.
Ultima Ricerca Fenix Entertainment
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. |
