Modelleria Brambilla
On 03 December 2014 Modelleria Brambilla was admitted to listing on the AIM Italia market by Borsa Italiana. Integræ SIM is a Nomad and Global Coordinator of the operation. The total collection from IPO was equal to € 3 million, of which €1.5 million was dedicated to the Capital Increase and €1.5 million to the issuance of a Convertible Loan Capital.
The placement price is equal to € 2.5.
The enterprise. Modelleria Brambilla, based in Correggio (RE), with a strong international vocation (80% of turnover achieved abroad), is one of the most important companies in the field of precision components for the automotive industry. Founded in 1951 by Eugenio Brambilla and developed in the Sixties by his sons Aldo and Giancarlo, the Company manufactures and markets equipment for the production of cylinder heads, engine crankshafts, gearboxes, manifolds, and other complex jets for commercial and industrial motor vehicles. The important resources dedicated to research and technological innovation, together with the study of design and design carried out with the client, have allowed Modelleria Brambilla to become a reference partner and strategic supplier, through the foundries, of the most important car manufacturers worldwide (BMW, Ferrari, Volkswagen, Ford, GM, Chrysler).
Ultima Ricerca Modelleria Brambilla
UPDATE| On June 15, 2026, Doxee announced the approval of its 2026–2028 Business Plan, marking the beginning of a new phase of consolidation and organic growth following the turnaround and integration process achieved through the O³ Strategy. The Plan aims to strengthen the Company’s positioning as a European cloud-sovereign technology vendor for regulated large enterprises, leveraging the scalability of the Doxee Platform® and the evolution of its offering towards integrated, personalized, and compliant solutions. The proprietary platform remains at the core of the strategy, supporting the management of the entire digital communication lifecycle and customers’ mission-critical processes. In this context, artificial intelligence acts as a technological accelerator, enabling controlled and agent-native forms of automation. The Plan also envisages an extension of the core business into adjacent areas, a continued focus on regulated industries, and geographic expansion concentrated on Italy, the DACH region, and France. Following the approval of the 2026–2028 Business Plan, we have revised our estimates for both the current year and the medium term. Specifically, we forecast FY26E Value of Production of € 36.50 million and EBITDA of € 7.00 million, corresponding to an EBITDA margin of 19.2%. Looking ahead, we expect Value of Production to increase to € 49.00 million by FY28E (FY25A–FY28E CAGR of 13.0%), with EBITDA reaching € 13.60 million (corresponding to a 27.8% EBITDA margin), compared to € 6.27 million in FY25A (18.5% EBITDA margin). From a balance sheet perspective, we estimate a net debt position of € 4.04 million by FY28E. We evaluated Doxee’s equity value using both the DCF method and peer group multiples. The DCF method (including a 2.50% company-specific risk in the WACC as a conservative measure) results in an equity value of € 77.2 million. The equity value based on market multiples is € 80.4 million. The average equity value stands at approximately € 78.8 million. The target price is € 6.80, with a BUY rating and MEDIUM risk profile. |
