On 27th December 2023 Simone S.p.A. announces that it has received from Borsa Italiana the order for the admission of the Company’s Ordinary Shares and Warrants on “Euronext Growth Milan Pro”, a multilateral negotiations system organized and managed by Borsa Italiana. Negotiations began on 29th December 2023.
The total equivalent of the resources collected through the placement is equal to Euro 3,15 millions.
The enterprise Simone S.p.A. è una società attiva nel campo dell’editoria. È a capo dell’omonimo Gruppo che conta al suo interno sei società, Simone S.p.A., Editrice Ardea S.r.l., Dike Giuridica S.r.l., Il Gatto Verde Edizioni S.r.l., Font Cafè S.r.l. e Libri e Professioni S.r.l. e un marchio, Edizione Simone, con oltre cinquant’anni di storia.
Ultima Ricerca Simone S.p.A.
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Initiation of Coverage – 08.01.2024
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Simone SpA is an Italian company established in Naples in 2011 and operating in the publishing sector through a number of brands, including Edizioni Simone, which has over 50 years of history. Simone is also the parent company of Gruppo Simone, which has the following subsidiaries: Dike Giuridica Srl, Editrice Ardea Web Srl, Il Gatto Verde Edizioni Srl, Font Café Srl, and Libri e Professioni Srl. The Group represents an example of excellence in the Italian publishing market, and it is specialized in the publication of manuals and books for an extremely varied clientele. This clientele includes school students of all levels, as well as professionals preparing for university exams and public competitions of various kinds. The main objective of the Group is to combine the experience and expertise of it various companies, and to consolidate its positioning as a leading point of reference in the publishing sector. This is made possible by a large portfolio of proprietary content that is constantly updated by the in-house editors, as well as by a high-quality customer service.Gruppo Simone is a leading player in the Italian publishing sector. Currently the Group carries out its business exclusively in Italy, with a greater coverage in central and southern regions. In 2022, Italian publishing confirmed its leading role on the international scene, qualifying as the fourth largest market in Europe, after Germany, the United Kingdom, and France.We have conducted the valuation of Simone’s equity value based on the DCF methodology and the multiples of a sample of comparable companies. The value resulting from the application of the DCF methodology (which in the calculation of the WACC includes for prudential purposes a specific risk equal to 2.5%) is equal to € 24.6 mln, while the equity value resulting from the multiples method, applying a 25% discount, is equal to € 21.8 mln. The result is an average equity value of € 23.2 mln. The target price is € 3.10, BUY rating and MEDIUM risk.
Ultime Ricerche Simone S.p.A.
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Initiation of Coverage – 08.01.2024
Simone SpA is an Italian company established in Naples in 20...