Solid World Group S.p.A. /06.07.2022

Ultima Ricerca Solid World Group S.p.A.

• BREAKING NEWS – 29.02.2024

  In the press release of February 26, 2024, SolidWorld Group, the Company at the head of the leading Group in digital technologies, 3D printing, 3D bio-fabrication, and state-of-the-art photovoltaic panel production lines, announced the finalization of the placement through an Accelerated Bookbuilding (ABB) of 598,125 ordinary shares, representing 3.83 % of the Group’s share capital. The operation was carried out through the shareholders Prime Srl, a company related to Roberto Rizzo, CEO and Chairman of the Group BoD, and AL.CA Srl, a company related to Marco Calini, CEO and Vice Chairman of the BoD. To carry out the operation, the lock-up bond signed with Integrae SIM on June 29, 2022, was temporarily suspended, which will be extended until December 31, 2024, on the remaining shares held by Prime Srl, AL.CA Srl and Marco Calini. The total value of the ABB operation stands at € 2.03 million, for €3.40 per share, which is thus equivalent to an 8.0 % discount compared to the closing price of February 26. Specifically, Prime Srl sold a total of 399,300 ordinary shares, corresponding to 2.6 % of the share capital, while the part sold by AL.CA Srl amounted to 198,825 shares, corresponding to 1.3% of the share capital. Following the operation, in which Integrae SIM acted as sole bookrunner, ordinary shares held by the market increased from 5,554,152 (35.5 % of the share capital) to 6,152,277 (39.4 % of the share capital). At the operational level, SolidWorld Group is also continuing apace with its development plans: in its press release of February 28, 2024, the Company announced that it has signed a major supply contract with a historic Italian manufacturer of agricultural machinery components. The order covers the supply of 3D software and the proprietary integration platform connecting the systems of the client company with the Group’s software in order to manage the entire factory in a digital way from an Industry 4.0 perspective. The order, with a total value of €0.85 million, represents the largest 3D software order in the Group’s history in the industrial sector. The contract proves the capabilities of SolidWorld Group to apply its know-how in the field of industrial software and 3D printing technologies in modern Agriculture 4.0, a fast-growing sector with a turnover of more than € 2.00 billion in 2022 (+31.0% compared to 2021). The order confirms the importance of the industrial pillar in the Group’s strategy, which is also reflected in the preliminary consolidated data, published on February 20, which highlights the crucial role of activities related to software sales and maintenance. The closing of the placement in ABB and the acquisition of this important order confirm the positive trend of the Group’s strategy and reinforce our positive view on security. While waiting to assess the 2023 fiscal year results, we confirm our recommendation: Target Price € 7.00, Rating BUY and Risk MEDIUM.

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