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Pozzi\u2019s activity is based on the development of trendy solutions in the world of tableware fashion; by making available the creativity of its resources, the Company brings to life collections of plates, cutlery, napkins, tablecloths, serving dishes and various types of items brought together by the same decorative theme. The continuous production of new collections makes it possible to be always requested by the customers, be strategic for the renewal of the offer on all distribution channels and to differentiate from competitors, ensuring the international success of the brand.&nbsp;<\/p>\n\n\n\n<p>The Group operates in the Tableware industry.The target market encompassing the entire Tableware segment has a size of more than \u20ac 45 Billion globally in 2021. According to \u201cTransparency Market Research \u2013 2021\u201d, the Ceramicware segment is expected to expand at a CAGR of 6,7% in 2031, driven by increased interest in home cooking and social dining. Moreover, key factors for market expansion according to \u201cGrand View Research \u2013 2019\u201d, are the expansion of the e-commerce industry, rising disposable income, and increased product R&amp;D, as well as the post-Covid-19 lifestyle change.<\/p>\n\n\n\n<p>Given the lack of comparable companies with G.M. Leather, we conducted the valuation of the Company&#8217;s equity value based solely on the DCF methodology. The equity value resulting from the application of the DCF method (which in the calculation of the WACC also includes a specific risk of 2.5% for prudential purposes) is \u20ac 51.0 million. <strong>Therefore, the target price is equal to \u20ac 1.50, rating BUY, risk MEDIUM.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pozzi Milano SpA, is an Italian Company based in Monticelli Brusati (BS) that operates in the market of tableware and homeware products, in the creation and distribution of medium-high level themed Tableware collections and<\/p>\n","protected":false},"author":5,"featured_media":12262,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-ricerche.php","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[240,241],"tags":[165],"class_list":["post-13615","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-research","category-initiation-of-coverage-en","tag-pozzi-milano-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Initiation of Coverage - 22.07.2022 - integrae.it \u2013 Financial Boutique<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/integrae.it\/en\/research\/initiation-of-coverage-en\/initiation-of-coverage-22-07-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Initiation of Coverage - 22.07.2022 - integrae.it \u2013 Financial Boutique\" \/>\n<meta property=\"og:description\" content=\"Pozzi Milano SpA, is an Italian Company based in Monticelli Brusati (BS) that operates in the market of tableware and homeware products, in the creation and distribution of medium-high level themed Tableware collections and\" \/>\n<meta property=\"og:url\" content=\"https:\/\/integrae.it\/en\/research\/initiation-of-coverage-en\/initiation-of-coverage-22-07-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"integrae.it \u2013 Financial Boutique\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-08T12:23:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-12T08:00:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/integrae.it\/wp-content\/uploads\/2022\/07\/logospa-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1811\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"amministratore integrae\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Initiation of Coverage - 22.07.2022 - integrae.it \u2013 Financial Boutique","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/integrae.it\/en\/research\/initiation-of-coverage-en\/initiation-of-coverage-22-07-2022\/","og_locale":"en_US","og_type":"article","og_title":"Initiation of Coverage - 22.07.2022 - integrae.it \u2013 Financial Boutique","og_description":"Pozzi Milano SpA, is an Italian Company based in Monticelli Brusati (BS) that operates in the market of tableware and homeware products, in the creation and distribution of medium-high level themed Tableware collections and","og_url":"https:\/\/integrae.it\/en\/research\/initiation-of-coverage-en\/initiation-of-coverage-22-07-2022\/","og_site_name":"integrae.it \u2013 Financial Boutique","article_published_time":"2022-12-08T12:23:38+00:00","article_modified_time":"2023-01-12T08:00:06+00:00","og_image":[{"width":2560,"height":1811,"url":"https:\/\/integrae.it\/wp-content\/uploads\/2022\/07\/logospa-scaled.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Written by":"amministratore integrae","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/integrae.it\/en\/#website","url":"https:\/\/integrae.it\/en\/","name":"integrae.it \u2013 Financial Boutique","description":"CORPORATE FINANCE EQUITY RESEARCH EQUITY SALES &amp; 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