{"id":20690,"date":"2023-11-07T08:26:02","date_gmt":"2023-11-07T07:26:02","guid":{"rendered":"https:\/\/integrae.it\/?p=20690"},"modified":"2023-11-07T08:26:05","modified_gmt":"2023-11-07T07:26:05","slug":"breaking-news-07-11-2023","status":"publish","type":"post","link":"https:\/\/integrae.it\/en\/research\/breaking-news-07-11-2023\/","title":{"rendered":"BREAKING NEWS &#8211; 07.11.2023"},"content":{"rendered":"\n<p>In a press release of November 6, 2023, Saccheria F.lli Franceschetti SpA, a leading Italian company in industrial propylene raffia fabric packaging, listed on the Euronext Growth Milan (EGM) market, reported that as of September 30, 2023, unaudited operating revenues amounted to \u20ac 13.50 million (\u20ac 17.50 million in the same period of the year 2022). The contraction in revenues, without a corresponding reduction in sales volumes, was accompanied by a significant reduction in raw material and transportation costs compared to the first 9 months of 2022. This made it possible to apply price reductions on some product lines, consequently reducing the revenue figure with similar volumes. However, it was possible to maintain good levels of profitability.<br>It should be noted that the Company serves as a substitute for collection on behalf of CONAI, whose revenues and costs in the income statement offset respectively. Net of the effect of this contribution, it should be noted that as of September 30, 2023, the Company recorded revenues of \u20ac 13.40 million, compared to \u20ac 17.20 million as of September 30, 2022.<br><br>By analyzing the trend of revenues with reference to the main product categories (both commercialized and manufactured), it can be noted that:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Big bags generated revenues of \u20ac 10.00 million, down from \u20ac 11.60 million as of September 30, 2022;<\/li><li>Fertilizer bags generated revenues of \u20ac 0.90 million, marking a decrease compared to \u20ac 1.50 million in the equivalent period of 2022;<\/li><li>Small bags, finally, recorded revenues of \u20ac 1.00 million (\u20ac 1.70 million in Q3 2022).<\/li><\/ul>\n\n\n\n<p>It also emerges that there is double-digit growth in the proprietary e-commerce channel, which shows an increase of 28.0 % over September 30, 2022.<br><br>Finally, the Company, in line with its statement of October 19 concerning the achievement of UNI\/PdR 125 certification on gender equality, announced that it has begun the process of preparing its first Sustainability Report for 2023, which will be made public during 2024. The aforementioned report will be prepared on a voluntary basis, following the Global Reporting Initiative (GRI Standards), with the assistance of EY SpA regarding non-financial activities.<br><br>What has been communicated reinforces our positive view on the security. Therefore, <strong>we confirm our estimates: BUY rating, Target Price \u20ac 3.05 and risk MEDIUM.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a press release of November 6, 2023, Saccheria F.lli Franceschetti SpA, a leading Italian company in industrial propylene raffia fabric packaging, listed on the Euronext Growth Milan (EGM) market, reported that as of<\/p>\n","protected":false},"author":5,"featured_media":17425,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-ricerche.php","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[240,252],"tags":[268],"class_list":["post-20690","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-research","category-breaking-news-en","tag-saccheria-franceschetti-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BREAKING NEWS - 07.11.2023 - 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\/breaking-news-07-11-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BREAKING NEWS - 07.11.2023 - integrae.it \u2013 Financial Boutique\" \/>\n<meta property=\"og:description\" content=\"In a press release of November 6, 2023, Saccheria F.lli Franceschetti SpA, a leading Italian company in industrial propylene raffia fabric packaging, listed on the Euronext Growth Milan (EGM) market, reported that as of\" \/>\n<meta property=\"og:url\" content=\"https:\/\/integrae.it\/en\/research\/breaking-news-07-11-2023\/\" \/>\n<meta property=\"og:site_name\" content=\"integrae.it \u2013 Financial Boutique\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-07T07:26:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-07T07:26:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/integrae.it\/wp-content\/uploads\/2022\/12\/Saccheria-Franceschetti-Logo.png\" \/>\n\t<meta property=\"og:image:width\" content=\"400\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\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":"BREAKING NEWS - 07.11.2023 - 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\/breaking-news-07-11-2023\/","og_locale":"en_US","og_type":"article","og_title":"BREAKING NEWS - 07.11.2023 - integrae.it \u2013 Financial Boutique","og_description":"In a press release of November 6, 2023, Saccheria F.lli Franceschetti SpA, a leading Italian company in industrial propylene raffia fabric packaging, listed on the Euronext Growth Milan (EGM) market, reported that as of","og_url":"https:\/\/integrae.it\/en\/research\/breaking-news-07-11-2023\/","og_site_name":"integrae.it \u2013 Financial Boutique","article_published_time":"2023-11-07T07:26:02+00:00","article_modified_time":"2023-11-07T07:26:05+00:00","og_image":[{"width":400,"height":400,"url":"https:\/\/integrae.it\/wp-content\/uploads\/2022\/12\/Saccheria-Franceschetti-Logo.png","type":"image\/png"}],"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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