{"id":35416,"date":"2026-06-10T09:01:51","date_gmt":"2026-06-10T07:01:51","guid":{"rendered":"https:\/\/integrae.it\/?p=35416"},"modified":"2026-06-10T09:01:52","modified_gmt":"2026-06-10T07:01:52","slug":"update-103","status":"publish","type":"post","link":"https:\/\/integrae.it\/en\/research\/update-103\/","title":{"rendered":"UPDATE"},"content":{"rendered":"\n
At the end of FY25, the Promotica Group announced consolidated sales revenues of \u20ac 137.44 million, up 43.1% compared to \u20ac 96.04 million recorded at the end of FY24. EBITDA amounted to \u20ac 10.25 million, marking a significant increase compared to \u20ac 6.03 million in the previous financial year. EBITDA margin reached 7.5%, improving from 6.3% as of December 31st, 2024, benefiting from greater operating leverage driven by higher volumes and improved operating profitability. EBIT, amounted to \u20ac 7.00 million, compared to \u20ac 4.32 million in the previous year, with an EBIT margin of 5.1%, up from 4.5% in 2024. Net profit amounted to \u20ac 3.85 million, representing an increase of 147.1% compared to \u20ac 1.56 million as of December 31st, 2024. This performance reflects the improvement in the Group\u2019s operating results and its enhanced ability to translate business growth into net profitability.

In light of the strategic investments carried out, the progressive expansion of the customer base both in the domestic market and internationally, and the continuous strengthening of the Group\u2019s competitive positioning, we expect a further increase in business volumes over the 2026\u20132028 period. Specifically, we forecast total value of production of \u20ac 142.80 million, growing to \u20ac 175.80 million by 2028 (FY25A\u2013FY28E CAGR: 8.6%). At the same time, we estimate improving profitability, with the EBITDA margin increasing from 7.5% in the year just ended, up to 11.0% in 2028, corresponding to EBITDA of \u20ac 19.20 million in 2028. We carried out the valuation of Promotica\u2019s equity value using the DCF methodology, including a specific risk premium of 2.5%. This resulted in an equity value of \u20ac 122.8 million. Accordingly, our target price is \u20ac 7.20 per share (previously \u20ac 7.50). We confirm our BUY rating and MEDIUM risk assessment<\/strong>.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

At the end of FY25, the Promotica Group announced consolidated sales revenues of \u20ac 137.44 million, up 43.1% compared to \u20ac 96.04 million recorded at the end of FY24. EBITDA amounted to \u20ac 10.25<\/p>\n","protected":false},"author":5,"featured_media":11539,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-ricerche.php","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[240,242],"tags":[181],"class_list":["post-35416","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-research","category-update-en","tag-promotica-en"],"acf":[],"yoast_head":"\nUPDATE - 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\/update-103\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UPDATE - integrae.it \u2013 Financial Boutique\" \/>\n<meta property=\"og:description\" content=\"At the end of FY25, the Promotica Group announced consolidated sales revenues of \u20ac 137.44 million, up 43.1% compared to \u20ac 96.04 million recorded at the end of FY24. EBITDA amounted to \u20ac 10.25\" \/>\n<meta property=\"og:url\" content=\"https:\/\/integrae.it\/en\/research\/update-103\/\" \/>\n<meta property=\"og:site_name\" content=\"integrae.it \u2013 Financial Boutique\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-10T07:01:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-06-10T07:01:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/integrae.it\/wp-content\/uploads\/2021\/03\/promotica.jpg\" \/>\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\/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=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"UPDATE - 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\/update-103\/","og_locale":"en_US","og_type":"article","og_title":"UPDATE - integrae.it \u2013 Financial Boutique","og_description":"At the end of FY25, the Promotica Group announced consolidated sales revenues of \u20ac 137.44 million, up 43.1% compared to \u20ac 96.04 million recorded at the end of FY24. EBITDA amounted to \u20ac 10.25","og_url":"https:\/\/integrae.it\/en\/research\/update-103\/","og_site_name":"integrae.it \u2013 Financial Boutique","article_published_time":"2026-06-10T07:01:51+00:00","article_modified_time":"2026-06-10T07:01:52+00:00","og_image":[{"width":400,"height":400,"url":"https:\/\/integrae.it\/wp-content\/uploads\/2021\/03\/promotica.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Written by":"amministratore integrae","Est. reading time":"3 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 & TRADING","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/integrae.it\/en\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/integrae.it\/en\/research\/update-103\/#primaryimage","url":"https:\/\/integrae.it\/wp-content\/uploads\/2021\/03\/promotica.jpg","contentUrl":"https:\/\/integrae.it\/wp-content\/uploads\/2021\/03\/promotica.jpg","width":400,"height":400},{"@type":"WebPage","@id":"https:\/\/integrae.it\/en\/research\/update-103\/#webpage","url":"https:\/\/integrae.it\/en\/research\/update-103\/","name":"UPDATE - integrae.it \u2013 Financial Boutique","isPartOf":{"@id":"https:\/\/integrae.it\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/integrae.it\/en\/research\/update-103\/#primaryimage"},"datePublished":"2026-06-10T07:01:51+00:00","dateModified":"2026-06-10T07:01:52+00:00","author":{"@id":"https:\/\/integrae.it\/en\/#\/schema\/person\/ff4803b14289cbd9d1c029003956aa7e"},"breadcrumb":{"@id":"https:\/\/integrae.it\/en\/research\/update-103\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/integrae.it\/en\/research\/update-103\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/integrae.it\/en\/research\/update-103\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"UPDATE"}]},{"@type":"Person","@id":"https:\/\/integrae.it\/en\/#\/schema\/person\/ff4803b14289cbd9d1c029003956aa7e","name":"amministratore integrae","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/integrae.it\/en\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/8bfcd102ed022191bffee6f9b0482ddd?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/8bfcd102ed022191bffee6f9b0482ddd?s=96&d=mm&r=g","caption":"amministratore integrae"},"sameAs":["https:\/\/www.integrae.it"],"url":"https:\/\/integrae.it\/en\/author\/amministratore_integrae\/"}]}},"_links":{"self":[{"href":"https:\/\/integrae.it\/en\/wp-json\/wp\/v2\/posts\/35416","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/integrae.it\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/integrae.it\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/integrae.it\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/integrae.it\/en\/wp-json\/wp\/v2\/comments?post=35416"}],"version-history":[{"count":1,"href":"https:\/\/integrae.it\/en\/wp-json\/wp\/v2\/posts\/35416\/revisions"}],"predecessor-version":[{"id":35417,"href":"https:\/\/integrae.it\/en\/wp-json\/wp\/v2\/posts\/35416\/revisions\/35417"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/integrae.it\/en\/wp-json\/wp\/v2\/media\/11539"}],"wp:attachment":[{"href":"https:\/\/integrae.it\/en\/wp-json\/wp\/v2\/media?parent=35416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/integrae.it\/en\/wp-json\/wp\/v2\/categories?post=35416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/integrae.it\/en\/wp-json\/wp\/v2\/tags?post=35416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}