(Alliance News) - Piazza Affari is expected to open Tuesday's session down, in line with futures trends on other European listings, on a particularly eventful day from a macro perspective, with Eurozone Gross Domestic Product coming in mid-morning.

The FTSE Mib is given down 77.5 points or 0.3 percent after giving up 0.4 percent to 27,245.46 at Monday's close.

In Europe, London's FTSE 100 is given down 10.3 points or 0.1 percent, Paris' CAC 40 is expected down 13.1 points or 0.2 percent and Frankfurt's DAX 40 is expected down 14.5 points or 0.1 percent.

In Milan last night, Mid-Cap closed up fractionally at 43,189.74, Small-Cap gave up 0.5 percent to 28,060.51 and Italy Growth closed down 0.2 percent to 9,115.05.

On the Mib, Recordati closed at the top, up 4.1 percent. The company closed the first quarter with a net profit of EUR124.0 million as a percentage of revenues of 23 percent. This shows a 28% increase over the same period last year. Consolidated net revenues in the first quarter of 2023 amounted to EUR551.4 million, up 32 percent from the first quarter of the previous year.

ERG rose 1.7 percent to EUR27.82. The board of directors on Thursday evening approved the consolidated results for the first quarter, which ended with a group net income of EUR76 million, down from EUR388 million in the first quarter of 2022.

Terna - down 0.6 percent - reported that it has signed an ESG-linked revolving credit facility for a total amount of EUR1.8 billion, aimed at refinancing the ESG revolving credit facility signed in 2019 worth EUR1.5 billion.

Pirelli, on the other hand, gave up 2.2 percent after a 3.3 percent rise in the previous session.

Interpump, on the other hand, contracted 1.7 percent despite good first-quarter numbers. The company announced Monday that its board of directors approved results as of March 31, 2023, reporting profit up to EUR86.0 million from EUR66.1 million. Revenues also rose to EUR592.3 million from EUR488.7 million in the first quarter of 2022. Detailing the group's operating segments, the Oil division grew by 22 percent while the Water division grew by about 18 percent.

It lost 0.3 percent Eni, which announced Monday that it plans to place new four- and 10-year fixed-rate bonds today as part of its EMTN program. The bond issues-which are expected to be listed in Luxembourg-are taking place in execution of a resolution passed by the board of directors on April 7, 2022, and are aimed at financing Eni's future needs and maintaining a balanced financial structure, the company explained.

On the Mid-Cap, doValue gave up 9.7 percent to EUR4.02 per share, closing for the sixth session in a row on the bearish side.

The board of directors of GVS -- down 9.3 percent -- approved the interim report as of March 31, 2023, reporting revenues up 28 percent to EUR104.0 million from EUR81.1 million in the first quarter of 2022, thanks to the contribution of the latest acquisitions made during the previous year of the STT and Haemotronic groups. Net income amounted to EUR2.5 million from EUR13.0 million in the same period of 2022.

LU-VE, on the other hand, lost 6.0 percent. It reported Friday that it reported first quarter sales of EUR151.4 million, up 3.9 percent from EUR148.8 million as of March 31, 2022. Profit was EUR6.8 million from EUR21.4 million as of March 31, 2022.

MARR is up more than 12 percent. On Friday, it announced that in the first quarter of the year it reported total consolidated revenues of EUR426.6 million, up from EUR325.8 million as of March 31, 2022. Profit stood at EUR1.5 million from a loss of EUR2.9 million in 2022.

Cembre gained more than 13 percent, benefiting from good numbers for the first quarter. The company reported a profit of EUR10.9 million up 32 percent from EUR8.2 million in Q1 2023. Sales revenues amounted to EUR57.8 million up 19% from EUR48.6 million in Q1 2022.

On the Small-Cap side, Gabetti contracted by more than 11 percent after disappointing numbers in the first three months of the year. The company approved interim results as of March 31, 2023, reporting operating revenues of EUR26.4 million down 38 percent from EUR42.7 million in the same period last year, due to the regulatory change on tax incentives affecting Gabetti Lab's redevelopment-related revenues. The group's gross loss amounted to EUR65,000 from a profit of EUR2.3 million in the first quarter of 2022.

Landi Renzo gave up 6.2 percent after announcing that it approved results as of March 31, having reported consolidated revenues of EUR71.1 million, up 6.4 percent from EUR66.9 million in the same period last year. The company worsens its first quarter loss to EUR9.9 million from a loss of EUR3.1 million as of March 31, 2022.

Among SMEs, purchases on Altea Green Power, which took home 6.5 percent to EUR3.44 per share.

OSAI Automation System - up 3.8 percent - reported that it has acquired from an established multinational client, a strategic industrial player in the automotive sector, the contract for a significant project worth a total of EUR6.8 million for an assembly and testing line destined for a leading European carmaker.

Renergetica gave up 3.3 percent after announcing Thursday that it approved results for the year ended Dec. 31, 2022, which reported a net profit of EUR2.5 million from EUR2.7 million a year earlier and a value of production of EUR10.9 million from EUR11.9 million in 2021.

In Asia, the Nikkei is up 0.7 percent to 29,845.05, the Shanghai Composite is down 0.6 percent to 3,290.25 and the Hang Seng is down 0.2 percent to 19,932.21.

In New York last night, the Dow fell 0.1 percent to 33,348.60, the Nasdaq rose 0.7 percent to 12,365.21 and the S&P 500 is up 0.3 percent to 4,136.28.

Among currencies, the euro changed hands at USD1.0870 against USD1.0874 at Monday's close. In contrast, the pound is worth USD1.2495 from USD1.2523 last night.

Among commodities, Brent crude is worth USD75.41 per barrel, unchanged from Monday evening. Gold, on the other hand, trades at USD2,016.57 an ounce from USD2,017.44 an ounce at Monday's European equities close.

On Tuesday's macroeconomic calendar, at 1000 CEST, the Italian inflation figure is due, while an hour later, from the Eurozone, comes GDP and trade balance.

At 1430 CEST, from the US, retail sales are released while at 1515 CEST the figure from industrial production is due, followed 45 minutes later by manufacturing production.

At 1600 CEST, a speech by ECB President Christine Lagarde is scheduled, while, at 2230 CEST, from the U.S., the weekly oil stocks figure will arrive.

Among the companies in the Square Business, the results of Beewize, Circle, and Innovatec are expected.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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