(Alliance News) - Piazza Affari is indicated to be up before the start of trading on Monday, in what will be the last day packed with quarterly reports for the Milanese trading hub.

The FTSE Mib is given up 107.5 points or 0.4 percent after closing up 0.9 percent at 27,347.32 Friday evening.

In Europe, London's FTSE 100 is indicated up 23.5 points or 0.3 percent, Paris' CAC 40 is expected to rise 28.3 points or 0.4 percent, and Frankfurt's DAX 40 is expected to rise 35.0 points or 0.2 percent.

On Friday, among the smaller listings, the Mid-Cap closed up 0.4 percent to 43,179.03, the Small-Cap gave up 0.4 percent to 28,191.28 while Italy Growth rose 0.4 percent to 9,132.27.

On the Mib, ERG's board of directors on Thursday evening approved consolidated results for the first quarter, which closed with a group net profit of EUR76 million, down from EUR388 million in the first quarter of 2022. The stock closed Friday in the red by 0.4 percent.

Unipol -- up 0.4 percent -- reported Friday that it closed the first quarter with a profit up to EUR284 million from EUR161 million in the same period a year earlier.

In contrast, net income for the first quarter of 2022, calculated using other IFFRS 4 and IAS 39 parameters, was EUR246 million.

Enel closed up 0.2 percent after announcing Friday that the board of directors had appointed Flavio Cattaneo as the company's CEO and general manager.

At the top were Leonardo and Pirelli, up 4.0 percent and 3.2 percent, respectively.

On the cadet segment, Webuild gained 1.9%. The company, in consortium with the Ghella and Pizzarotti groups, on Friday won two new contracts totaling EUR3.7 billion for the development of sustainable mobility in southern Italy.

MARR closed in the red by 0.6 percent. On Friday, it announced that it reported total consolidated revenues of EUR426.6 million in the first quarter of the year, 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.

Buzzi Unicem closed up 0.2 percent. The company reported that as of March 31, revenues amounted to EUR955.9 million from EUR800.1 million in the same period last year, up about 20 percent.

Iren gained 2.0 percent. On Friday, it reported that Fitch revised the company's outlook to 'Positive' from 'Satbile,' and confirmed its 'BBB' rating for both long-term creditworthiness and senior unsecured debt.

UnipolSai rose 0.4 percent after reporting Friday that it closed the first quarter with a profit up to EUR231 million from EUR118 million in the same period a year earlier.

In contrast, net income for the first quarter of 2022, calculated using other IFFRS 4 and IAS 39 parameters, was EUR203 million.

LU-VE, in the black by 3.8 percent, on Friday reported first quarter sales of EUR151.4 million, up 3.9 percent from EUR148.8 million as of March 31, 2022.

Order backlog stands at EUR218.6 million, up 16 percent from the same period in 2022.

Profit is EUR6.8 million from EUR21.4 million as of March 31, 2022.

Carel Industries closed up 1.1 percent after reporting Friday that its first quarter results showed strong growth in revenues and profits compared to the same period last year. Consolidated net income was EUR18.5 million and showed a double-digit increase -- of 13 percent -- from EUR16.4 million as of March 31, 2022. Revenues increased by 25 percent to EUR161.0 million from EUR128.9 million in the same quarter of the previous year.

The board of directors of Alerion Clean Power -- in the green by 1.9 percent -- on Friday said it had reviewed management results as of March 31, in which the company reported total revenues of EUR73.5 million, up 6.7 percent from EUR68.9 million in the first quarter of 2022.

On the Small-Cap side, the board of SAES Getters -- in the red by 0.5 percent -- approved consolidated results for the first quarter of 2023 on Friday, reporting consolidated net income of EUR5.2 million, nearly triple the EUR1.7 million in the first quarter of 2022.

Banca Sistema closed up 1.3 percent. On Friday it approved consolidated financial statements as of March 31, which closed with a net profit of EUR3.7 million, compared to EUR4.4 million for the same period in 2022. Profit before tax as of March 31, 2023 was EUR5.9 million, down 12 percent year-on-year.

Services Italy finished up 2.2 percent after approving its results to March 31, 2023 on Friday, reporting a profit of EUR2.3 million from a loss of EUR300,000 in the first quarter of 2022.

Consolidated revenues are EUR72.6 million up from EUR65.4 million in the same period of 2022.

Digital Bros sold 8.9 percent and ended up at the bottom. On Thursday, the company reported consolidated net revenues of EUR89.2 million in the first nine months, up 7.5 percent from EUR82.9 million as of March 31, 2022.

Immsi rose 1.4 percent after announcing Friday that it had improved all key indicators in the first quarter, reporting net income of EUR15.6 million as of March 31, 2023, more than doubling from EUR5.7 million in the same period in 2022.

Consolidated revenues amounted to EUR556.4 million, the highest ever for the period and up 19 percent from EUR467.1 million as of March 31, 2022.

Tessellis-the new Tiscali-reported that it ended 2022 with a net loss of EUR63 million, which compares with the previous year's negative figure of EUR35 million. The stock gave up 3.3 percent in closing.

Among SMEs, Italia Independent flew, rising 34 percent to EUR0.43 per share.

Renergetica closed 6.2 percent in the red after announcing Thursday that it had 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.

On the bottom ends Fenix Entertainment, which lost 18 percent.

In Asia, the Nikkei is up 0.8 percent to 29,612.79, the Shanghai Composite is up 0.7 percent to 3,295.95 and the Hang Seng is up 2.1 percent to 20,037.40.

In New York at Friday's close, the Dow finished just below par at 33,300.62, the Nasdaq lost 0.4 percent to 12,284.74 and the S&P 50 gave up 0.2 percent to 4,124.08.

Among currencies, the euro changed hands at USD1.0846 versus USD1.0856 at Friday's close. In contrast, the pound is worth USD1.2467 from USD1.2460 on Friday evening.

Among commodities, Brent crude is worth USD74.01 per barrel versus USD74.50 per barrel Friday night. Gold, on the other hand, trades at USD2,017.65 an ounce from USD2,016.00 an ounce at Friday's European equities close.

On Monday's macroeconomic calendar, Eurozone industrial production and EU economic forecasts will be released at 1100 CEST.

At 1430 CEST, space will be given to wholesale sales from Canada, and at 1730 CEST, U.S. Treasury bond auctions will be held.

In Piazza Affari, several quarterly results are expected including those of Esprinet, Interpump Group, Eurotech, FILA and GVS.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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