Fervi S.p.A.

Equities

FVI

IT0005325912

Industrial Machinery & Equipment

Real-time Borsa Italiana Other stock markets 11:44:59 2024-04-26 am EDT			5-day change	1st Jan Change
17.5 ^EUR	0.00%		+0.57%	-1.69%

Apr. 24	Mib cautiously active; STM uptrend continues.	AN
Apr. 24	Fervi, revenues live down in first quarter; NFP improves	AN

Fervi reports record quarterly revenues as of March 31

April 28, 2023 at 06:10 am EDT

(Alliance News) - Fervi Spa reported Friday that in the first quarter of 2023 it reported revenue growth to EUR15.1 million from EUR14.7 million in the same period of the year 2022, an increase of about 2.8 percent and marking an all-time record in consolidated revenue for the period.

The Consolidated Net Financial Position is negative by approximately EUR10.7 million, an improvement of EUR500,000 from the figure as of December 31, 2022.

Commenting on the performance, group chairman Roberto Tunioli said, "We are satisfied with the performance of the first quarter, which confirms a consolidated growth trend despite macroeconomic and geopolitical tensions that have probably not yet fully manifested their effects."

Fervi's stock is unchanged at EUR15.30 per share.

By Chiara Bruschi, Alliance News reporter

Comments and questions to redazione@alliancenews.com

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Latest news about Fervi S.p.A.

Mib cautiously active; STM uptrend continues.	Apr. 24	AN
Fervi, revenues live down in first quarter; NFP improves	Apr. 24	AN
Mib rises; A2A on fifth bullish session in a row.	Apr. 23	AN
Stock markets in green; Italian deficit increases	Apr. 23	AN
Futures up; wait for Eurozone PMI	Apr. 23	AN
Mib bearish; DiaSorin closes ahead of all	Apr. 22	AN
ITALY GROWTH WINNERS & LOSERS: FUM bullish; Plants at new low	Apr. 22	AN
Fervi S.p.A. Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 23	CI
Fervi raises dividend after 2023 profit growth	Mar. 22	AN
Mib below 34,300; Cucinelli at tail end	Mar. 22	AN
Futures down; Japan inflation accelerates	Mar. 22	AN
Mib rises to 34,300; FinecoBank to third bullish	Mar. 21	AN
Stock indexes bullish; Leonardo continues on top	Mar. 14	AN
Fervi ends fourth quarter with unchanged revenues; NFP improves	Jan. 30	AN
Stock exchanges up except Frankfurt ahead of GDP data	Jan. 30	AN
Futures up before Italy and Eurozone macro	Jan. 30	AN
Milan in the red; Iveco resists declines	Jan. 29	AN
Mib positive but slowing down; luxury good	Dec. 28	AN
ITALY GROWTH WINNERS & LOSERS: ErreDue up; Caribbean Company down.	Dec. 27	AN
ITALY GROWTH WINNERS & LOSERS: Plants advances; ICC closes the list.	Dec. 20	AN
Fervi, revenues in line with 2022 at end of third quarter	23-10-26	AN
Fervi, revenues and profits remain almost unchanged in the first half of the year	23-09-28	AN
Fervi S.p.A. Reports Earnings Results for the Half Year Ended June 30, 2023	23-09-28	CI
Fervi, half-year revenues remain stable; NFP improves	23-07-27	AN
Fervi, Marcello Petrucci no longer general manager	23-06-30	AN

Chart Fervi S.p.A.

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Company Profile

Fervi SpA is an Italy-based company, which serves as a commercial and industrial equipment supplier. The Company operates over 4000 stores and offers approximately 6000 Fervi brand references. Its product portfolio includes Machinery, which encompasses lifting and handling, machinery for finishing, presses and hydraulic pumps; Machinery accessories, which includes tools for turning and milling, tools posts and tools holders and machine vices; Abrasives, which includes abrasive belts, abrasive wheels, cutting wheels and wire brushes; Consumables, which includes drills and hole saws, taps and dies, sprays and greaser guns; Measure, which includes measuring tools, micrometers, scales, analogic and digital meters; Hardware, which includes cutting tools, pliers, hammers, files and chisels, and General tools, which includes generators, heaters, lightning and lenses, pneumatic and hydrocarbon accessories, among others.

Sector

Industrial Machinery & Equipment

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Ratings for Fervi S.p.A.

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Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

17.5 EUR

Average target price

24.8 EUR

Spread / Average Target

+41.71%

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Annual profits - Rate of surprise

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Sector Industrial Machinery & Equipment Wholesale

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