FNM BECOMES A SHAREHOLDER OF SPORTIT S.R.L., AN INNOVATIVE SME ACTIVE
WITH THE BRAND SNOWIT IN THE SALE OF SERVICES RELATED TO WINTER
SPORTS
Milan, 3 December 2021 - FNM acquires a 33.3% stake in Sportit S.r.l. ("Sportit"), a company active with the brand Snowit, the main marketplace for the integrated online sale of ski pass, services related to ski and experiences related to the world of the mountains in the main European ski resorts.
The transaction involves a total investment of 2.5 million euro.
In this way FNM becomes partner of a leading operator in the sector, which presents interesting growth opportunities by virtue of the existence of a highly fragmented market, of its ability to innovate a scarcely digitalised industry, with expected large expansion of sales, and of the opportunities that can arise also from the 2026 Winter Olympics Milano- Cortina.
The investment in Sportit is consistent with the Strategic Plan 2021-2025 and fits into the People/Community pillar, founded on the paradigm of Mobility as a Community, an enabling tool of the new digital mobility focused on the management of the mobility needs of the community. Indeed, the investment, complementary to the other platforms of the FNM Group and to the transport services offered by it, allows to propose an integrated service to people who share an interest in winter sports.
This press release is available on the Company's website at the address www.fnmgroup.it(Investor section), and on the authorised storage mechanism EMARKET STORAGE at www.emarketstorage.com.
***
For further information:
Investor Relations contacts
Media Relations contacts
Valeria Minazzi
Simone Carriero
Tel. +39 02 8511 4302
Tel. +39 02 8511 4758
e-mailvaleria.minazzi@fnmgroup.it
e-mailsimone.carriero@fnmgroup.it
Company website
www.fnmgroup.it
Attachments
Original Link
Original Document
Permalink
Disclaimer
FNM S.p.A. published this content on 03 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 December 2021 16:41:06 UTC.
FNM SpA is an Italy-based holding company primarily engaged in the provision of railway transport services. The Company structures its business into three main sectors: Holding, Railway Infrastructure Management and Road Passenger Transport. The Holding sector includes the provision of accounting services; personnel administration; support to the project development; business and legal advice; purchases, tenders and contracts management; human resources management, and communication services, among others. In the Railway Infrastructure Management sector, the Company is active in the management, maintenance and construction of facilities for railway passenger transport in the region of Lombardy, Italy. In the Road Passenger Transport sector, it provides public transport bus services in the provinces of Varese, Como and Brescia, in Italy.
This super rating is the result of a weighted average of the rankings based on the following ratings: Global Valuation (Composite), EPS Revisions (4 months), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Investor
Investor
This super composite rating is the result of a weighted average of the rankings based on the following ratings: Fundamentals (Composite), Global Valuation (Composite), EPS Revisions (1 year), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Global
Global
This composite rating is the result of an average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite), and Visibility (Composite). The company must be covered by at least 4 of these 5 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
Quality
Quality
This composite rating is the result of an average of the rankings based on the following ratings: Capital Efficiency (Composite), Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
