Market Closed -
Borsa Italiana
11:45:00 2025-02-07 am EST
|
5-day change
|
1st Jan Change
|
29.35 EUR
|
+0.55%
|
|
-3.01%
|
+13.19%
|
 Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
13,784
|
13,410
|
14,135
|
14,713
|
15,291
|
17,139
|
18,220
|
19,144
|
Change
|
-
|
-2.71%
|
5.41%
|
4.09%
|
3.93%
|
12.08%
|
6.31%
|
5.07%
|
EBITDA
1 |
1,817
|
1,458
|
1,626
|
1,763
|
1,883
|
2,015
|
2,250
|
2,462
|
Change
|
-
|
-19.76%
|
11.52%
|
8.43%
|
6.81%
|
6.99%
|
11.7%
|
9.4%
|
EBIT
1 |
1,251
|
938
|
1,123
|
1,218
|
1,289
|
1,427
|
1,644
|
1,860
|
Change
|
-
|
-25.02%
|
19.72%
|
8.46%
|
5.83%
|
10.68%
|
15.24%
|
13.11%
|
Interest Paid
1 |
-284
|
-264
|
-158
|
-120
|
-255
|
-202.9
|
-193.9
|
-185.4
|
Earnings before Tax (EBT)
1 |
869
|
253
|
587
|
748
|
824
|
1,078
|
1,303
|
1,468
|
Change
|
-
|
-70.89%
|
132.02%
|
27.43%
|
10.16%
|
30.79%
|
20.86%
|
12.68%
|
Net income
1 |
821
|
241
|
585
|
927
|
658
|
950.5
|
931
|
1,093
|
Change
|
-
|
-70.65%
|
142.74%
|
58.46%
|
-29.02%
|
44.45%
|
-2.05%
|
17.42%
|
Announcement Date
|
3/12/20
|
3/9/21
|
3/10/22
|
3/10/23
|
2/29/24
|
-
|
-
|
-
|
 Fiscal Period: December |
2019 Q4
|
2020 Q1
|
2020 Q2
|
2020 Q3
|
2020 Q4
|
2021 Q1
|
2021 Q2
|
2021 Q3
|
2021 Q4
|
2022 Q1
|
2022 Q2
|
2022 Q3
|
2022 Q4
|
2023 Q1
|
2023 Q2
|
2023 Q3
|
2023 Q4
|
2024 Q1
|
2024 Q2
|
2024 Q3
|
2024 Q4
|
---|
Net sales
1 |
4,650
|
2,591
|
3,287
|
3,147
|
4,385
|
2,790
|
3,555
|
3,219
|
4,571
|
3,006
|
3,570
|
3,341
|
4,796
|
3,034
|
3,860
|
3,375
|
5,022
|
3,664
|
4,321
|
4,091
|
5,136
|
Change
|
-
|
-44.28%
|
26.86%
|
-4.26%
|
39.34%
|
-36.37%
|
27.42%
|
-9.45%
|
42%
|
-34.24%
|
18.76%
|
-6.41%
|
43.55%
|
-36.74%
|
27.22%
|
-12.56%
|
48.8%
|
-27.04%
|
17.93%
|
-5.32%
|
25.54%
|
EBITDA
|
753
|
159
|
384
|
323
|
592
|
202
|
-
|
314
|
705
|
251
|
428
|
329
|
755
|
238
|
465
|
367
|
813
|
-
|
-
|
-
|
-
|
Change
|
-
|
-78.88%
|
141.51%
|
-15.89%
|
83.28%
|
-65.88%
|
-100%
|
-
|
124.52%
|
-64.4%
|
70.52%
|
-23.13%
|
129.48%
|
-68.48%
|
95.38%
|
-21.08%
|
121.53%
|
-100%
|
-
|
-
|
-
|
EBIT
1 |
565
|
41
|
251
|
205
|
441
|
95
|
305
|
207
|
516
|
132
|
286
|
201
|
599
|
105
|
325
|
214
|
670
|
182
|
321
|
263
|
654.4
|
Change
|
-
|
-92.74%
|
512.2%
|
-18.33%
|
115.12%
|
-78.46%
|
221.05%
|
-32.13%
|
149.28%
|
-74.42%
|
116.67%
|
-29.72%
|
198.01%
|
-82.47%
|
209.52%
|
-34.15%
|
213.08%
|
-72.84%
|
76.37%
|
-18.07%
|
148.82%
|
Charge d'intérêts
|
-96
|
-
|
-
|
-68
|
-57
|
-46
|
-42
|
-44
|
-
|
-30
|
-17
|
-49
|
-36
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Earnings before Tax (EBT)
|
409
|
-51
|
139
|
100
|
65
|
29
|
230
|
54
|
358
|
93
|
222
|
436
|
292
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Change
|
-
|
-
|
-
|
-28.06%
|
-35%
|
-55.38%
|
693.1%
|
-76.52%
|
562.96%
|
-74.02%
|
138.71%
|
96.4%
|
-33.03%
|
-100%
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net income
1 |
356
|
-59
|
118
|
195
|
105
|
-2
|
178
|
52
|
357
|
74
|
192
|
396
|
265
|
40
|
168
|
82
|
380
|
-
|
96
|
175
|
393.2
|
Change
|
-
|
-
|
-
|
65.25%
|
-46.15%
|
-
|
-
|
-70.79%
|
586.54%
|
-79.27%
|
159.46%
|
106.25%
|
-33.08%
|
-84.91%
|
320%
|
-51.19%
|
363.41%
|
-100%
|
-
|
82.29%
|
124.71%
|
Announcement Date
|
3/12/20
|
5/7/20
|
7/30/20
|
11/5/20
|
3/9/21
|
5/6/21
|
7/29/21
|
11/4/21
|
3/10/22
|
5/5/22
|
7/28/22
|
11/3/22
|
3/10/23
|
5/3/23
|
7/28/23
|
11/9/23
|
2/29/24
|
5/7/24
|
7/30/24
|
11/7/24
|
-
|
 Fiscal Period: December |
2020 S1
|
2020 S2
|
2021 S1
|
2022 S1
|
2023 S1
|
2024 S1
|
---|
Net sales
1 |
5,878
|
7,532
|
6,345
|
6,576
|
6,894
|
7,985
|
Change
|
-
|
28.14%
|
-15.76%
|
3.64%
|
4.84%
|
15.83%
|
EBITDA
|
543
|
-
|
-
|
-
|
-
|
-
|
Change
|
-
|
-100%
|
-
|
-
|
-
|
-
|
EBIT
1 |
292
|
646
|
400
|
418
|
430
|
503
|
Change
|
-
|
121.23%
|
-38.08%
|
4.5%
|
2.87%
|
16.98%
|
Charge d'intérêts
|
-
|
-
|
-88
|
-47
|
-
|
-
|
Earnings before Tax (EBT)
|
-
|
-
|
259
|
315
|
-
|
-
|
Change
|
-
|
-
|
-
|
21.62%
|
-100%
|
-
|
Net income
1 |
60
|
-
|
176
|
266
|
208
|
555
|
Change
|
-
|
-100%
|
-
|
51.14%
|
-21.8%
|
166.83%
|
Announcement Date
|
7/30/20
|
3/9/21
|
7/29/21
|
7/28/22
|
7/28/23
|
7/30/24
|
 Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
2,847
|
3,318
|
3,122
|
-
|
2,323
|
1,955
|
1,236
|
570
|
Change
|
-
|
16.54%
|
-5.91%
|
-
|
-
|
-15.84%
|
-36.78%
|
-53.88%
|
Announcement Date
|
3/12/20
|
3/9/21
|
3/10/22
|
3/10/23
|
2/29/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2023
|
2024
|
2025
|
2026
|
---|
CAPEX
1 |
594
|
311
|
615
|
782
|
836.9
|
898.5
|
946.2
|
Change
|
-
|
-47.64%
|
97.75%
|
-
|
7.02%
|
7.35%
|
5.31%
|
Free Cash Flow (FCF)
1 |
241
|
40
|
209
|
635
|
750.9
|
848.9
|
966.7
|
Change
|
-
|
-83.4%
|
422.5%
|
-
|
18.26%
|
13.05%
|
13.87%
|
Announcement Date
|
3/12/20
|
3/9/21
|
3/10/22
|
2/29/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Profitability
| | | | | | | | |
---|
EBITDA Margin (%)
|
13.18%
|
10.87%
|
11.5%
|
11.98%
|
12.31%
|
11.76%
|
12.35%
|
12.86%
|
EBIT Margin (%)
|
9.08%
|
6.99%
|
7.94%
|
8.28%
|
8.43%
|
8.32%
|
9.02%
|
9.71%
|
EBT Margin (%)
|
6.3%
|
1.89%
|
4.15%
|
5.08%
|
5.39%
|
6.29%
|
7.15%
|
7.67%
|
Net margin (%)
|
5.96%
|
1.8%
|
4.14%
|
6.3%
|
4.3%
|
5.55%
|
5.11%
|
5.71%
|
FCF margin (%)
|
1.75%
|
0.3%
|
1.48%
|
-
|
4.15%
|
4.38%
|
4.66%
|
5.05%
|
FCF / Net Income (%)
|
29.35%
|
16.6%
|
35.73%
|
-
|
96.5%
|
79.01%
|
91.18%
|
88.42%
|
Profitability
| | | | | | | | |
---|
ROA
|
3.13%
|
0.89%
|
2.11%
|
-
|
2.22%
|
3.43%
|
3.39%
|
3.76%
|
ROE
|
14.7%
|
4.55%
|
12.83%
|
-
|
8.78%
|
10.95%
|
10.85%
|
11.45%
|
Financial Health
| | | | | | | | |
---|
Leverage (Debt/EBITDA)
|
1.57x
|
2.28x
|
1.92x
|
-
|
1.23x
|
0.97x
|
0.55x
|
0.23x
|
Debt / Free cash flow
|
11.81x
|
82.95x
|
14.94x
|
-
|
3.66x
|
2.6x
|
1.46x
|
0.59x
|
Capital Intensity
| | | | | | | | |
---|
CAPEX / Current Assets (%)
|
4.31%
|
2.32%
|
4.35%
|
-
|
5.11%
|
4.88%
|
4.93%
|
4.94%
|
CAPEX / EBITDA (%)
|
32.69%
|
21.33%
|
37.82%
|
-
|
41.53%
|
41.54%
|
39.92%
|
38.43%
|
CAPEX / FCF (%)
|
246.47%
|
777.5%
|
294.26%
|
-
|
123.15%
|
111.45%
|
105.84%
|
97.88%
|
Items per share
| | | | | | | | |
---|
Cash flow per share
1 |
1.122
|
0.4783
|
1.29
|
-
|
2.062
|
2.537
|
2.509
|
2.62
|
Change
|
-
|
-57.37%
|
169.79%
|
-
|
-
|
23.06%
|
-1.09%
|
4.43%
|
Dividend per Share
1 |
0.14
|
0.14
|
0.14
|
-
|
0.28
|
0.298
|
0.3422
|
0.3787
|
Change
|
-
|
0%
|
0%
|
-
|
-
|
6.41%
|
14.83%
|
10.69%
|
Book Value Per Share
1 |
9.207
|
9.157
|
11.18
|
-
|
13.56
|
15.02
|
16.37
|
18
|
Change
|
-
|
-0.54%
|
22.08%
|
-
|
-
|
10.75%
|
9%
|
9.96%
|
EPS
1 |
1.428
|
0.419
|
1.019
|
1.611
|
1.144
|
1.631
|
1.65
|
1.935
|
Change
|
-
|
-70.66%
|
143.2%
|
58.1%
|
-28.99%
|
42.58%
|
1.15%
|
17.29%
|
Nbr of stocks (in thousands)
|
574,845
|
575,008
|
575,174
|
575,307
|
575,307
|
575,307
|
575,307
|
575,307
|
Announcement Date
|
3/12/20
|
3/9/21
|
3/10/22
|
3/10/23
|
2/29/24
|
-
|
-
|
-
|
| 2024 * | 2025 * |
---|
P/E ratio |
18x |
17.8x |
---|
PBR |
1.95x |
1.79x |
---|
EV / Sales |
1.1x |
0.99x |
---|
Yield |
1.02% |
1.17% |
---|
Last Close Price 29.35EUR Average target price 31.12EUR Spread / Average Target +6.04% Consensus
|