Market Closed -
Borsa Italiana
11:45:00 2025-02-14 am EST
|
After market
04:00:00 pm
|
163.70 EUR
|
-0.24%
|
|
164.65 |
+0.58%
|
 Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
1,182
|
1,250
|
1,484
|
1,891
|
2,118
|
2,291
|
2,531
|
2,753
|
Change
|
-
|
5.73%
|
18.69%
|
27.45%
|
12%
|
8.17%
|
10.47%
|
8.79%
|
EBITDA
1 |
191.3
|
207.9
|
262.8
|
340.3
|
352.1
|
388.2
|
426.7
|
465
|
Change
|
-
|
8.68%
|
26.41%
|
29.49%
|
3.47%
|
10.25%
|
9.93%
|
8.96%
|
EBIT
1 |
155.3
|
169.5
|
209.3
|
285.5
|
292.7
|
317.3
|
353.7
|
391.4
|
Change
|
-
|
9.14%
|
23.48%
|
36.41%
|
2.52%
|
8.41%
|
11.48%
|
10.66%
|
Interest Paid
1 |
-5.268
|
-8.717
|
-4.168
|
-5.938
|
-7.287
|
-4.8
|
-5.6
|
-8.05
|
Earnings before Tax (EBT)
1 |
161.4
|
162.1
|
213.3
|
268.7
|
271.6
|
308.9
|
353.1
|
396.5
|
Change
|
-
|
0.39%
|
31.61%
|
25.98%
|
1.07%
|
13.75%
|
14.29%
|
12.3%
|
Net income
1 |
113.9
|
123.6
|
150.7
|
192.2
|
186.7
|
215.8
|
246
|
273.1
|
Change
|
-
|
8.52%
|
21.93%
|
27.54%
|
-2.86%
|
15.58%
|
13.98%
|
11.05%
|
Announcement Date
|
3/13/20
|
3/15/21
|
3/15/22
|
3/14/23
|
3/13/24
|
-
|
-
|
-
|
 Fiscal Period: December |
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
|
317
|
298.2
|
293.1
|
341.9
|
352.4
|
360.4
|
360.6
|
410.4
|
440.9
|
448.8
|
465.9
|
535.4
|
520.6
|
518.3
|
509.1
|
570
|
554.3
|
560
|
552.6
|
-
|
Change
|
-
|
-5.93%
|
-1.7%
|
16.63%
|
3.08%
|
2.27%
|
0.05%
|
13.82%
|
7.43%
|
1.8%
|
3.8%
|
14.92%
|
-2.78%
|
-0.43%
|
-1.79%
|
11.97%
|
-2.76%
|
1.03%
|
-1.33%
|
-100%
|
EBITDA
1 |
47.6
|
42.6
|
50.9
|
66.8
|
59.6
|
59.9
|
63.7
|
79.62
|
70.88
|
73.57
|
74.1
|
121.8
|
81.02
|
72.98
|
81.76
|
116.3
|
87.3
|
93.16
|
95
|
126.8
|
Change
|
-
|
-10.5%
|
19.49%
|
31.23%
|
-10.78%
|
0.5%
|
6.34%
|
25%
|
-10.98%
|
3.8%
|
0.72%
|
64.31%
|
-33.45%
|
-9.92%
|
12.03%
|
42.24%
|
-24.93%
|
6.71%
|
1.97%
|
33.48%
|
EBIT
|
38
|
36.1
|
40.22
|
55.18
|
47.9
|
48.1
|
51.54
|
61.8
|
57.66
|
62.1
|
60.8
|
101.9
|
65.58
|
57
|
63.99
|
105
|
72.07
|
74.54
|
77.52
|
-
|
Change
|
-
|
-5%
|
11.4%
|
37.22%
|
-13.2%
|
0.42%
|
7.15%
|
19.9%
|
-6.68%
|
7.69%
|
-2.09%
|
67.55%
|
-35.62%
|
-13.09%
|
12.26%
|
64.09%
|
-31.36%
|
3.43%
|
4%
|
-100%
|
Charge d'intérêts
1 |
-
|
-
|
-
|
-
|
-0.371
|
-
|
-0.231
|
-
|
1.698
|
-
|
-
|
-
|
-3.518
|
-
|
7.231
|
-
|
-
|
-
|
-
|
-0.2
|
Earnings before Tax (EBT)
|
33.9
|
41.2
|
38.64
|
48.31
|
47.6
|
51.1
|
51.31
|
63.27
|
59.36
|
49.29
|
60.5
|
99.58
|
62.07
|
51.5
|
56.76
|
101.3
|
73.08
|
73.17
|
69.71
|
-
|
Change
|
-
|
21.53%
|
-6.21%
|
25.02%
|
-1.47%
|
7.35%
|
0.41%
|
23.32%
|
-6.18%
|
-16.96%
|
22.74%
|
64.6%
|
-37.67%
|
-17.03%
|
10.22%
|
78.4%
|
-27.83%
|
0.12%
|
-4.73%
|
-100%
|
Net income
|
33.94
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Change
|
-
|
-100%
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
5/15/20
|
7/31/20
|
11/12/20
|
3/15/21
|
5/14/21
|
8/3/21
|
11/15/21
|
3/15/22
|
5/13/22
|
7/30/22
|
11/14/22
|
3/14/23
|
5/15/23
|
8/1/23
|
11/14/23
|
3/13/24
|
5/14/24
|
8/1/24
|
11/14/24
|
-
|
 Fiscal Period: December |
2020 S1
|
2020 S2
|
2021 S1
|
2022 S1
|
2023 S1
|
2024 S1
|
2024 S2
|
---|
Net sales
|
615.2
|
635
|
712.8
|
889.7
|
1,039
|
1,114
|
-
|
Change
|
-
|
3.22%
|
12.25%
|
24.82%
|
16.77%
|
7.26%
|
-100%
|
EBITDA
1 |
90.2
|
-
|
119.5
|
144.4
|
154
|
180.5
|
221.8
|
Change
|
-
|
-100%
|
-
|
20.88%
|
6.62%
|
17.18%
|
22.91%
|
EBIT
|
74.1
|
-
|
96
|
119.8
|
122.6
|
146.6
|
-
|
Change
|
-
|
-100%
|
-
|
24.76%
|
2.35%
|
19.63%
|
-100%
|
Charge d'intérêts
|
0.99
|
-
|
2.752
|
-
|
-10.12
|
-
|
-
|
Earnings before Tax (EBT)
|
75.1
|
-
|
98.7
|
108.7
|
113.6
|
146.3
|
-
|
Change
|
-
|
-100%
|
-
|
10.09%
|
4.52%
|
28.82%
|
-100%
|
Net income
|
53.94
|
-
|
71.39
|
75.6
|
78.45
|
99.94
|
-
|
Change
|
-
|
-100%
|
-
|
5.89%
|
3.77%
|
27.39%
|
-100%
|
Announcement Date
|
7/31/20
|
3/15/21
|
8/3/21
|
7/30/22
|
8/1/23
|
8/1/24
|
-
|
 Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
-105
|
-159
|
-193
|
-70.6
|
-205
|
-285
|
-456
|
-652
|
Change
|
-
|
-251.43%
|
-221.38%
|
-136.58%
|
-390.37%
|
-239.09%
|
-260%
|
-242.98%
|
Announcement Date
|
3/13/20
|
3/15/21
|
3/15/22
|
3/14/23
|
3/13/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
CAPEX
1 |
16.6
|
16.37
|
37.12
|
41.77
|
29.26
|
39.41
|
42.69
|
48.72
|
Change
|
-
|
-1.41%
|
126.82%
|
12.52%
|
-29.94%
|
34.65%
|
8.32%
|
14.15%
|
Free Cash Flow (FCF)
1 |
186.2
|
212.7
|
170.5
|
142.8
|
220.5
|
193.1
|
223.2
|
246.3
|
Change
|
-
|
14.22%
|
-19.85%
|
-16.22%
|
54.43%
|
-12.45%
|
15.6%
|
10.37%
|
Announcement Date
|
3/13/20
|
3/15/21
|
3/15/22
|
3/14/23
|
3/13/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Profitability
| | | | | | | | |
---|
EBITDA Margin (%)
|
16.18%
|
16.63%
|
17.71%
|
17.99%
|
16.62%
|
16.94%
|
16.86%
|
16.89%
|
EBIT Margin (%)
|
13.13%
|
13.56%
|
14.11%
|
15.1%
|
13.82%
|
13.85%
|
13.98%
|
14.22%
|
EBT Margin (%)
|
13.65%
|
12.96%
|
14.37%
|
14.21%
|
12.82%
|
13.48%
|
13.95%
|
14.4%
|
Net margin (%)
|
9.63%
|
9.89%
|
10.16%
|
10.16%
|
8.81%
|
9.42%
|
9.72%
|
9.92%
|
FCF margin (%)
|
15.75%
|
17.01%
|
11.49%
|
7.55%
|
10.41%
|
8.43%
|
8.82%
|
8.95%
|
FCF / Net Income (%)
|
163.47%
|
172.06%
|
113.11%
|
74.3%
|
118.12%
|
89.48%
|
90.74%
|
90.18%
|
Profitability
| | | | | | | | |
---|
ROA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
ROE
|
21.3%
|
19.64%
|
20.25%
|
21.42%
|
17.91%
|
17.68%
|
17.63%
|
16.84%
|
Financial Health
| | | | | | | | |
---|
Leverage (Debt/EBITDA)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Debt / Free cash flow
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Capital Intensity
| | | | | | | | |
---|
CAPEX / Current Assets (%)
|
1.4%
|
1.31%
|
2.5%
|
2.21%
|
1.38%
|
1.72%
|
1.69%
|
1.77%
|
CAPEX / EBITDA (%)
|
8.68%
|
7.87%
|
14.13%
|
12.27%
|
8.31%
|
10.15%
|
10%
|
10.48%
|
CAPEX / FCF (%)
|
8.92%
|
7.7%
|
21.78%
|
29.25%
|
13.27%
|
20.41%
|
19.13%
|
19.78%
|
Items per share
| | | | | | | | |
---|
Cash flow per share
1 |
5.42
|
6.12
|
5.55
|
4.93
|
6.68
|
4.71
|
5.35
|
6.6
|
Change
|
-
|
12.92%
|
-9.31%
|
-11.17%
|
35.5%
|
-29.49%
|
13.59%
|
23.36%
|
Dividend per Share
1 |
0.52
|
0.56
|
0.8
|
1
|
1
|
1.135
|
1.286
|
1.437
|
Change
|
-
|
7.69%
|
42.86%
|
25%
|
0%
|
13.48%
|
13.34%
|
11.71%
|
Book Value Per Share
1 |
15.6
|
18.04
|
21.74
|
25.94
|
29.8
|
34.56
|
39.98
|
46.02
|
Change
|
-
|
15.64%
|
20.51%
|
19.32%
|
14.88%
|
15.96%
|
15.7%
|
15.11%
|
EPS
1 |
3.04
|
3.3
|
4.03
|
5.13
|
5.01
|
5.653
|
6.506
|
7.304
|
Change
|
-
|
8.55%
|
22.12%
|
27.3%
|
-2.34%
|
12.84%
|
15.1%
|
12.26%
|
Nbr of stocks (in thousands)
|
37,407
|
37,407
|
37,341
|
37,200
|
37,278
|
37,278
|
37,278
|
37,278
|
Announcement Date
|
3/13/20
|
3/15/21
|
3/15/22
|
3/14/23
|
3/13/24
|
-
|
-
|
-
|
| 2024 * | 2025 * |
---|
P/E ratio |
29x |
25.2x |
---|
PBR |
4.75x |
4.1x |
---|
EV / Sales |
2.55x |
2.24x |
---|
Yield |
0.69% |
0.78% |
---|
Last Close Price 164.10EUR Average target price 160.40EUR Spread / Average Target -2.25% Consensus
|