Major shareholders

The following table illustrates the composition of the Issuer's share capital with an indication of the shareholders who, on the basis of the communications received pursuant to the applicable legislation and other information available to the Issuer, directly or indirectly hold shareholdings exceeding 3% of the share capital ordinary of the Company.

Key stakeholders Shares held % Participation  % Voting rights
Tecno Holding S.p.A. 26.317.960
55.75% 71.589%
Invesco 1.954.025 4.139% 2.6576%

Shareholders' Agreements

At the Prospective Information Date, the Issuer is not aware of any shareholders' agreements between the shareholders or of agreements whose implementation may lead to a change in the control structure of the Issuer at a later date.


Dividends

 2023  2022   2021 2020 2018 2017 2016 2015 2014
Dividend per share (€)  0.46  0.51 0.30 0.26 0.228 0.140 0.088 0.080 0.047
Dividend (€M)  21.0  23.3 13.8 12.0 11.0 6.5 4.0 2.5 1.5
Net Income* (€M)  69.9  78.1 39.6 37.9 33.1 20.2 11.6 11.0 4.9
Payout ratio  30.0%  29.8%  35.0% 31.8% 33.3% 32.3% 34.9% 22.9%

30.1%

Note: The year refers to the tax period of the formation of the distributable profit.

*Consolidated

Analyst coverage

Broker/Research Provider Analyst Phone Email Date of report Target Price (EURO) Recommendation
Banca Akros Andrea Bonfà +390243444269 andrea.bonfa@bancaakros.it 11/11/2024 10.00 NEUTRAL
Banca IMI Gabriele Berti +390287949821 gabriele.berti@intesasanpaolo.com 11/11/2024 20.00 BUY
Edison Group Russell Pointon +442036812538 RPointon@edisongroup.com 13/11/2024 22.50 n.a.
Equita Aleksandra Arsova  +39026204881 a.arsova@equita.eu 11/11/2024 13.00 HOLD
Intermonte Carlo Maritano +390277115358 carlo.maritano@intermonte.it 11/11/2024 18.30 BUY
Kepler Cheuvreux Marco Baccaglio +390285507216
mbaccaglio@keplercheuvreux.com 11/11/2024 10.00 HOLD
Mediobanca Isacco Brambilla +39028829067 Isacco.Brambilla@mediobanca.com 11/11/2024 15.50 NEUTRAL
Stifel Chandramouli Sriraman  +44(20)74788050 chandramoulisritaman@stifel.com
14/11/2024 13.00 BUY
Consensus

15.29