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%

Dividends

 2024  2023  2022   2021 2020 2018 2017 2016 2015 2014
Dividend per share (€)  0.30  0.46  0.51 0.30 0.26 0.228 0.140 0.088 0.080 0.047
Dividend (€M)  13.8  21.0  23.3 13.8 12.0 11.0 6.5 4.0 2.5 1.5
Net Income* (€M)  24.9  69.9  78.1 39.6 37.9 33.1 20.2 11.6 11.0 4.9
Payout ratio  55%  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 01/08/2025 13.00 BUY
Banca IMI Gabriele Berti +390287949821 gabriele.berti@intesasanpaolo.com 01/08/2025
 15.50 NEUTRAL
Edison Group Russell Pointon +442036812538 RPointon@edisongroup.com 19/05/2025 21.00 n.a.
Equita Aleksandra Arsova  +39026204881 a.arsova@equita.eu 19/05/2025 10.00 HOLD
Intermonte Carlo Maritano +390277115358 carlo.maritano@intermonte.it 01/08/2025 16.80 BUY
Kepler Cheuvreux Tommaso Nieddu +390285507216
 tnieddu@keplercheuvreux.com
 31/07/2025 10.00 HOLD
Mediobanca Isacco Brambilla +39028829067 Isacco.Brambilla@mediobanca.com 01/08/2025 11.50 NEUTRAL
Consensus

13.97