April 26, 2024

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Italian Stock Exchange, commenting on today’s session (August 4, 2022)

Italian Stock Exchange, commenting on today’s session (August 4, 2022)

Telecom Italia TIM decided to back off after publishing its half-year results. BancoBPM stock also fell sharply. Over 12% increase for the Safilo Group

The main indices of the Italian Stock Exchange and the main European financial markets ended the session in positive areaeven if it is far from the heights reached in the middle of the day.

The FTSEMib It advanced by 0.31% to 22,646 points, after fluctuating between a minimum of 22,590 points and a maximum of 22,880 points. The FTSE Italia all participated Gained 0.37%. plus sign for file FTSE Italia medium hat (+0.92%) and for The star of FTSE Italia (+ 1.18%). In the August 4, 2022 session, the turnover increased to 1.87 billion euros, compared to 1.76 billion on Wednesday.

The BTP-Bund spread It was confirmed below 215 points after the Italian 10-year bond yield fell to 2.95%.

It’s 17.30 Bitcoin It remained under $23,000 (less than €22,500).

L ‘euro Exceeded $1.02.

Telecom Italia TIM suffered a decrease of 3.01% to 0.216 eurosAfter publishing half-year results and reviewing some estimates for the whole of 2022. Furthermore, Telecom Italia TIM announced that it has reached an agreement with DAZN. The agreement allows the latter to distribute the rights to watch Serie A TIM Championship matches through any third party.

Bankers on the swing.

The BancoBPM closed sharply lower (-3.26% to 2.612 euros). Inform the institute Financial results for the first half of 2022 Some financial information was provided for the full year. In particular, management expects an improvement in net profit in 2022 compared to 2021, with a direction that allows confirmation of both the profitability trajectory and the overall objectives defined in the strategic plan. Earnings per share are estimated at more than 0.4 euros, while the return is indicated at 50%.

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In general, oil sector stocks are decliningAfter the price of crude oil in New York (the contract expires in September 2022) fell to $ 88.5 per barrel.

Tenaris Closed in negative territory (-3.81% to €12.62). The company issued I Financial results for the first half and second quarter of 2022. Figures for the first half of the year showed a strong improvement in sales volume and profitability, benefiting from increased pipe prices and improved industrial performance. Tenaris management will increase sales in the second half of 2022, while Ebitda’s margin is expected to stabilize, as higher selling prices should offset the increase in costs.

Very bad Saipem (-5.47%) while where are you Limit the drop to 0.09%.

In MidCap in Evidence Savelo Group (+ 12.7% to 1,558 euros)after, after Distribution of the semi-annual report. Based on the performance obtained in the first half of 2022 and the current vision for the third quarter, Safilo management is confident that it will indeed reach the economic targets indicated in the 2024 Strategic Plan by 2022, which envisaged net sales of approximately 1 billion euros and an adjusted EBITDA margin Between 9% and 11%. In detail, senior management estimates that net sales for the whole of 2022 will grow at an average rate of one (within 5%) at constant rates compared to 2021 and that the adjusted EBITDA margin will be around 10% from the 8,4% recorded in 2021.

Highlights the excellent performance of the STAR class doValue (+4.3% up to 6.31 €)after spreading Half year results. In addition, management has provided some financial indicators for 2022. Senior management expects to end the year with total revenues of between 555 million and 565 million euros. EBITDA excluding non-recurring items is indicated between 190 and 195 million euros, while net profit excluding non-recurring items is estimated between 45 and 50 million euros. doValue plans to pay a dividend of €0.6 per share back to 2022 (subject to approval by the Board of Directors and shareholders), which is 20% growth compared to a dividend of €0.5 per share in 2021.

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very very good Karel Industries (+ 8.88%).

At Euronext Growth, Milan focused on Siav, on the day it debuted in the price list for dynamic and competitive SMEs. Registered address A 4% increase to 3.12 euros. The company’s shares were set at €3, with an initial capitalization of €27 million.