Declared Dividend • Apr 16
Dividend of €0.16 announced Dividend of €0.16 is the same as last year. Ex-date: 27th April 2026 Payment date: 29th April 2026 Dividend yield will be 2.1%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. The dividend is also not covered by cash flows (dividend approximately 69x free cash flows). The dividend has increased by an average of 4.8% per year over the past 10 years. However, payments have been volatile during that time. Declared Dividend • Mar 19
Dividend of €0.16 announced Dividend of €0.16 is the same as last year. Ex-date: 27th April 2026 Payment date: 29th April 2026 Dividend yield will be 2.8%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is not covered by earnings (126% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 8.6% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 40% to bring the payout ratio under control, which is more than the 9.2% EPS growth achieved over the last 5 years. Ankündigung • Mar 18
BasicNet S.p.A. announces Annual dividend, payable on April 29, 2026 BasicNet S.p.A. announced Annual dividend of EUR 0.1600 per share payable on April 29, 2026, ex-date on April 27, 2026 and record date on April 28, 2026. Ankündigung • Mar 16
BasicNet S.p.A., Annual General Meeting, Apr 16, 2026 BasicNet S.p.A., Annual General Meeting, Apr 16, 2026, at 11:00 W. Europe Standard Time. Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €6.19, the stock trades at a trailing P/E ratio of 49.8x. Average trailing P/E is 14x in the Specialty Retail industry in the United Kingdom. Total returns to shareholders of 19% over the past three years. Ankündigung • Dec 05
BasicNet S.p.A. (BIT:BAN) entered into agreement to acquire Kickoff SpA from Winnie Srl for €19.6 million. BasicNet S.p.A. (BIT:BAN) entered into agreement to acquire Kickoff SpA from Winnie Srl for €19.6 million on December 4, 2025. The consideration consists of 1.4 million common equity of BasicNet S.p.A. having a value of €9.56 million to be issued for common equity of Kickoff SpA. BasicNet S.p.A. will pay an earnout/contingent payment of €10 million cash. As part of consideration, €19.56 million is paid towards common equity of Kickoff SpA. Ankündigung • Nov 14
BasicNet S.p.A. (BIT:BAN) reached an agreement to acquire WOOLRICH EUROPE Srl from L-GAM Advisers LLP for an enterprise value of €90 million. BasicNet S.p.A. (BIT:BAN) reached an agreement to acquire WOOLRICH EUROPE Srl from L-GAM Advisers LLP for an enterprise value of €90 million on November 12, 2025. Part of the consideration, amounting to €40 million, will be paid for €12 million through the transfer of 1,200,000 BasicNet ordinary shares at a value of €10 each. In addition, the seller may receive an earn-out based on the achievement of certain net result and revenue levels at the end of the 2026–2028 three-year period. The transfer of the shares included as part of the initial consideration will be subject to a 24-month lock-up period starting from the closing date. The transaction involves the acquisition, through a wholly owned BasicNet subsidiary, of the rights to the Woolrich brand for Europe. The acquisition and refinancing of existing debt will be structured despite existing liquidity through mid-long-term credit lines and a revolving credit facility for a total of up to €90 million. The new financing will be provided by UniCredit, as strategic partner of the Group and sole lender of the transaction.
The execution of the transaction is not subject to any condition precedent and is expected to take place by December 2025.
Houlihan Lokey, Inc. acted as financial advisor, Labruna Mazziotti Segni acted as legal advisor and Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisor for L-GAM Advisers LLP. Ernst & Young LLP acted as accountant for L-GAM Advisers LLP. Carlo Peyron of Pavesio e Associati with Negri-Clementi acted as legal advisor and Ernst & Young Italia acted as due diligence provider for BasicNet S.p.A. Reported Earnings • Aug 05
First half 2025 earnings released: €0.36 loss per share (vs €0.057 profit in 1H 2024) First half 2025 results: €0.36 loss per share (down from €0.057 profit in 1H 2024). Revenue: €137.3m (down 4.2% from 1H 2024). Net loss: €16.6m (down €19.4m from profit in 1H 2024). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. New Risk • Aug 03
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.7% Last year net profit margin: 6.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Dividend is not well covered by earnings and cash flows. Payout ratio: 118% Paying a dividend despite having no free cash flows. Minor Risk Profit margins are more than 30% lower than last year (1.7% net profit margin). New Risk • Jul 12
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.1% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks High level of debt (53% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Ankündigung • Aug 02
BasicNet S.p.A. to Report Q2, 2025 Results on Oct 30, 2024 BasicNet S.p.A. announced that they will report Q2, 2025 results on Oct 30, 2024 Reported Earnings • Mar 30
Full year 2023 earnings released: EPS: €0.49 (vs €0.60 in FY 2022) Full year 2023 results: EPS: €0.49 (down from €0.60 in FY 2022). Revenue: €332.8m (up 6.4% from FY 2022). Net income: €24.4m (down 19% from FY 2022). Profit margin: 7.3% (down from 9.6% in FY 2022). The decrease in margin was driven by higher expenses. Reported Earnings • Aug 02
First half 2023 earnings released: EPS: €0.15 (vs €0.21 in 1H 2022) First half 2023 results: EPS: €0.15 (down from €0.21 in 1H 2022). Revenue: €146.6m (up 16% from 1H 2022). Net income: €7.43m (down 31% from 1H 2022). Profit margin: 5.1% (down from 8.5% in 1H 2022). The decrease in margin was driven by higher expenses. Upcoming Dividend • Apr 17
Upcoming dividend of €0.18 per share at 3.1% yield Eligible shareholders must have bought the stock before 24 April 2023. Payment date: 26 April 2023. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of British dividend payers (5.8%). Higher than average of industry peers (2.8%). Reported Earnings • Mar 15
Full year 2022 earnings released: EPS: €0.60 (vs €0.40 in FY 2021) Full year 2022 results: EPS: €0.60 (up from €0.40 in FY 2021). Revenue: €312.7m (up 29% from FY 2021). Net income: €30.0m (up 48% from FY 2021). Profit margin: 9.6% (up from 8.4% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Ankündigung • Jan 12
BasicNet S.p.A. to Report Fiscal Year 2022 Final Results on Mar 09, 2023 BasicNet S.p.A. announced that they will report fiscal year 2022 final results on Mar 09, 2023 Ankündigung • Jan 11
BasicNet S.p.A. to Report Fiscal Year 2022 Results on Feb 10, 2023 BasicNet S.p.A. announced that they will report fiscal year 2022 results on Feb 10, 2023 Reported Earnings • Mar 07
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: €0.40 (up from €0.16 in FY 2020). Revenue: €241.6m (up 13% from FY 2020). Net income: €20.3m (up 137% from FY 2020). Profit margin: 8.4% (up from 4.0% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 9.8%. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €4.58, the stock trades at a trailing P/E ratio of 14x. Average trailing P/E is 10x in the Specialty Retail industry in the United Kingdom. Total returns to shareholders of 1.0% over the past three years. Upcoming Dividend • Apr 14
Upcoming dividend of €0.06 per share Eligible shareholders must have bought the stock before 19 April 2021. Payment date: 21 April 2021. Trailing yield: 1.4%. Lower than top quartile of British dividend payers (4.2%). Lower than average of industry peers (2.5%). Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 16% share price gain to €4.16, the stock is trading at a trailing P/E ratio of 52.5x, up from the previous P/E ratio of 45.2x. This compares to an average P/E of 20x in the Specialty Retail industry in the United Kingdom. Total returns to shareholders over the past three years are 21%. Valuation Update With 7 Day Price Move • Oct 30
Market bids up stock over the past week After last week's 20% share price gain to €3.87, the stock is trading at a trailing P/E ratio of 35.5x, up from the previous P/E ratio of 29.7x. This compares to an average P/E of 27x in the Specialty Retail industry in the United Kingdom. Total returns to shareholders over the past three years are 18%. 
