View ValuationFiera Milano 将来の成長Future 基準チェック /06Fiera Milanoの収益と利益はそれぞれ年間0.9%と28.5%減少すると予測されていますが、EPS は年間0.1% 増加すると予測されています。主要情報-28.5%収益成長率0.10%EPS成長率Media 収益成長29.3%収益成長率-0.9%将来の株主資本利益率n/aアナリストカバレッジLow最終更新日15 May 2026今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesBoard Change • May 21High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. Independent Non-Executive Chairperson Carlo Bonomi is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.お知らせ • Mar 16Fiera Milano S.p.A., Annual General Meeting, Apr 22, 2026Fiera Milano S.p.A., Annual General Meeting, Apr 22, 2026, at 15:00 W. Europe Standard Time.お知らせ • Feb 20Fiera Milano S.p.A. (BIT:FM) signed a binding agreement to acquire 70% stake in Made In Steel S.R.L. from Siderweb S.p.A. for €9.1 million.Fiera Milano S.p.A. (BIT:FM) signed a binding agreement to acquire 70% stake in Made In Steel S.R.L. from Siderweb S.p.A. for €9.1 million on February 18, 2026. The consideration includes an upfront component of up to €7.7 million, payable at closing and subject to adjustment based on net financial position and net working capital. An earn-out mechanism of up to €1.4 million is also envisaged, equal to €0.7 million for each tranche, contingent upon the achievement of specific economic and financial targets for the 2027 and 2029 editions of the event. The transaction will be financed through available cash resources. Siderweb S.p.A. SB, the event’s founder, will retain a 30% stake in the company, ensuring full organizational and brand continuity of the exhibition. In the related transaction, Fiera Milano S.p.A. (BIT:FM) is also the acquisition of Stipa. For the period ending December 31, 2025, Made In Steel S.R.L. reported total revenue of approximately €4.9 million and EBITDA of approximately €1.7 million. The transaction is expected to close in the first quarter of 2026. Ernesto Guaragnella of KPMG Advisory S.p.A. acted as financial advisor and financial due diligence provider for Fiera Milano S.p.A. ADVANT Nctm acted as legal advisor for Fiera Milano S.p.A. Giacomo Andreoli of Sovereign Capital Advisory S.R.L. acted as financial advisor for Made In Steel S.R.L. Baker Tilly Italia Legal S.R.L. acted as legal advisor for Made In Steel S.R.L.お知らせ • Feb 18Fiera Milano S.p.A. (BIT:FM) entered into a binding agreement to acquire 51% stake in Stipa Spa for €12.1 million.Fiera Milano S.p.A. (BIT:FM) entered into a binding agreement to acquire 51% stake in Stipa Spa for €12.1 million on February 18, 2026. The transaction will be financed through available cash resources. The agreement also provides for option mechanisms for the potential acquisition of the remaining shares held by current shareholders, exercisable in multiple subsequent time frames. For the period ending December 31, 2025, Stipa Spa reported total revenue of €15 million and EBITDA of €3 million. The transaction is expected to be completed in the first quarter of 2026.Board Change • Dec 30High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Chairperson of the Board of Statutory Auditors Alessandro Solidoro was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • Apr 16Fiera Milano S.p.A. (BIT:FM) agreed to acquire 51% stake in Expotrans SPA for €6.3 million.Fiera Milano S.p.A. (BIT:FM) agreed to acquire 51% stake in Expotrans SPA for €6.3 million on April 15, 2025. A cash consideration of €6.3 million will be paid by Fiera Milano S.p.A. The acquisition will take place for a value of €6.3 million, to be paid at closing, with a price adjustment mechanism primarily based on the net financial position. The entire consideration will be financed through available cash resources. The agreement provides for a Put/Call option on the remaining 49% of the shares, exercisable upon approval of the 2028 financial statements, with a maximum value of €13.7 million for the remaining shares, in addition to the net financial position, bringing the total maximum transaction value to €20 million. This structure is designed to ensure managerial stability and the transfer of know-how, securing the commitment of the current management and strong operational continuity. For the period ending December 31, 2024, Expotrans SPA reported total revenue of €28.7 million and EBITDA of €2.2 million. The expected completion of the transaction is the second quarter of 2025. KPMG Advisory S.p.A. acted as financial advisor for Fiera Milano S.p.A. ADVANT Nctm acted as legal advisor for Fiera Milano S.p.A. KPMG S.p.A. acted as due diligence provider for Fiera Milano S.p.A. Vitale&Co. S.P.A. acted as financial advisor for Expotrans SPA. Giliberti Triscornia e Associati Studio Legale acted as legal advisor for Expotrans SPA.お知らせ • Mar 14+ 1 more updateFiera Milano SpA, Annual General Meeting, Apr 23, 2025Fiera Milano SpA, Annual General Meeting, Apr 23, 2025, at 15:00 W. Europe Standard Time.お知らせ • Dec 20+ 3 more updatesFiera Milano SpA to Report First Half, 2025 Results on Jul 31, 2025Fiera Milano SpA announced that they will report first half, 2025 results on Jul 31, 2025Reported Earnings • Nov 14Third quarter 2024 earnings releasedThird quarter 2024 results: €0.099 loss per share. Revenue: €40.1m (down 12% from 3Q 2023). Net loss: €7.02m (loss widened 254% from 3Q 2023). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Oct 18Investor sentiment improves as stock rises 21%After last week's 21% share price gain to €4.02, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Media industry in Germany. Total returns to shareholders of 17% over the past three years.Reported Earnings • Jul 30Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: €72.0m (down 14% from 2Q 2023). Net income: €15.1m (down 13% from 2Q 2023). Profit margin: 21% (in line with 2Q 2023). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Media industry in Germany.New Risk • Jul 22New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 12% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 12% per year for the foreseeable future. Minor Risks High level of debt (103% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • May 15First quarter 2024 earnings releasedFirst quarter 2024 results: EPS: €0.11. Revenue: €72.4m (up 50% from 1Q 2023). Net income: €7.68m (up €15.7m from 1Q 2023). Profit margin: 11% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Apr 22Upcoming dividend of €0.14 per shareEligible shareholders must have bought the stock before 29 April 2024. Payment date: 02 May 2024. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (4.8%). In line with average of industry peers (4.2%).New Risk • Mar 15New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 9.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 9.5% per year for the foreseeable future. Minor Risk High level of debt (212% net debt to equity).Reported Earnings • Nov 12Third quarter 2023 earnings releasedThird quarter 2023 results: €0.028 loss per share. Revenue: €45.6m (flat on 3Q 2022). Net loss: €1.98m (loss narrowed 55% from 3Q 2022). Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Commercial Services industry in Germany.New Risk • Nov 11New major risk - Revenue and earnings growthEarnings have declined by 4.0% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.お知らせ • Jul 29Fiera Milano SpA to Report Q3, 2023 Results on Nov 09, 2023Fiera Milano SpA announced that they will report Q3, 2023 results on Nov 09, 2023Reported Earnings • Jul 28Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: €84.1m (down 9.3% from 2Q 2022). Net income: €17.2m (down 5.8% from 2Q 2022). Profit margin: 21% (in line with 2Q 2022). Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.お知らせ • May 12Fiera Milano SpA to Report First Half, 2023 Results on Jul 26, 2023Fiera Milano SpA announced that they will report first half, 2023 results on Jul 26, 2023Reported Earnings • May 03Full year 2022 earnings released: €0.078 loss per share (vs €0.56 profit in FY 2021)Full year 2022 results: €0.078 loss per share (down from €0.56 profit in FY 2021). Revenue: €220.3m (up 80% from FY 2021). Net loss: €5.60m (down 114% from profit in FY 2021). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Reported Earnings • Mar 17Full year 2022 earnings releasedFull year 2022 results: Revenue: €220.3m (up 70% from FY 2021). Net loss: €5.60m (down 113% from profit in FY 2021).お知らせ • Feb 08Fiera Milano SpA to Report Fiscal Year 2022 Results on Mar 15, 2023Fiera Milano SpA announced that they will report fiscal year 2022 results on Mar 15, 2023お知らせ • Nov 25Fiera Milano SpA (BIT:FM) acquired 25% stakes in Ge.Fi. Spa Gestione Fiere for €11.75 million.Fiera Milano SpA (BIT:FM) acquired 25% stakes in Ge.Fi. Spa Gestione Fiere for €11.75 million on November 23, 2022. Fiera Milano SpA (BIT:FM) completed the acquisition of 25% stakes in Ge.Fi. Spa Gestione Fiere on November 23, 2022.Board Change • Nov 16High number of new and inexperienced directorsThere are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Director Stefania Chiaruttini is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Reported Earnings • Nov 13Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: €45.5m (up 29% from 3Q 2021). Net loss: €4.35m (down 447% from profit in 3Q 2021). Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Commercial Services industry in Germany.Reported Earnings • Jul 29Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: €92.7m (up €89.6m from 2Q 2021). Net income: €18.3m (up €45.6m from 2Q 2021). Profit margin: 20% (up from net loss in 2Q 2021). Over the next year, revenue is expected to shrink by 6.8% compared to a 10% growth forecast for the industry in Germany.Reported Earnings • May 28First quarter 2022 earnings releasedFirst quarter 2022 results: €0.18 loss per share. Revenue: €23.5m (up €21.9m from 1Q 2021). Net loss: €12.9m (loss narrowed 46% from 1Q 2021). Over the next year, revenue is forecast to grow 26%, compared to a 16% growth forecast for the industry in Germany.Board Change • Apr 27High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Standing Statutory Auditor Piero Capitini was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Mar 17Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: €0.62 (up from €0.47 loss in FY 2020). Revenue: €129.8m (up 76% from FY 2020). Net income: €43.2m (up €77.1m from FY 2020). Profit margin: 33% (up from net loss in FY 2020). The move to profitability was primarily driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 30%, compared to a 24% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.Reported Earnings • Nov 10Third quarter 2021 earnings released: EPS €0.018The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €35.3m (up 213% from 3Q 2020). Net income: €1.26m (up €21.4m from 3Q 2020). Profit margin: 3.6% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance.Reported Earnings • Jul 31Second quarter 2021 earnings releasedThe company reported a decent second quarter result with reduced losses and improved control over expenses, although revenues were weaker. Second quarter 2021 results: Revenue: €3.07m (down 63% from 2Q 2020). Net loss: €1.02m (loss narrowed 95% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance.Reported Earnings • May 12First quarter 2021 earnings releasedThe company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: €1.53m (down 97% from 1Q 2020). Net loss: €24.0m (loss widened €24.0m from 1Q 2020).Reported Earnings • Mar 17Full year 2020 earnings released: €0.47 loss per share (vs €0.48 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €73.6m (down 74% from FY 2019). Net loss: €33.9m (down 199% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 66% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.Is New 90 Day High Low • Mar 10New 90-day high: €3.16The company is up 8.0% from its price of €2.92 on 09 December 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.05 per share.お知らせ • Dec 16+ 4 more updatesFiera Milano SpA to Report First Half, 2021 Results on Jul 28, 2021Fiera Milano SpA announced that they will report first half, 2021 results on Jul 28, 2021Is New 90 Day High Low • Dec 07New 90-day high: €2.96The company is up 11% from its price of €2.67 on 08 September 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Commercial Services industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.09 per share.Is New 90 Day High Low • Nov 19New 90-day high: €2.81The company is up 13% from its price of €2.49 on 20 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.06 per share.Is New 90 Day High Low • Oct 14New 90-day low: €2.26The company is down 26% from its price of €3.07 on 16 July 2020. The German market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.88 per share.お知らせ • Sep 21Fiera Milano SpA(BIT:FM) dropped from S&P Global BMI IndexFiera Milano SpA(BIT:FM) dropped from S&P Global BMI Indexお知らせ • Aug 01Fiera Milano SpA (BIT:FM) completed the acquisition of 60% stake in MADE eventi srl from Federlegno Arredo Eventi spa.Fiera Milano SpA (BIT:FM) signed a preliminary binding contract to acquire 60% stake in MADE eventi srl from Federlegno Arredo Eventi spa for €1.9 million on July 17, 2019. The price is based on the absence of any financial debts of MADE eventi srl. The signing of the purchase agreement is expected by the end of October 2019. As of November 14, 2019, the transaction is expected to close by end of 2019. Nicola Brunetti of Gattai Minoli Agostinelli acted as a legal advisor to Fiera Milano. Fiera Milano SpA (BIT:FM) completed the acquisition of 60% stake in MADE eventi srl from Federlegno Arredo Eventi spa on December 5, 2019.お知らせ • Jul 23Fiera Milano SpA to Report First Half, 2020 Results on Jul 29, 2020Fiera Milano SpA announced that they will report first half, 2020 results on Jul 29, 2020業績と収益の成長予測DB:FM3 - アナリストの将来予測と過去の財務データ ( )EUR Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20283953125N/A112/31/20274164849N/A112/31/202638731N/AN/A13/31/202644381N/AN/AN/A12/31/202538050148157N/A9/30/202532020N/AN/AN/A6/30/202530719119126N/A3/31/20252648N/AN/AN/A12/31/2024273195357N/A9/30/202429037N/AN/AN/A6/30/2024296426266N/A3/31/202430845N/AN/AN/A12/31/2023284299198N/A9/30/20232361N/AN/AN/A6/30/2023236-26266N/A3/31/2023245-1N/AN/AN/A12/31/2022220-62731N/A9/30/202224466N/AN/AN/A6/30/202223470155161N/A3/31/202214445N/AN/AN/A12/31/202112240108114N/A9/30/202146-20N/AN/AN/A6/30/202122-40-68-63N/A3/31/202128-52N/AN/AN/A12/31/202074-34-60-54N/A9/30/2020163-25N/AN/AN/A6/30/2020182-17514N/A3/31/202025620N/AN/AN/A12/31/201928034N/A93N/A9/30/20192382N/AN/AN/A6/30/20192438N/A60N/A3/31/201924115N/AN/AN/A12/31/201824719N/A23N/A9/30/201827244N/AN/AN/A6/30/201828037N/A29N/A3/31/201827214N/AN/AN/A12/31/20172562N/A37N/A9/30/2017220-29N/AN/AN/A6/30/2017216-25N/A27N/A3/31/2017206-28N/AN/AN/A12/31/2016221-19N/A-25N/A9/30/201628612N/AN/AN/A6/30/20162927N/A1N/A3/31/201633919N/AN/AN/A12/31/20153354N/A49N/A9/30/2015282-13N/AN/AN/A6/30/2015287-4N/A26N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: FM3の収益は今後 3 年間で減少すると予測されています (年間-28.5% )。収益対市場: FM3の収益は今後 3 年間で減少すると予測されています (年間-28.5% )。高成長収益: FM3の収益は今後 3 年間で減少すると予測されています。収益対市場: FM3の収益は今後 3 年間で減少すると予想されています (年間-0.9% )。高い収益成長: FM3の収益は今後 3 年間で減少すると予測されています (年間-0.9% )。一株当たり利益成長率予想将来の株主資本利益率将来のROE: FM3の 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YMedia 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/25 16:12終値2026/06/25 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社の Github ページ でご覧いただけます。また、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Fiera Milano S.p.A. 1 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。3 アナリスト機関Domenico GhilottiEquita SIM S.p.A.Emanuele GallazziEquita SIM S.p.A.Alberto FranceseIntesa Sanpaolo Equity Research
Board Change • May 21High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. Independent Non-Executive Chairperson Carlo Bonomi is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
お知らせ • Mar 16Fiera Milano S.p.A., Annual General Meeting, Apr 22, 2026Fiera Milano S.p.A., Annual General Meeting, Apr 22, 2026, at 15:00 W. Europe Standard Time.
お知らせ • Feb 20Fiera Milano S.p.A. (BIT:FM) signed a binding agreement to acquire 70% stake in Made In Steel S.R.L. from Siderweb S.p.A. for €9.1 million.Fiera Milano S.p.A. (BIT:FM) signed a binding agreement to acquire 70% stake in Made In Steel S.R.L. from Siderweb S.p.A. for €9.1 million on February 18, 2026. The consideration includes an upfront component of up to €7.7 million, payable at closing and subject to adjustment based on net financial position and net working capital. An earn-out mechanism of up to €1.4 million is also envisaged, equal to €0.7 million for each tranche, contingent upon the achievement of specific economic and financial targets for the 2027 and 2029 editions of the event. The transaction will be financed through available cash resources. Siderweb S.p.A. SB, the event’s founder, will retain a 30% stake in the company, ensuring full organizational and brand continuity of the exhibition. In the related transaction, Fiera Milano S.p.A. (BIT:FM) is also the acquisition of Stipa. For the period ending December 31, 2025, Made In Steel S.R.L. reported total revenue of approximately €4.9 million and EBITDA of approximately €1.7 million. The transaction is expected to close in the first quarter of 2026. Ernesto Guaragnella of KPMG Advisory S.p.A. acted as financial advisor and financial due diligence provider for Fiera Milano S.p.A. ADVANT Nctm acted as legal advisor for Fiera Milano S.p.A. Giacomo Andreoli of Sovereign Capital Advisory S.R.L. acted as financial advisor for Made In Steel S.R.L. Baker Tilly Italia Legal S.R.L. acted as legal advisor for Made In Steel S.R.L.
お知らせ • Feb 18Fiera Milano S.p.A. (BIT:FM) entered into a binding agreement to acquire 51% stake in Stipa Spa for €12.1 million.Fiera Milano S.p.A. (BIT:FM) entered into a binding agreement to acquire 51% stake in Stipa Spa for €12.1 million on February 18, 2026. The transaction will be financed through available cash resources. The agreement also provides for option mechanisms for the potential acquisition of the remaining shares held by current shareholders, exercisable in multiple subsequent time frames. For the period ending December 31, 2025, Stipa Spa reported total revenue of €15 million and EBITDA of €3 million. The transaction is expected to be completed in the first quarter of 2026.
Board Change • Dec 30High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Chairperson of the Board of Statutory Auditors Alessandro Solidoro was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Apr 16Fiera Milano S.p.A. (BIT:FM) agreed to acquire 51% stake in Expotrans SPA for €6.3 million.Fiera Milano S.p.A. (BIT:FM) agreed to acquire 51% stake in Expotrans SPA for €6.3 million on April 15, 2025. A cash consideration of €6.3 million will be paid by Fiera Milano S.p.A. The acquisition will take place for a value of €6.3 million, to be paid at closing, with a price adjustment mechanism primarily based on the net financial position. The entire consideration will be financed through available cash resources. The agreement provides for a Put/Call option on the remaining 49% of the shares, exercisable upon approval of the 2028 financial statements, with a maximum value of €13.7 million for the remaining shares, in addition to the net financial position, bringing the total maximum transaction value to €20 million. This structure is designed to ensure managerial stability and the transfer of know-how, securing the commitment of the current management and strong operational continuity. For the period ending December 31, 2024, Expotrans SPA reported total revenue of €28.7 million and EBITDA of €2.2 million. The expected completion of the transaction is the second quarter of 2025. KPMG Advisory S.p.A. acted as financial advisor for Fiera Milano S.p.A. ADVANT Nctm acted as legal advisor for Fiera Milano S.p.A. KPMG S.p.A. acted as due diligence provider for Fiera Milano S.p.A. Vitale&Co. S.P.A. acted as financial advisor for Expotrans SPA. Giliberti Triscornia e Associati Studio Legale acted as legal advisor for Expotrans SPA.
お知らせ • Mar 14+ 1 more updateFiera Milano SpA, Annual General Meeting, Apr 23, 2025Fiera Milano SpA, Annual General Meeting, Apr 23, 2025, at 15:00 W. Europe Standard Time.
お知らせ • Dec 20+ 3 more updatesFiera Milano SpA to Report First Half, 2025 Results on Jul 31, 2025Fiera Milano SpA announced that they will report first half, 2025 results on Jul 31, 2025
Reported Earnings • Nov 14Third quarter 2024 earnings releasedThird quarter 2024 results: €0.099 loss per share. Revenue: €40.1m (down 12% from 3Q 2023). Net loss: €7.02m (loss widened 254% from 3Q 2023). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Oct 18Investor sentiment improves as stock rises 21%After last week's 21% share price gain to €4.02, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Media industry in Germany. Total returns to shareholders of 17% over the past three years.
Reported Earnings • Jul 30Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: €72.0m (down 14% from 2Q 2023). Net income: €15.1m (down 13% from 2Q 2023). Profit margin: 21% (in line with 2Q 2023). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Media industry in Germany.
New Risk • Jul 22New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 12% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 12% per year for the foreseeable future. Minor Risks High level of debt (103% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • May 15First quarter 2024 earnings releasedFirst quarter 2024 results: EPS: €0.11. Revenue: €72.4m (up 50% from 1Q 2023). Net income: €7.68m (up €15.7m from 1Q 2023). Profit margin: 11% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Apr 22Upcoming dividend of €0.14 per shareEligible shareholders must have bought the stock before 29 April 2024. Payment date: 02 May 2024. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (4.8%). In line with average of industry peers (4.2%).
New Risk • Mar 15New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 9.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 9.5% per year for the foreseeable future. Minor Risk High level of debt (212% net debt to equity).
Reported Earnings • Nov 12Third quarter 2023 earnings releasedThird quarter 2023 results: €0.028 loss per share. Revenue: €45.6m (flat on 3Q 2022). Net loss: €1.98m (loss narrowed 55% from 3Q 2022). Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Commercial Services industry in Germany.
New Risk • Nov 11New major risk - Revenue and earnings growthEarnings have declined by 4.0% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.
お知らせ • Jul 29Fiera Milano SpA to Report Q3, 2023 Results on Nov 09, 2023Fiera Milano SpA announced that they will report Q3, 2023 results on Nov 09, 2023
Reported Earnings • Jul 28Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: €84.1m (down 9.3% from 2Q 2022). Net income: €17.2m (down 5.8% from 2Q 2022). Profit margin: 21% (in line with 2Q 2022). Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
お知らせ • May 12Fiera Milano SpA to Report First Half, 2023 Results on Jul 26, 2023Fiera Milano SpA announced that they will report first half, 2023 results on Jul 26, 2023
Reported Earnings • May 03Full year 2022 earnings released: €0.078 loss per share (vs €0.56 profit in FY 2021)Full year 2022 results: €0.078 loss per share (down from €0.56 profit in FY 2021). Revenue: €220.3m (up 80% from FY 2021). Net loss: €5.60m (down 114% from profit in FY 2021). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Reported Earnings • Mar 17Full year 2022 earnings releasedFull year 2022 results: Revenue: €220.3m (up 70% from FY 2021). Net loss: €5.60m (down 113% from profit in FY 2021).
お知らせ • Feb 08Fiera Milano SpA to Report Fiscal Year 2022 Results on Mar 15, 2023Fiera Milano SpA announced that they will report fiscal year 2022 results on Mar 15, 2023
お知らせ • Nov 25Fiera Milano SpA (BIT:FM) acquired 25% stakes in Ge.Fi. Spa Gestione Fiere for €11.75 million.Fiera Milano SpA (BIT:FM) acquired 25% stakes in Ge.Fi. Spa Gestione Fiere for €11.75 million on November 23, 2022. Fiera Milano SpA (BIT:FM) completed the acquisition of 25% stakes in Ge.Fi. Spa Gestione Fiere on November 23, 2022.
Board Change • Nov 16High number of new and inexperienced directorsThere are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Director Stefania Chiaruttini is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Reported Earnings • Nov 13Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: €45.5m (up 29% from 3Q 2021). Net loss: €4.35m (down 447% from profit in 3Q 2021). Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Commercial Services industry in Germany.
Reported Earnings • Jul 29Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: €92.7m (up €89.6m from 2Q 2021). Net income: €18.3m (up €45.6m from 2Q 2021). Profit margin: 20% (up from net loss in 2Q 2021). Over the next year, revenue is expected to shrink by 6.8% compared to a 10% growth forecast for the industry in Germany.
Reported Earnings • May 28First quarter 2022 earnings releasedFirst quarter 2022 results: €0.18 loss per share. Revenue: €23.5m (up €21.9m from 1Q 2021). Net loss: €12.9m (loss narrowed 46% from 1Q 2021). Over the next year, revenue is forecast to grow 26%, compared to a 16% growth forecast for the industry in Germany.
Board Change • Apr 27High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Standing Statutory Auditor Piero Capitini was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Mar 17Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: €0.62 (up from €0.47 loss in FY 2020). Revenue: €129.8m (up 76% from FY 2020). Net income: €43.2m (up €77.1m from FY 2020). Profit margin: 33% (up from net loss in FY 2020). The move to profitability was primarily driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 30%, compared to a 24% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.
Reported Earnings • Nov 10Third quarter 2021 earnings released: EPS €0.018The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €35.3m (up 213% from 3Q 2020). Net income: €1.26m (up €21.4m from 3Q 2020). Profit margin: 3.6% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance.
Reported Earnings • Jul 31Second quarter 2021 earnings releasedThe company reported a decent second quarter result with reduced losses and improved control over expenses, although revenues were weaker. Second quarter 2021 results: Revenue: €3.07m (down 63% from 2Q 2020). Net loss: €1.02m (loss narrowed 95% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 12First quarter 2021 earnings releasedThe company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: €1.53m (down 97% from 1Q 2020). Net loss: €24.0m (loss widened €24.0m from 1Q 2020).
Reported Earnings • Mar 17Full year 2020 earnings released: €0.47 loss per share (vs €0.48 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €73.6m (down 74% from FY 2019). Net loss: €33.9m (down 199% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 66% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.
Is New 90 Day High Low • Mar 10New 90-day high: €3.16The company is up 8.0% from its price of €2.92 on 09 December 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.05 per share.
お知らせ • Dec 16+ 4 more updatesFiera Milano SpA to Report First Half, 2021 Results on Jul 28, 2021Fiera Milano SpA announced that they will report first half, 2021 results on Jul 28, 2021
Is New 90 Day High Low • Dec 07New 90-day high: €2.96The company is up 11% from its price of €2.67 on 08 September 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Commercial Services industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.09 per share.
Is New 90 Day High Low • Nov 19New 90-day high: €2.81The company is up 13% from its price of €2.49 on 20 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.06 per share.
Is New 90 Day High Low • Oct 14New 90-day low: €2.26The company is down 26% from its price of €3.07 on 16 July 2020. The German market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.88 per share.
お知らせ • Sep 21Fiera Milano SpA(BIT:FM) dropped from S&P Global BMI IndexFiera Milano SpA(BIT:FM) dropped from S&P Global BMI Index
お知らせ • Aug 01Fiera Milano SpA (BIT:FM) completed the acquisition of 60% stake in MADE eventi srl from Federlegno Arredo Eventi spa.Fiera Milano SpA (BIT:FM) signed a preliminary binding contract to acquire 60% stake in MADE eventi srl from Federlegno Arredo Eventi spa for €1.9 million on July 17, 2019. The price is based on the absence of any financial debts of MADE eventi srl. The signing of the purchase agreement is expected by the end of October 2019. As of November 14, 2019, the transaction is expected to close by end of 2019. Nicola Brunetti of Gattai Minoli Agostinelli acted as a legal advisor to Fiera Milano. Fiera Milano SpA (BIT:FM) completed the acquisition of 60% stake in MADE eventi srl from Federlegno Arredo Eventi spa on December 5, 2019.
お知らせ • Jul 23Fiera Milano SpA to Report First Half, 2020 Results on Jul 29, 2020Fiera Milano SpA announced that they will report first half, 2020 results on Jul 29, 2020