Board Change • May 21
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 4 highly experienced directors. Chairman of the Board Ambrogio Dominioni was the last director to join the board, commencing their role in 2010. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Mar 24
Tesmec S.p.A., Annual General Meeting, Apr 23, 2026 Tesmec S.p.A., Annual General Meeting, Apr 23, 2026, at 10:30 W. Europe Standard Time. Announcement • Mar 21
Tesmec S.p.A., Annual General Meeting, Apr 30, 2025 Tesmec S.p.A., Annual General Meeting, Apr 30, 2025, at 10:30 W. Europe Standard Time. Reported Earnings • Nov 10
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: €64.8m (down 5.0% from 3Q 2023). Net loss: €1.30m (down 147% from profit in 3Q 2023). Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. New Risk • Aug 18
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.9x net interest cover). Share price has been highly volatile over the past 3 months (21% average weekly change). Minor Risk Market cap is less than US$100m (€48.6m market cap, or US$53.5m). Reported Earnings • Aug 18
Second quarter 2024 earnings released: €0.003 loss per share (vs €0.001 loss in 2Q 2023) Second quarter 2024 results: €0.003 loss per share (further deteriorated from €0.001 loss in 2Q 2023). Revenue: €64.9m (down 4.3% from 2Q 2023). Net loss: €1.60m (loss widened 192% from 2Q 2023). Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 08
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: €64.9m (down 4.3% from 2Q 2023). Net loss: €1.08m (loss widened 97% from 2Q 2023). Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Germany. New Risk • May 22
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.8x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.8x net interest cover). Share price has been highly volatile over the past 3 months (23% average weekly change). Minor Risk Market cap is less than US$100m (€56.1m market cap, or US$60.9m). Reported Earnings • May 13
First quarter 2024 earnings released: €0.002 loss per share (vs €0.004 loss in 1Q 2023) First quarter 2024 results: €0.002 loss per share (improved from €0.004 loss in 1Q 2023). Revenue: €59.3m (up 3.2% from 1Q 2023). Net loss: €1.14m (loss narrowed 54% from 1Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 4.2% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Apr 09
Now 41% undervalued after recent price drop Over the last 90 days, the stock has fallen 24% to €0.086. The fair value is estimated to be €0.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 8.8% in a year. Earnings are forecast to decline by 22% in the next year. New Risk • Mar 11
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.8x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.8x net interest cover). Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risk Market cap is less than US$100m (€63.9m market cap, or US$69.9m). Reported Earnings • Mar 10
Full year 2023 earnings released Full year 2023 results: Revenue: €251.9m (up 2.7% from FY 2022). Net loss: €2.70m (down 134% from profit in FY 2022). Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 3.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 07
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: €68.2m (up 13% from 3Q 2022). Net income: €3.21m (up 135% from 3Q 2022). Profit margin: 4.7% (up from 2.3% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Machinery industry in Germany. New Risk • Aug 07
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.0x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.0x net interest cover). Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Market cap is less than US$100m (€78.6m market cap, or US$86.4m). Reported Earnings • Aug 06
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: €67.8m (up 18% from 2Q 2022). Net loss: €141.0k (down 102% from profit in 2Q 2022). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 131% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. New Risk • Aug 04
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 9.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.7x net interest cover). Share price has been highly volatile over the past 3 months (9.5% average weekly change). Minor Risk Market cap is less than US$100m (€78.2m market cap, or US$86.3m). Reported Earnings • May 16
First quarter 2023 earnings released: €0.004 loss per share (vs €0.003 profit in 1Q 2022) First quarter 2023 results: €0.004 loss per share (down from €0.003 profit in 1Q 2022). Revenue: €57.5m (up 2.9% from 1Q 2022). Net loss: €2.46m (down 223% from profit in 1Q 2022). Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Buying Opportunity • May 03
Now 26% undervalued after recent price drop Over the last 90 days, the stock is down 4.7%. The fair value is estimated to be €0.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last 3 years. Earnings per share has grown by 51%. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings is also forecast to grow by 33% per annum over the same time period. Buying Opportunity • Apr 03
Now 23% undervalued Over the last 90 days, the stock is up 7.3%. The fair value is estimated to be €0.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last 3 years. Earnings per share has grown by 45%. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings is also forecast to grow by 32% per annum over the same time period. Reported Earnings • Mar 12
Full year 2022 earnings released Full year 2022 results: Revenue: €245.2m (up 26% from FY 2021). Net income: €7.90m (up €6.71m from FY 2021). Profit margin: 3.2% (up from 0.6% in FY 2021). The increase in margin was driven by higher revenue. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 5 highly experienced directors. Chairman & CEO Ambrogio Dominioni was the last director to join the board, commencing their role in 2010. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Nov 08
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: €60.2m (up 27% from 3Q 2021). Net income: €1.32m (up 28% from 3Q 2021). Profit margin: 2.2% (in line with 3Q 2021). Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 4.0% growth forecast for the Machinery industry in Germany. Reported Earnings • May 16
First quarter 2022 earnings released: EPS: €0.003 (vs €0.002 in 1Q 2021) First quarter 2022 results: EPS: €0.003 (up from €0.002 in 1Q 2021). Revenue: €55.9m (up 14% from 1Q 2021). Net income: €2.00m (up 83% from 1Q 2021). Profit margin: 3.6% (up from 2.2% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 20%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has fallen by 32% per year, which means it is performing significantly worse than earnings. Announcement • May 12
Tesmec S.p.A. Provides Earnings Guidance for the Year 2022 Tesmec S.p.A. provides earnings guidance for the year 2022. For the year, the company expects revenues over EUR 240 million. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 5 highly experienced directors. Chairman & CEO Ambrogio Dominioni was the last director to join the board, commencing their role in 2010. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Mar 13
Full year 2021 earnings: Revenues exceed analyst expectations Full year 2021 results: Revenue: €194.3m (up 14% from FY 2020). Net income: €1.20m (up €8.03m from FY 2020). Profit margin: 0.6% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 32% per year, which means it has not declined as severely as earnings. Announcement • Mar 07
Tesmec S.p.A. to Report Fiscal Year 2021 Results on Mar 11, 2022 Tesmec S.p.A. announced that they will report fiscal year 2021 results on Mar 11, 2022 Reported Earnings • Nov 09
Third quarter 2021 earnings released The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €47.3m (up 2.7% from 3Q 2020). Net income: €987.0k (up €1.88m from 3Q 2020). Profit margin: 2.1% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 38% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 09
Second quarter 2021 earnings released The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: €47.9m (up 23% from 2Q 2020). Net loss: €81.0k (loss narrowed 91% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 21 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 17
Full year 2020 earnings released: €0.067 loss per share (vs €0.029 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: €170.7m (down 15% from FY 2019). Net loss: €6.83m (down 330% from profit in FY 2019). Announcement • Feb 23
Tesmec S.p.A. to Report Fiscal Year 2020 Results on Mar 12, 2021 Tesmec S.p.A. announced that they will report fiscal year 2020 results on Mar 12, 2021