Fiera Milano S.p.A.

BIT:FM Stock Report

Market Cap: €609.2m

Fiera Milano Management

Management criteria checks 1/4

We currently do not have sufficient information about the CEO.

Key information

Francesco Conci

Chief executive officer

€3.0m

Total compensation

CEO salary percentage9.28%
CEO tenure3.1yrs
CEO ownershipn/a
Management average tenure3.6yrs
Board average tenure1.1yrs

Recent management updates

Recent updates

Analysis Article May 16

Fiera Milano S.p.A. (BIT:FM) First-Quarter Results: Here's What Analysts Are Forecasting For This Year

It's been a pretty great week for Fiera Milano S.p.A. ( BIT:FM ) shareholders, with its shares surging 14% to €8.70 in...
Analysis Article Nov 16

Revenue Beat: Fiera Milano S.p.A. Exceeded Revenue Forecasts By 5.7% And Analysts Are Updating Their Estimates

Shareholders might have noticed that Fiera Milano S.p.A. ( BIT:FM ) filed its second-quarter result this time last...
Narrative Update Aug 07

International And Digital Events Will Drive Long-Term Momentum

Despite a significant reduction in consensus revenue growth forecasts and a higher future P/E multiple, Fiera Milano’s analyst price target has been notably increased from €6.03 to €7.00. What's in the News Fiera Milano S.p.A. raised full-year 2025 earnings guidance, now expecting revenues between EUR 350 million and EUR 370 million, up from the previous range of EUR 320 million to EUR 340 million.
Analysis Article May 15

Fiera Milano (BIT:FM) Has A Somewhat Strained Balance Sheet

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article Apr 16

Fiera Milano (BIT:FM) Is Paying Out A Larger Dividend Than Last Year

The board of Fiera Milano S.p.A. ( BIT:FM ) has announced that it will be paying its dividend of €0.20 on the 30th of...
Analysis Article Apr 08

Some May Be Optimistic About Fiera Milano's (BIT:FM) Earnings

Fiera Milano S.p.A.'s ( BIT:FM ) stock was strong despite it releasing a soft earnings report last week. However, we...
Analysis Article Mar 19

Returns On Capital At Fiera Milano (BIT:FM) Paint A Concerning Picture

When we're researching a company, it's sometimes hard to find the warning signs, but there are some financial metrics...
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New Narrative Mar 10

Launching Net Zero Milan And New Events Will Diversify Sectors, But Profit Margins May Shrink

New exhibitions and strategic events planning are set to diversify revenue streams, enhancing growth in decarbonization and entertainment sectors.
Analysis Article Feb 13

Revenues Not Telling The Story For Fiera Milano SpA (BIT:FM) After Shares Rise 33%

Fiera Milano SpA ( BIT:FM ) shareholders have had their patience rewarded with a 33% share price jump in the last...
Analysis Article Feb 13

Here's Why Fiera Milano (BIT:FM) Can Manage Its Debt Responsibly

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Analysis Article Oct 19

Returns On Capital Are Showing Encouraging Signs At Fiera Milano (BIT:FM)

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'd want to...
Analysis Article Jul 23

Fiera Milano SpA's (BIT:FM) Popularity With Investors Is Under Threat From Overpricing

Fiera Milano SpA's ( BIT:FM ) price-to-sales (or "P/S") ratio of 1x may not look like an appealing investment...
Analysis Article Mar 21

The Strong Earnings Posted By Fiera Milano (BIT:FM) Are A Good Indication Of The Strength Of The Business

Fiera Milano SpA ( BIT:FM ) recently posted some strong earnings, and the market responded positively. We did some...
Analysis Article Mar 17

€3.80 - That's What Analysts Think Fiera Milano SpA (BIT:FM) Is Worth After These Results

It's been a good week for Fiera Milano SpA ( BIT:FM ) shareholders, because the company has just released its latest...
Analysis Article Mar 01

Unpleasant Surprises Could Be In Store For Fiera Milano SpA's (BIT:FM) Shares

With a median price-to-sales (or "P/S") ratio of close to 0.9x in the Commercial Services industry in Italy, you could...
Analysis Article Mar 22

We Think Fiera Milano's (BIT:FM) Robust Earnings Are Conservative

Fiera Milano SpA's ( BIT:FM ) stock was strong after they reported robust earnings. We did some analysis and think that...
Analysis Article Aug 02

Analysts Just Slashed Their Fiera Milano SpA (BIT:FM) EPS Numbers

The latest analyst coverage could presage a bad day for Fiera Milano SpA ( BIT:FM ), with the analysts making...
Analysis Article Jun 08

Fiera Milano (BIT:FM) Has Debt But No Earnings; Should You Worry?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article May 12

Newsflash: Fiera Milano SpA (BIT:FM) Analysts Have Been Trimming Their Revenue Forecasts

Market forces rained on the parade of Fiera Milano SpA ( BIT:FM ) shareholders today, when the analysts downgraded...
Analysis Article Mar 24

Are Investors Undervaluing Fiera Milano SpA (BIT:FM) By 46%?

How far off is Fiera Milano SpA ( BIT:FM ) from its intrinsic value? Using the most recent financial data, we'll take a...
Analysis Article Feb 22

Will the Promising Trends At Fiera Milano (BIT:FM) Continue?

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'll...
Analysis Article Feb 02

Does It Make Sense To Buy Fiera Milano SpA (BIT:FM) For Its Yield?

Dividend paying stocks like Fiera Milano SpA ( BIT:FM ) tend to be popular with investors, and for good reason - some...
Analysis Article Jan 11

Fiera Milano (BIT:FM) Shareholders Have Enjoyed A 63% Share Price Gain

Generally speaking the aim of active stock picking is to find companies that provide returns that are superior to the...
Analysis Article Dec 21

We Think Fiera Milano (BIT:FM) Is Taking Some Risk With Its Debt

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

CEO Compensation Analysis

How has Francesco Conci's remuneration changed compared to Fiera Milano's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

€81m

Dec 31 2025€3m€280k

€50m

Sep 30 2025n/an/a

€20m

Jun 30 2025n/an/a

€19m

Mar 31 2025n/an/a

€8m

Dec 31 2024€686k€283k

€19m

Sep 30 2024n/an/a

€37m

Jun 30 2024n/an/a

€42m

Mar 31 2024n/an/a

€45m

Dec 31 2023€500k€198k

€29m

Compensation vs Market: Francesco's total compensation ($USD3.51M) is above average for companies of similar size in the Italian market ($USD1.06M).

Compensation vs Earnings: Francesco's compensation has increased by more than 20% in the past year.


CEO

Francesco Conci

3.1yrs
Tenure
€3,018,521
Compensation

Mr. Francesco Conci is CEO, GM & Director of Fiera Milano SpA from April 27, 2023. He served as Managing Director of Fiera Milano Congressi SpA of Fiera Milano SpA.


Leadership Team

NamePositionTenureCompensationOwnership
Francesco Conci
CEO, GM & Director3.1yrs€3.02mno data
Massimo De Tullio
Financial Reporting Officerno datano datano data
Vincenzo Cecere
Head of Investor Relations & Sustainability4.2yrsno datano data
Alessio Minutoli
Secretary of the Board and Legal3.6yrsno datano data
3.6yrs
Average Tenure

Experienced Management: FM's management team is considered experienced (3.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Francesco Conci
CEO, GM & Director3.1yrs€3.02mno data
Carlo Ferro
Independent Directorless than a yearno datano data
Maria Mosconi
Independent Directorless than a yearno datano data
Maurizio Dallocchio
Independent Directorless than a yearno datano data
Michaela Castelli
Independent Director3.1yrs€97.40kno data
Carlo Bonomi
Independent Non-Executive Chairperson6.1yrs€226.61kno data
Piero Capitini
Standing Statutory Auditor5.1yrsno datano data
Enrico Giarda
Chairperson of Supervisory Committee5.3yrsno datano data
Alessandro Solidoro
Chairperson of the Board of Statutory Auditors2.1yrsno datano data
Matteo Lunelli
Independent Directorless than a yearno datano data
Costanza Esclapon Villeneuve
Independent Directorless than a yearno datano data
Veronica Squinzi
Independent Directorless than a yearno datano data
1.1yrs
Average Tenure
59.5yo
Average Age

Experienced Board: FM's board of directors are not considered experienced ( 1.1 years average tenure), which suggests a new board.


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/25 13:15
End of Day Share Price 2026/05/25 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Fiera Milano S.p.A. is covered by 3 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Domenico GhilottiEquita SIM S.p.A.
Emanuele GallazziEquita SIM S.p.A.
Alberto FranceseIntesa Sanpaolo Equity Research