Reported Earnings • May 22
Full year 2025 earnings released Full year 2025 results: Revenue: €137.4m (up 42% from FY 2024). Net income: €3.85m (up 133% from FY 2024). Profit margin: 2.8% (up from 1.7% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Media industry in Italy. Announcement • May 19
Promotica S.p.A. announces Annual dividend, payable on July 15, 2026 Promotica S.p.A. announced Annual dividend of EUR 0.1500 per share payable on July 15, 2026, ex-date on July 13, 2026 and record date on July 14, 2026. New Risk • Apr 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (6.0% operating cash flow to total debt). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (2.2% net profit margin). Market cap is less than US$100m (€41.2m market cap, or US$48.5m). New Risk • Mar 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.2% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (6.0% operating cash flow to total debt). Minor Risks Dividend is not well covered by cash flows (134% cash payout ratio). Share price has been volatile over the past 3 months (5.2% average weekly change). Profit margins are more than 30% lower than last year (2.2% net profit margin). Market cap is less than US$100m (€43.9m market cap, or US$50.9m). Upcoming Dividend • Jun 16
Upcoming dividend of €0.09 per share Eligible shareholders must have bought the stock before 23 June 2025. Payment date: 25 June 2025. Payout ratio is on the higher end at 92%, however this is supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of Italian dividend payers (5.5%). Lower than average of industry peers (5.7%). New Risk • May 22
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: 4.1% 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 Interest payments are not well covered by earnings (1.3x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (1.7% net profit margin). Market cap is less than US$100m (€36.2m market cap, or US$40.9m). Major Estimate Revision • May 20
Consensus revenue estimates increase by 28% The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from €109.0m to €140.0m. EPS estimate unchanged from €0.38 at last update. Media industry in Italy expected to see average net income growth of 94% next year. Consensus price target up from €5.82 to €6.32. Share price rose 3.0% to €2.08 over the past week. Reported Earnings • May 07
Full year 2024 earnings released Full year 2024 results: Revenue: €96.0m (up 13% from FY 2023). Net income: €1.66m (down 50% from FY 2023). Profit margin: 1.7% (down from 3.9% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Media industry in Italy. Announcement • May 07
Promotica S.p.A. announces Annual dividend, payable on June 25, 2025 Promotica S.p.A. announced Annual dividend of EUR 0.0900 per share payable on June 25, 2025, ex-date on June 23, 2025 and record date on June 24, 2025. New Risk • Apr 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (83% net debt to equity). Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (€32.6m market cap, or US$37.1m). Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to €2.54, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Media industry in Italy. Total loss to shareholders of 16% over the past three years. Reported Earnings • Oct 04
First half 2024 earnings released First half 2024 results: EPS: €0.13. Revenue: €60.8m (up 83% from 1H 2023). Net income: €2.14m (up €2.57m from 1H 2023). Profit margin: 3.5% (up from net loss in 1H 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Media industry in Italy. Announcement • Aug 29
Promotica S.p.A. to Report First Half, 2024 Results on Sep 27, 2024 Promotica S.p.A. announced that they will report first half, 2024 results on Sep 27, 2024 Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €2.28, the stock trades at a trailing P/E ratio of 11.9x. Average forward P/E is 8x in the Media industry in Italy. Total loss to shareholders of 16% over the past three years. New Risk • Jun 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (22% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (€36.3m market cap, or US$39.0m). Announcement • May 19
Promotica S.p.A., Annual General Meeting, May 31, 2024 Promotica S.p.A., Annual General Meeting, May 31, 2024, at 18:00 W. Europe Standard Time. Location: via monte baldo 111, desenzano del garda bs Italy Reported Earnings • May 03
Full year 2023 earnings released Full year 2023 results: Revenue: €84.5m (down 6.4% from FY 2022). Net income: €3.28m (up 3.0% from FY 2022). Profit margin: 3.9% (up from 3.5% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Media industry in Italy. New Risk • Apr 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.6x net interest cover). Earnings have declined by 1.3% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (6.4% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (€34.3m market cap, or US$36.5m). New Risk • Apr 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.6x net interest cover). Earnings have declined by 1.3% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (€36.6m market cap, or US$39.4m). New Risk • Jan 05
New major risk - Revenue and earnings growth Earnings have declined by 1.3% 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. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.6x net interest cover). Earnings have declined by 1.3% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (€42.1m market cap, or US$46.1m). Price Target Changed • Jan 05
Price target increased by 11% to €7.00 Up from €6.32, the current price target is an average from 2 analysts. New target price is 182% above last closing price of €2.48. Stock is down 17% over the past year. The company is forecast to post earnings per share of €0.27 for next year compared to €0.19 last year. Announcement • Aug 29
Promotica S.p.A. to Report First Half, 2023 Results on Sep 28, 2023 Promotica S.p.A. announced that they will report first half, 2023 results on Sep 28, 2023 Price Target Changed • Jun 09
Price target decreased by 19% to €5.13 Down from €6.32, the current price target is an average from 2 analysts. New target price is 85% above last closing price of €2.78. Stock is down 1.4% over the past year. Major Estimate Revision • Jun 08
Consensus EPS estimates fall by 13% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from €0.31 to €0.27 per share. Revenue forecast steady at €95.2m. Net income forecast to grow 48% next year vs 62% growth forecast for Media industry in Italy. Consensus price target down from €6.32 to €6.07. Share price was steady at €2.82 over the past week. Reported Earnings • May 31
Full year 2022 earnings released Full year 2022 results: Revenue: €89.9m (up 125% from FY 2021). Net income: €3.19m (up 131% from FY 2021). Profit margin: 3.5% (in line with FY 2021). Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Media industry in Italy. Board Change • Nov 16
Less than half of directors are independent 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. No highly experienced directors. 1 independent director (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Price Target Changed • Sep 30
Price target decreased to €7.00 Down from €7.60, the current price target is provided by 1 analyst. New target price is 171% above last closing price of €2.58. Stock is down 18% over the past year. The company posted earnings per share of €0.086 last year. Reported Earnings • Sep 27
First half 2022 earnings released: EPS: €0 (vs €0.043 in 1H 2021) First half 2022 results: EPS: €0. Revenue: €45.3m (up 287% from 1H 2021). Net income: €1.33m (up 93% from 1H 2021). Profit margin: 2.9% (down from 5.9% in 1H 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Online Retail industry in Europe. Announcement • Aug 10
Promotica S.p.A. to Report First Half, 2022 Results on Sep 08, 2022 Promotica S.p.A. announced that they will report first half, 2022 results on Sep 08, 2022 Announcement • Jul 30
Promotica S.p.A. announced that it expects to receive €2.499999 million in funding Promotica S.p.A. announced a private placement to issue 833,333 common shares at a price of €3 per share for gross proceeds maximum of of €2,499,999 on July 28, 2022. Out of gross proceeds €41,666.65 as capital social security and €2,499,999 as a premium. The transaction is approved by the board of directors of the company. Announcement • Jun 14
Promotica S.p.A. (BIT:PMT) agreed to acquire Mercati S.R.L. for €7 million. Promotica S.p.A. (BIT:PMT) agreed to acquire Mercati S.R.L. for €7 million on June 13, 2022. Closing of transaction is expected with July 31, 2022. Price Target Changed • May 24
Price target increased to €7.00 Up from €4.40, the current price target is provided by 1 analyst. New target price is 141% above last closing price of €2.90. Stock is up 0.3% over the past year. Reported Earnings • May 22
Full year 2021 earnings released Full year 2021 results: Revenue: €39.6m (down 31% from FY 2020). Net income: €1.43m (down 69% from FY 2020). Profit margin: 3.6% (down from 8.0% in FY 2020). Board Change • Apr 27
Less than half of directors are independent 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. No highly experienced directors. 1 independent director (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Dec 02
Promotica S.p.A. (BIT:PMT) acquired 80% stake in Grani & Partners S.p.A. from Giochi Preziosi S.p.A. Promotica S.p.A. (BIT:PMT) acquired 80% stake in Grani & Partners S.p.A. from Giochi Preziosi S.p.A. on November 30, 2021.
Promotica S.p.A. (BIT:PMT) completed the acquisition of 80% stake in Grani & Partners S.p.A. from Giochi Preziosi S.p.A. on November 30, 2021. Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment improved over the past week After last week's 15% share price gain to €3.08, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 24x in the Online Retail industry in Europe.