Tillkännagivande • 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. Tillkännagivande • 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. Tillkännagivande • 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. Tillkännagivande • 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. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €6.44, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 11x in the Specialty Retail industry in Germany. Total returns to shareholders of 40% over the past three years. Buy Or Sell Opportunity • Nov 05
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 77% to €5.86. The fair value is estimated to be €4.71, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 5.5%. Valuation Update With 7 Day Price Move • Oct 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €3.86, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 11x in the Specialty Retail industry in Germany. Total loss to shareholders of 14% over the past three years. Buy Or Sell Opportunity • Sep 23
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 16% to €3.01. The fair value is estimated to be €3.87, 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. Earnings per share has grown by 5.5%. Buy Or Sell Opportunity • Aug 09
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to €3.15. The fair value is estimated to be €4.00, 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. Earnings per share has grown by 5.5%. Reported Earnings • Aug 05
First half 2024 earnings released: EPS: €0.057 (vs €0.15 in 1H 2023) First half 2024 results: EPS: €0.057 (down from €0.15 in 1H 2023). Revenue: €143.4m (down 2.2% from 1H 2023). Net income: €2.82m (down 62% from 1H 2023). Profit margin: 2.0% (down from 5.1% in 1H 2023). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Tillkännagivande • 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 Buy Or Sell Opportunity • Jun 17
Now 20% overvalued Over the last 90 days, the stock has fallen 10% to €3.67. The fair value is estimated to be €3.05, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 25%. Buy Or Sell Opportunity • May 23
Now 21% overvalued Over the last 90 days, the stock has fallen 13% to €3.70. The fair value is estimated to be €3.06, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 25%. Upcoming Dividend • Apr 15
Upcoming dividend of €0.15 per share Eligible shareholders must have bought the stock before 22 April 2024. Payment date: 24 April 2024. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of German dividend payers (4.8%). In line with average of industry peers (3.5%). Reported Earnings • Mar 10
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. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. New Risk • Feb 16
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 Risk Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Dividend is not well covered by cash flows (483% cash payout ratio). 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. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. 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 German dividend payers (4.7%). 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 18% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Jan 18
Now 21% undervalued Over the last 90 days, the stock is up 12%. The fair value is estimated to be €6.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.8% over the last 3 years. Earnings per share has grown by 11%. Tillkännagivande • 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 • Aug 02
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €4.14m from profit in 1H 2021). Profit margin: (down from 4.0% in 1H 2021). The decrease in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 6% per year. Tillkännagivande • May 04
BasicNet S.p.A., Annual General Meeting, May 30, 2022 BasicNet S.p.A., Annual General Meeting, May 30, 2022, at 09:30 Coordinated Universal Time. Agenda: To authorise the purchase and disposal of treasury shares, subject to revocation of the previous authorisation. Upcoming Dividend • Apr 18
Upcoming dividend of €0.12 per share Eligible shareholders must have bought the stock before 25 April 2022. Payment date: 27 April 2022. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (3.9%). Lower than average of industry peers (2.8%). Tillkännagivande • Apr 15
BasicNet S.p.A. to Report First Half, 2022 Results on Jul 29, 2022 BasicNet S.p.A. announced that they will report first half, 2022 results on Jul 29, 2022 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 3% per year, which means it has not declined as severely as earnings. Tillkännagivande • Mar 06
BasicNet S.p.A., Annual General Meeting, Apr 13, 2022 BasicNet S.p.A., Annual General Meeting, Apr 13, 2022, at 11:00 Central European Standard Time. Location: registered office in Turin Largo Maurizio Vitale,1 Turin Italy Agenda: To discuss Independent Auditors' Report and the Board of Statutory Auditors' Report;Proposal for the allocation of the net profit for 2021;Remuneration Policy and Report;Appointment of the Board of Directors;Appointment of the Board of Statutory Auditors; and subject matters. Tillkännagivande • Dec 24
BasicNet S.p.A. (BIT:BAN) signed a letter of intent to acquire K-Way France SARL from its shareholders for €14 million. BasicNet S.p.A. (BIT:BAN) signed a letter of intent to acquire K-Way France SARL from its shareholders for €14 million on December 23, 2021. Under the terms, BasicNet will pay fixed price of €8 million and an earnout variable price of €6 million based on reported net profits by K-Way France for the period 2022-2025. The financial commitment needed for the transaction will be supported by the existing credit lines and by the foreseeable cash flow. The transaction is subject to the positive outcome of the legal, tax and labour law due diligence, and the definition and signing of the contractual documentation. Closing of the transaction is expected by by June 30, 2022. Reported Earnings • Aug 03
First half 2021 earnings released The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €102.6m (up 18% from 1H 2020). Net income: €4.14m (up €9.66m from 1H 2020). Profit margin: 4.0% (up from net loss in 1H 2020). The move to profitability was driven by higher revenue. Tillkännagivande • May 05
BasicNet S.p.A. (BIT:BAN) commences an Equity Buyback Plan for €10 million worth of its shares, under the authorization approved on April 8, 2021. BasicNet S.p.A. (BIT:BAN) commences share repurchases on April 30, 2021, under the program mandated by the shareholders in the Annual General Meeting held on April 8, 2021. As per the mandate, the company is authorized to repurchase up to €10 million worth of its shares, representing 20% of its issued share capital such that at any given time these shares do not exceed overall 20% of the share capital. The shares will repurchased at a price not lower than 15% below and not higher than 15% above the price reported in the trading session preceding each individual transaction. The shares repurchased may be disposed. The purpose of the program is to enable the company to have available a portfolio of treasury shares to be used to assist projects of developing upon the strategic guidelines under which share swap or disposal opportunities are presented or as a guarantee for financing operations or to tap into any future opportunities to grow the value of the company. The authorization will be valid until the next Annual General Meeting to be held for the approval of the 2021 Annual accounts. As of March 18, 2021, the company has a share capital of 60,993,602 ordinary shares and held 8,588,751 shares in treasury comprising 14.08% of the share capital. Upcoming Dividend • Apr 12
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 German dividend payers (3.2%). Lower than average of industry peers (2.5%). Reported Earnings • Mar 21
Full year 2020 earnings released: EPS €0.16 (vs €0.39 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €213.8m (down 14% from FY 2019). Net income: €8.58m (down 59% from FY 2019). Profit margin: 4.0% (down from 8.4% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Mar 05
New 90-day high: €4.25 The company is up 16% from its price of €3.66 on 04 December 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 4.0% over the same period. Tillkännagivande • Mar 04
BasicNet S.p.A., Annual General Meeting, Apr 08, 2021 BasicNet S.p.A., Annual General Meeting, Apr 08, 2021, at 11:00 Central European Standard Time. Agenda: To consider approval of the Financial Statements at December 31, 2020. Is New 90 Day High Low • Dec 30
New 90-day high: €4.25 The company is up 35% from its price of €3.14 on 01 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is down 3.0% over the same period. Is New 90 Day High Low • Dec 04
New 90-day high: €3.65 The company is up 10.0% from its price of €3.30 on 04 September 2020. The German market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 6.0% over the same period. Valuation Update With 7 Day Price Move • Nov 13
Market bids up stock over the past week After last week's 19% share price gain to €3.29, the stock is trading at a trailing P/E ratio of 41.1x, up from the previous P/E ratio of 34.5x. This compares to an average P/E of 19x in the Specialty Retail industry in Europe. Total returns to shareholders over the past three years are 6.0%. Valuation Update With 7 Day Price Move • Nov 11
Market bids up stock over the past week After last week's 15% share price gain to €3.26, the stock is trading at a trailing P/E ratio of 41.5x, up from the previous P/E ratio of 35.9x. This compares to an average P/E of 18x in the Specialty Retail industry in Europe. Total returns to shareholders over the past three years are 4.7%. Is New 90 Day High Low • Oct 24
New 90-day low: €3.02 The company is down 19% from its price of €3.70 on 24 July 2020. The German market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 12% over the same period. Is New 90 Day High Low • Sep 22
New 90-day low: €3.22 The company is down 17% from its price of €3.86 on 24 June 2020. The German market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 16% over the same period.