Bialetti Industrie S.p.A. ( (IT:BIA) ) just unveiled an announcement.
Bialetti Industrie S.p.A. is in advanced negotiations with N.U.O. Capital S.A. for the sale of a controlling interest in its share capital, a move that aligns with its New Restructuring Agreement. This transaction aims to repay part of Bialetti’s financial debt and strengthen its equity, although no binding agreement has been reached yet. The company reported a 6% increase in revenues to approximately 150 million euros for 2024, with a 20% rise in normalized EBITDA, highlighting its financial growth despite ongoing negotiations.
More about Bialetti Industrie S.p.A.
Bialetti Industrie S.p.A. is a leading Italian industrial company known for its production and marketing of houseware products, particularly in the coffee preparation market. The company is recognized for its iconic Bialetti brand, which includes traditional and electric coffee makers and espresso machines, all produced in its roasting plant in Coccaglio. Bialetti is celebrated for its Italian design, quality, safety, and technological innovation, while also prioritizing social and environmental responsibilities.
YTD Price Performance: 3.23%
Technical Sentiment Signal: Hold
Current Market Cap: €37.41M
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