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Elica S.p.A. ( (IT:ELC) ) has issued an announcement.
Elica S.p.A. has acquired full ownership of its Chinese subsidiary, Elica Home Appliances (Zhejiang) Co., transforming it into a strategic sourcing hub. This move aims to enhance operational efficiency and support business development in Europe and North America, with an expected annual benefit of about 1 million euros.
The most recent analyst rating on (IT:ELC) stock is a Buy with a EUR1.80 price target. To see the full list of analyst forecasts on Elica S.p.A. stock, see the IT:ELC Stock Forecast page.
More about Elica S.p.A.
Elica S.p.A. operates in the home appliances industry, focusing on cooking appliances. The company is known for its innovative kitchen solutions and has a significant market presence in Europe and North America.
Average Trading Volume: 56,614
Technical Sentiment Signal: Sell
Current Market Cap: €87.7M
See more insights into ELC stock on TipRanks’ Stock Analysis page.