Elica S.p.A. ( (IT:ELC) ) just unveiled an update.
Elica S.p.A. has announced the purchase of 65,600 of its own shares as part of a buyback program authorized by its shareholders. This move, which took place between March 25 and April 11, 2025, at an average price of 1.22 euros per share, reflects the company’s strategic initiative to consolidate its share capital, now holding 6.24% of its own shares. This buyback could potentially strengthen Elica’s market position and influence shareholder value.
More about Elica S.p.A.
Elica S.p.A. is an Italian company renowned for its innovative design and production of household appliances, particularly in cooking and kitchen extraction systems. With over 50 years of history, Elica is a global leader in its field and a European reference in electric motors for household appliances and heating boilers. The company employs approximately 2,600 people across its headquarters in Fabriano and seven plants located in Italy, Poland, Mexico, and China.
YTD Price Performance: -36.18%
Average Trading Volume: 905
Technical Sentiment Signal: Strong Buy
Current Market Cap: €70.92M
Learn more about ELC stock on TipRanks’ Stock Analysis page.