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Longino & Cardenal SpA ( (IT:LON) ) has provided an announcement.
Longino & Cardenal’s shareholders approved the 2025 financial statements, which showed slightly lower revenues but improved contribution margin and adjusted profitability, alongside a wider net loss at group level and a significant loss at the parent-company level, while net financial indebtedness decreased. The meeting resolved to carry forward the 2025 loss, appointed EY as the new audit firm for 2026–2028 and authorized a treasury share buyback of up to 20% of the share capital, giving the company a flexible tool to support liquidity, incentive plans and potential extraordinary transactions within a €200,000 cap on purchases.
The buyback authorization, valid for 18 months on the purchase side and without time limits for disposals, is structured to allow operations on Euronext Growth Milan within a defined price range relative to the market price, underscoring management’s focus on capital structure management and market positioning. These decisions collectively suggest a strategy aimed at strengthening governance and financial flexibility despite current losses, with implications for shareholders in terms of potential share liquidity support and future use of treasury shares in investment or strategic deals.
The most recent analyst rating on (IT:LON) stock is a Buy with a EUR2.20 price target. To see the full list of analyst forecasts on Longino & Cardenal SpA stock, see the IT:LON Stock Forecast page.
More about Longino & Cardenal SpA
Longino & Cardenal S.p.A. operates in the high-end food sector, specializing in the research, selection and distribution of rare and precious foods for top-tier Italian and international catering. With more than 1,800 premium products and around 80 sales agents, the group serves about 5,000 clients, including a large share of starred restaurants, and is present in Italy, Hong Kong, Dubai and New York, with its shares traded on Euronext Growth Milan.
Average Trading Volume: 7,133
Technical Sentiment Signal: Sell
Current Market Cap: €6.19M
Find detailed analytics on LON stock on TipRanks’ Stock Analysis page.