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Promotica S.P.A. ( (IT:PMT) ) has issued an announcement.
Promotica S.p.A. announced the payment of a €1.5 million earn-out related to the sale of a 9.65% stake in Preziosi Food S.p.A. to Foster Clark Products Limited. This transaction is part of Promotica’s acquisition of 80% of Grani & Partners S.p.A. from Giochi Preziosi S.p.A. and fulfills Promotica’s contractual obligations, granting Giochi Preziosi a 60% share of the capital gain.
The most recent analyst rating on (IT:PMT) stock is a Buy with a EUR6.50 price target. To see the full list of analyst forecasts on Promotica S.P.A. stock, see the IT:PMT Stock Forecast page.
More about Promotica S.P.A.
Promotica S.p.A. is a leading Italian loyalty agency, specializing in marketing solutions to enhance sales, loyalty, and brand advocacy. Founded in 2003, the company operates in the Retail, Food, pharmaceutical, and services sectors, offering comprehensive consulting services for promotional development. Promotica is listed on the Euronext Growth Milan market and reported consolidated revenues of €96.0 million in 2024.
Average Trading Volume: 7,188
Technical Sentiment Signal: Buy
Current Market Cap: €35.28M
For a thorough assessment of PMT stock, go to TipRanks’ Stock Analysis page.