Aeffe S.p.A. Faces Challenges Despite Positive Steps: Hold Rating Maintained

Chiara Rotelli, an analyst from Mediobanca, maintained the Hold rating on Aeffe S.p.A. (0GY8 – Research Report). The associated price target is €0.72.

Chiara Rotelli’s rating is based on several factors affecting Aeffe S.p.A.’s current financial situation. The company reported weak financial results for FY24, with a significant decline in revenues across all regions, particularly in Europe. Despite a positive net profit driven by a capital gain from the sale of the Moschino fragrance brand, the underlying business fundamentals remain weak.
While there are mild signs of improvement in early 2025, such as growth in accessories and in the US market, the overall retail performance is still underwhelming. The company’s focus on cost optimization and profitability improvement is a positive step, but the lack of a visible recovery in revenues and the uncertain macroeconomic environment pose challenges. Additionally, creative transitions at Moschino and Alberta Ferretti could impact the expected turnaround. Therefore, Rotelli maintains a Hold rating with a target price of €0.72.