Aeffe S.p.A. Hold Rating: Balancing Declining Revenues and Strategic Optimism

Arianna Terazzi, an analyst from Intesa Sanpaolo, maintained the Hold rating on Aeffe S.p.A. (0GY8 – Research Report). The associated price target remains the same with €0.85.

Arianna Terazzi’s rating is based on a combination of factors influencing Aeffe S.p.A.’s current market position and future prospects. The company’s preliminary revenues for FY24 showed a significant decline, and there is limited visibility in the retail sector for FY25. However, the wholesale segment has shown stability, with notable performance in the US market and leather goods sector.
Aeffe’s strategic focus on cost optimization is expected to enhance profitability structurally, with anticipated benefits from the new creative director starting in the second half of 2025. Despite the challenges, the company’s financial position has improved due to the sale of the Moschino brand, which has positively impacted their net debt. Given these mixed signals, Arianna Terazzi has maintained a Hold rating, reflecting cautious optimism while awaiting further clarity on the company’s performance in the upcoming quarters.

In another report released on March 18, Mediobanca also maintained a Hold rating on the stock with a €0.72 price target.