EarningsNet profit beat forecast by 4%, closing at EUR 21.2M, thanks to fiscal benefits which more than offset higher financial costs.
Order IntakeSanlorenzo's steady order intake was better than forecast and management's outlook is reassuring, confirming Sanlorenzo's resilience supported by loyal customers, strong reputation, and high-end positioning.
Stock ValuationThe analyst maintains a BUY rating on Sanlorenzo, viewing the current stock valuation as undemanding despite temporary order intake contraction.