(Alliance News) – On Monday, Milan opened in positive territory on a quiet day in terms of macro data but eventful on the corporate earnings front in Piazza Affari, dragging down other European stock quotes, with Frankfurt doing better than all. world at the open ahead of data on German business expectations.
Thus, the FTSE Mib is up 1.4% at 26,263.68, the Mid-Cap is up 0.7% at 42,564.38, the Small-Cap is up 0.8% at 29,750.56 and Italy Growth is up 0.5% to 9,348.63.
In Europe, the CAC 40 in Paris is in the green by 1.3%, the FTSE 100 in London is up 0.9% and the DAX 40 in Frankfurt is up 1.4%.
However, frictions within the banking system have not subsided. “With ECB President Christine Lagarde insisting that there is no trade-off between financial stability and price stability, fears are growing that the ECB is about to make another mistake in politics, which could make things worse, like in 2008,” commented Michael Hewson, chief market analyst at CMC Market.
“At the start of a new week, investors and the markets in general are undoubtedly much more concerned about the health of banks than they were a few weeks ago, and the main question is what will happen next, as the ability of central banks to rush to the rescue this time around is limited by still-high levels of inflation.Fears of further tightening will be tested later in the year. the week, with the latest CPI flash data for March in Germany and the EU, with a focus on core CPI.
On the main Piazza Affari list, despite the black crisis in banks in recent weeks, banks are doing well, with UniCredit up 2.0% and FinecoBank up 1.8%.
The big oil companies also moved into positive territory – like the rest of the list – with Tenaris up 0.8% and Eni up 0.3%.
Unipol rose 1.3% after announcing on Friday that it had approved its 2022 accounts, confirming preliminary figures released in February, which showed net profit of 866 million euros, up from 796 million euros of the previous year.
Banca Monte Paschi Siena – in its second week on the Mib – soared 6.4 per cent after it announced on Thursday that board chair Patrizia Grieco had resigned when her term was renewed, after taking up a new post in another listed company.
DiaSorin was the only listing to drop – by 0.4 percent – on the day the company’s accounts are due.
On the Mid-Cap, UnipolSai gained 1.1% after announcing on Friday that it had confirmed its preliminary accounts for 2022, published in February, which showed a consolidated net profit of 651 million euros, down from 723 million euros from the previous year.
Iren increases by 0.2%. The board of directors also approved on Thursday, together with the financial results for 2022, an update of the industrial plan for 2030, with which the company “confirms the strategic vision” but “strengthens investments”, which will amount to 10.5 billion euros over the next eight years, an increase of 200 million euros compared to the 2021-2030 plan.
The board of directors of Juventus Football Club – up 1.0% at the opening – examined and approved on Friday the half-year consolidated financial report to December 31, 2022, reporting a turnover of 276, 2 million euros, compared to 223.1 million euros in the same half of 2021/2022.
The loss amounted to 29.5 million euros, compared to 112.1 million euros in the first half of last year. This improvement is the result, on the one hand, of the mitigation of the negative effects of the pandemic, in particular with regard to revenue from calls for tenders, and on the other hand, of the revenue development and cost rationalization actions put in place. in prior periods and continued in the current period, the company explained.
On the small cap side, Mondo TV fell 1.0% after announcing that it had closed the 2022 financial year with a loss of 69.3 million euros, against a profit of 5.5 million euros. the previous year.
This figure takes into account an exceptional depreciation of 73.4 million euros, after which the result would have been positive by 4.1 million euros.
Production value increased 6% year-on-year to €37.8 million, compared to €35.6 million the previous year.
Beghelli fell more than 11%, after announcing on Friday that the board had approved draft financial statements as of December 31, 2022, reporting consolidated revenue of 145.9 million euros. , down from the 148.0 million euros recorded in 2021.
The company recorded a net loss of €10.2 million, compared to a profit of €3.1 million in 2021. This deterioration is also explained by the recognition of non-recurring tax items with a negative impact of EUR 1.4 million, mainly attributable to the tax amortization of tax losses for the financial year 2022.
Immsi – in the green up to 1.5% – announced on Thursday that it had ended the year 2022 with “the best results ever recorded, setting new records for all indicators”, according to the official note. As of December 31, 2022, the company recorded a net profit of 63.9 million euros, compared to 35.4 million euros in 2021. The board of directors also proposed a dividend of 3.9 euro cents per share, compared to 3 euro cents for the previous financial year.
Revenue rose 24% to €2.12 billion, from €1.70 billion in 2021, an all-time high for the company.
Among SMEs, the board of directors of Finanza.tech – down 2.8 percent – announced on Monday that it had approved the financial statements for the year ended December 31, 2022, which closed with a profit. net of 100,000 euros, compared to 465,462 euros during the same period last year.
Revenues amounted to €3.6 million, compared to €3.1 million as of December 31, 2021.
Magis rose 2.9%, after saying it ended 2022 with revenue up 34% year-on-year to 94.1 million euros, from 70.3 million euros in 2021.
This significant increase is explained by the company’s ability to have increased the selling prices of its products following the general increase in the purchase costs of raw materials from the beginning of 2021, and in part by the increase in square meters of finished goods sold compared to the previous year.
Maps was up 0.8%, after announcing that it approved its main results for the year ending December 31, 2022 and reported profit of 2.7 million euros, up 8, 0% compared to 2.5 million euros during the same period last year.
Revenues amounted to €24.7 million, up 25% compared to €21.5 million recorded in 2021, with the contribution of the Business Unit Healthcare being significant.
In Asia, the Nikkei was up 0.3% to 27,476.87 today, the Shanghai Composite was down 0.4% to 3,251.40 and the Hang Seng fell 1.3% to 19,661.31.
In New York, the Dow Jones closed up 0.4% at 32,237.53, the Nasdaq gained 0.3% at 11,823.96 and the S&P 500 rose 0.6% at 3,970, 99.
Among currencies, the euro traded at $1.0765 from $1.0760 at Friday’s close. On the other hand, the pound is worth 1.2224 USD against 1.2229 USD at the previous close.
Among commodities, a barrel of Brent is worth 75.39 USD against 74.46 USD on Friday evening. Gold, meanwhile, is trading at $1,987.80 per ounce versus $1,985.13 per ounce at the last close.
On Monday’s economic calendar, at 1000 CET the IFO German Business Confidence Index is expected and at 1000 CET the ECB will release the M3 Money Supply Index.
At 1200 CET data on job seekers is expected in France and at 1800 in the UK Bank of England Governor Andrew Bailey is expected to speak.
Among the companies listed on Piazza Affari, the results of several companies are expected, including Cairo Communication, DiaSorin, Giglio Group, Radici and Gismondi 1754.
By Claudia Cavaliere, journalist at Alliance News
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