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5th listing of 2024 on Euronext Growth Milan
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10th listing on Euronext in 2024
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Market capitalisation is €14.4 million
Milan – 28 March 2024 – Borsa Italiana, part of the Euronext Group, today congratulates Bertolotti on its listing on the professional segment of Euronext Growth Milan.
The company specialises in the design and production of complex, state-of-the-art systems for material handling and rolling stock maintenance, mainly aimed at the steel and railway industries, as well as automation and robotics.
Bertolotti represents the fifth listing on Borsa Italiana’s market for small and medium-sized companies, and it is Euronext’s tenth listing of the year.
In the placement phase, the company reported market capitalisation of €14.4 million and a free float of 2% (based on the number of ordinary shares admitted to trading).
As Bertolotti began trading, the company’s ordinary shares were suspended in accordance with the Guidelines to Article 6 of the Euronext Growth Milan Issuers’ Regulation.
Luca Barneschi, Chairman and CEO of Bertolotti, said: "This first step of approaching the market, through our listing on the professional segment of Euronext Growth Milan, is an achievement that the Bertolotti team has built thanks to the hard work done and the results achieved in the last two years. In this timeframe, also thanks to the contribution of institutions, we have concluded the payment of the insolvency proceedings, almost doubled the Group's Production Value, and strengthened the sales network, mainly in Europe and the United States. In the past year, the value of the orders to be executed has grown from about €45 million to more than €70 million: a significant result, achieved thanks to the increasing credibility gained in foreign markets. We are confident that the IPO can help us consolidate the Company in all the sectors in which we operate, enabling us first of all to attract new managers of high standing to make the growth trajectory and entry into new markets sustainable, including through the investments in technology already planned."
Caption: Luca Barneschi, Chairman and CEO of Bertolotti, rang the bell during the market opening ceremony this morning to celebrate the company’s listing.
About Bertolotti
Bertolotti S.p.A. is a company specialising in the design and production of complex, advanced systems for material handling and rolling stock maintenance, mainly serving the steel and railway industries. The Company's operations are divided into three business lines: (i) Industries, focused on the design and manufacture of material handling systems and tools, including AGVs (automatic guided vehicles) and crane systems; (ii) Railway, focused on the design and manufacture of systems for railway maintenance; (iii) Automation and Robotics, focused on the development of software and the creation of robotic systems using Artificial Intelligence. In recent years, with the aim of expanding in the railway markets and successfully applying the technology developed in the steel sector, the Company has undertaken a process of internationalisation, expanding its sales network in foreign markets, mainly in Europe and the United States.
CONTACTS
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MEDIA – mediateam@euronext.com |
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Europe |
Aurélie Cohen |
+33 1 70 48 24 45 |
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Andrea Monzani |
+39 02 72 42 62 13 |
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Amsterdam |
Marianne Aalders |
+31 20 721 41 33 |
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Brussels |
Marianne Aalders |
+32 26 20 15 01 |
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Dublin |
Andrea Monzani |
+39 02 72 42 62 13 |
dublinpressoffice@euronext.com
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Lisbon |
Sandra Machado |
+351 91 777 68 97 |
portugalpressoffice@euronext.com
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Milan, Rome |
Ester Russom |
+39 02 72 42 67 56 |
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Oslo |
Cathrine Lorvik Segerlund |
+47 41 69 59 10 |
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Paris, Corporate |
Flavio Bornancin-Tomasella |
+33 1 70 48 24 45 |
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Corporate Services |
Coralie Patri |
+33 7 88 34 27 44 |
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ANALYSTS & INVESTORS – ir@euronext.com |
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Investor Relations |
Aurélie Cohen |
+33 1 70 48 24 17 |
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Clément Kubiak |
+33 1 70 48 26 33 |
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