Search Contact
This page is available in multiple languages
Select Language

Sbe-Varvit lists on Euronext Growth Milan

Back

  • 29th listing of 2023 on Euronext Growth Milan
  • 56th listing on Euronext in 2023
  • Total placement volume of the offering equal to €25 million

Milan – 14 November 2023 – Borsa Italiana, part of the Euronext Group, today congratulates Sbe-Varvit on its listing on Euronext Growth Milan.

The company, part of the Vescovini Group, operates in the production, distribution, and marketing of a wide range of fastening components including screws, bolts, nuts, cold and hot stamped products, fasteners, and highly engineered mechanical components. With headquarters in Reggio Emilia and several production facilities in Italy and one in Serbia, the Group operates as a full service provider serving more than 5,000 customers globally.

Sbe-Varvit represents the 29th listing on Borsa Italiana’s market dedicated to small and medium-sized companies and it is the 56th listing of the year on Euronext.

In the placement phase Sbe-Varvit raised €22.74 million, excluding the potential exercise of the over-allotment option. In the case of the full exercise of the over-allotment option, the total amount raised will be approximately €25 million.

Alessandro Vescovini, Chairman of Sbe-Varvit, said: “Sbe-Varvit’s listing on Euronext Growth Milan is a paramount milestone for our Group, an important step on a strategic path started some time ago. We are bringing to Borsa Italiana a healthy and solid company, recognised by the market for its reliability and ability to offer high-performance, essential products in a great number of applications. We are proud of the milestone we have reached, but also aware that this is a starting point for a new path of growth for our company, for the investors who have put their trust in us and for all the people in the Vescovini Group.”

Sbe-Varvit

Caption: Alessandro Vescovini, Chairman of Sbe-Varvit, rang the bell during the market open ceremony this morning to celebrate the listing of the company

Sbe-Varvit S.p.A.

Sbe-Varvit is one of the global leaders in the production, distribution and marketing of a wide and diversified range of fastening components including screws, bolts, nuts, cold and hot-pressed products, fasteners and mechanical components of high engineering content, which are of fundamental importance for many industrial sectors. Headquartered in Reggio Emilia and with seven production plants in Italy and one in Serbia, the Group operates as a full service provider serving over 5,000 customers at a global level, including all major original equipment manufacturers (OEMs) in the agricultural machinery, construction equipment, industrial machinery, commercial vehicles, personal mobility, wind power and infrastructure sectors, offering them a portfolio of 27,000 items, 14,000 of which are manufactured internally, and employing over 1,000 collaborators. Controlled by Vescovini Group S.p.A., Sbe-Varvit reported as of 30 June 2023 consolidated revenues of €220,244,000, with EBITDA of €58,108,000, 26% of revenues, and a net profit of €33,108,000, while as of 31 December 2022, consolidated revenues amounted to €392,449,000, with EBITDA of €108,808,000, representing a 28% margin on revenues, and a net profit of €54,585,000.

 

Sbe-Varvit lists on Euronext Growth Milan

Press Release Footer

About Euronext 
Euronext is the leading pan-European market infrastructure, connecting European economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal. With nearly 1,900 listed issuers and around €6.3 trillion in market capitalisation as of end September 2024, it has an unmatched blue-chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets, one of Europe’s leading electronic fixed income trading markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. The Group provides a multi-asset clearing house through Euronext Clearing, and custody and settlement services through Euronext Securities central securities depositories in Denmark, Italy, Norway and Portugal. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates a number of junior markets, simplifying access to listing for SMEs.  
For the latest news, follow us on Twitter (twitter.com/euronext) and LinkedIn (linkedin.com/euronext).

Disclaimer
This press release is for information purposes only and is not a recommendation to engage in investment activities. This press release is provided “as is” without representation or warranty of any kind. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext.

This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is located at www.euronext.com/terms-use.

© 2024, Euronext N.V. - All rights reserved.