May 01, 2017

Panariagroup

We feel like a BUYER on the markets.

“It’s waiting that helps you as an investor, and a lot of people just can’t stand to wait.” – Charlie Munger
PAN.MI (ISIN IT0001467577)

PanariaGroup Industrie Ceramiche SpA is an Italy-based company engaged in the production and marketing of porcelain stoneware and single-fired ceramics tiles. The Company operates in Italy and worldwide through its brands: Panaria, Lea, Cotto d’Este, Fiordo, Margres, Love Tiles, Floridatile and Blustyle. It sells its product in the wholesale and retail trade.

Market: Milano

http://www.panariagroup.it


Gain over the last quarter: +64.3 % 

Fair value: 7.1 €
Discount: 16%
Average yearly return: 47%
Outperformer

On March 17, 2017 Panariagroup Industrie Ceramiche announced :
FY revenue 377.0 million euros versus 342.9 million euros a year ago
FY net profit 11.2 million euros versus 5.9 million euros a year ago
Proposes dividend of 0.07 euro per share
Expectations for 2017 are positive, both in terms of turnover and profitability

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