Art materials maker FILA's FY revenue slightly misses on reduced funding for US schools

FILA Fabbrica Italiana Lapis ed Affini SpA

23/03/2026 12:48

Overview

Italy art materials maker's FY 2025 revenue fell 6.6% and slightly missed analyst expectations

Adjusted net income and adjusted EBITDA for FY 2025 beat analyst estimates

Company cites macroeconomic headwinds, weaker North America demand, and currency effects for revenue decline

Outlook

FILA expects double-digit growth in revenue and adjusted EBITDA in 2026

Company projects 2026 free cash flow to equity between €40 mln–€50 mln

FILA anticipates stabilization of U.S. trade and government policies in 2026

Result Drivers

MACRO HEADWINDS - Co cited challenging market conditions, reduced government funding for schools, tariff dynamics, and negative FX impacts as key reasons for revenue decline

NORTH AMERICA DEMAND - Co said North America revenue fell mainly due to school public spending cuts and tariff uncertainty

MEXICO COMPETITION - Co said contraction in Mexico was due to increased competition from illegally imported products, which are now subject to further restrictions by Mexican authorities

Company press release: ID:nBIA994VBg

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
Slight Miss*
EUR 572.20 mln
EUR 574 mln (5 Analysts)
FY Adjusted Net Income
Beat
EUR 33 mln
EUR 29.11 mln (5 Analysts)
FY Adjusted EBITDA
Beat
EUR 105.20 mln
EUR 100.36 mln (5 Analysts)

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the business support supplies peer group is "buy"

Wall Street's median 12-month price target for FILA Fabbrica Italiana Lapis ed Affini SpA is €12.70, about 58.7% above its March 20 closing price of €8.00

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 11 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)