Italian art supplies maker FILA's Q1 revenue falls 7%, hurt by currency impact and delayed orders

FILA Fabbrica Italiana Lapis ed Affini SpA

14/05/2026 13:41

Overview

Italy art supplies maker's Q1 revenue declined yr/yr, impacted by weak FX and delayed orders

Adjusted net income improved yr/yr, driven by better margins and consolidation of Seven Group

Company reaffirmed full-yr guidance for double-digit revenue and EBITDA growth

Outlook

FILA maintains 2026 guidance for double-digit growth in revenues and adjusted EBITDA

Company expects 2026 free cash flow to equity between €40-50 mln

FILA says YTD order trend is in line with best expectations for the year

Result Drivers

WEAK CURRENCY EFFECTS - Co said Q1 revenue was impacted by a -6.7 mln EUR currency effect, mainly due to U.S. Dollar and Argentinian Peso weakness

DELAYED ORDERS - Co said shift of orders to Q2 and cautious customer approach in Europe led to lower Q1 revenue

SEVEN GROUP CONSOLIDATION - Co said Seven Group contributed €6.3M to revenue but featured low revenue seasonality and negative EBITDA contribution in Q1

Company press release: ID:nBIA7jjKc6

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
EUR 126.3 mln
EUR 128 mln (1 Analyst)
Q1 Adjusted Net Income
EUR 4.5 mln
-EUR 4 mln (1 Analyst)
Q1 Adjusted EBITDA
EUR 16.7 mln
EUR 17 mln (1 Analyst)

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"

Wall Street's median 12-month price target for FILA Fabbrica Italiana Lapis ed Affini SpA is €12.70, about 45.6% above its May 13 closing price of €8.72

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago

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(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.)