De Nora falls after much weaker than expected targets

Industrie De Nora

19/03/2025 08:54

** Shares in Italy's De Nora DNR.MI slump as much as 18.7% after the Italian electrochemistry group published its 2025-27 business plan that fell short of market expectations

** FY 2025-27 targets are much weaker than expected, says broker Akros, mainly due to the group's lower EBITDA margin, and lower growth in the Electrode segment

** The group expects its annual adjusted EBITDA margin for 2026-27 in the 15-17% range, while consensus estimate is at around 18%, Akros says

** The broker believes the new targets may imply a double-digit negative revision to forward estimates

** At 0832 GMT the shares are down 17.4%

 (Reporting by Michela Stasio)

 ((Michela.stasio@thomsonreuters.com))