Italy's Industrie De Nora set for worst day ever on poor results, guidance

Industrie De Nora

19/03/2025 09:36

** Shares in Italy's Industrie De Nora DNR.MI slide 19%, set for biggest one-day drop since mid-2022 IPO

** Italian electrochemical group reports 12% fall in 2024 adjusted net profit and gives disappointing 2025-2027 guidance

** It expects low single digit revenue growth upto 2027 vs prior view of high-single digit growth for 2024-2026; also expects annual core profit margins of 15%-17% vs 18%-19% earlier

** "2025-2027 targets are much weaker than expected due to lower growth in the Electrode business unit and lower EBITDA margin at the group level," Banca Akros analyst Andrea Belloli says in a note

** Up to the previous session's close, shares were up 32.6%​ YTD

 (Reporting by Alberto Chiumento)