Italy's Sogefi soars on Q1 margin beat, non-core asset disposal

Sogefi SpA

27/04/2026 09:26

** Shares in Italy's Sogefi SGFI.MI rise over 10% after the automotive parts supplier beats Q1 margin expectations

** EBIT of 17.2 million euros ($20.20 million) is almost 20% above a consensus view cited by Equita. The broker says positive currency effects and lower restructuring charges helped

** Equita also highlights the announcement of a put option deal to sell its precision springs manufacturing activities, valued at around 20 million euros

** "This asset has long been considered non-core, being neither Automotive nor Heavy Duty," it says

** Equita says the macroeconomic context warrants caution. While Sogefi confirms its 2026 guidance, it does not rule out "temporary" drops in industrial margins or demand

** Including Monday's rise, the stock is down over 36% YTD

($1 = 0.8515 euros)

 (Enrico Sciacovelli)

 ((Enrico.sciacovelli@thomsonreuters.com))