Italy's Trevi drops 33% after weak 2026 outlook, new refinancing plan

Trevi Finanziaria Industriale SpA

30/03/2026 10:58

** Shares in Italy's Trevi Finanziaria Industriale TFI.MI fall 33.7% on Monday after the company issues weaker-than-expected 2026 forecast and announces a new refinancing plan

** In a weak market any operation of recapitalisation has a significant impact, says a Milan-based trader.

** Equita says full-year results came in slightly better-than-expected, but outlook for 2026 below estimates

** Equita expects adjusted EBITDA to decline 15%, with net debt/EBITDA ratio projected at 2.6x from previous 1.9x

** The company also announces a rights issue of 100 million euros and issuance of 170 million euros in new long-term debt

** Including session's moves, the stock drops 53.6% YTD​

 (Reporting by Anna Uras and Claudia Cristoferi)

 ((Anna.Uras@thomsonreuters.com))