Defense Tech, here are the accounts and clients of the newly listed company
Facts, numbers and curiosities about Defense Tech which debuted on Euronext Growth Milan, the Borsa Italiana (Euronext) market dedicated to SMEs
Defense Tech, active in the cyber security, technologies for intelligence and engineering & control system sectors, debuted on Euronext Growth Milan, the Borsa Italiana market (part of the Euronext group) dedicated to small and medium-sized enterprises.
THE DEFENSE TECH LISTING
The stock started with momentum – wrote the Radiocor-Sole 24 Ore agency – and was stopped in the volatility auction when it gained 39.43% at 4.88 euros per share, against the placement price of 3, 5 euros, before returning to negotiations with an increase of 34.3% to 4.7 euros.
THE DATA
During the placement phase, the company raised € 25 million, the free float at the time of admission was 28% and the market capitalization at the IPO equal to € 89.4 million. Defense Tech represents the 25th admission since the beginning of the year on Euronext Growth Milan, which rises to 156 companies currently listed.
THE WORDS OF THE DEFENSE TECH SUMMIT
"We have reached an important milestone, we are extremely proud of the success we are experiencing with the financial community", said Emilio Gisondi, CEO of Defense Tech, underlining that the listing on Euronext Growth Milan "represents not only the result of a tough work in recent years, but mainly the beginning of a new course that will give us the energy, support and strength to better realize and implement the industrial plan and to make us an Italian excellence. Technological sovereignty, investor satisfaction, the idea of an all-Italian project, these are the challenges that await us and that we are ready to face ".
DEFENSE TECH PRE-LISTING MEMBERS
Before the listing, the share capital of Defense Tech Holding was divided as follows: 62.1% belonged to Comunimpresa Srl (11,424,050 shares), 100% controlled by Aurelio Regina (chairman of the board of directors and Energy delegate of the Confindustria top management) ; 30.4 in the hands of Starlife Srl (5,599,920 shares), 67% controlled by Emilio Gisondi (ad) and 33% to Pietro Forgione (Commercial and Marketing Director and Cyber & Technologies Area Director). Finally, the remaining 7.5% was owned by Ge.Da. Europe Srl (1,376,030 shares), wholly owned by Annarita Balducci.
THE NUMBERS OF DEFENSE TECH
Defense Tech Holding recorded a turnover of 50,000 euros in 2020 against the factual nullity reported in the previous year. The 2020 budget is in deficit: Defense Tech recorded a loss of 5,251 euros against (down from the loss of 28,543 euros in 2019). The costs of production amounted to 51,612 euros. The company has a total debt of € 796,040. The profit and loss account therefore shows that the company is a mere financial holding, it does not have any staff employed by it. The company's business is essentially the management of the equity investments in the two subsidiaries Donexit and Fo.Ra.Mil.
AERONAUTICA MILITARE, ARMY BUT ALSO FINCANTIERI AND LEONARDO AMONG THE CUSTOMERS
76% of the group's revenues derive from “Italian government bodies”: including the Prime Minister and the Ministry of Defense.
The main customers include the three Italian armed forces: Aeronautics, Army and Navy but also the companies Avio, Leonardo , Mbda, Thales Alenia Space and Fincantieri.
Here all the other details about the company in a recent in-depth study by Start Magazine
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/defence-tech-ecco-conti-e-clienti-della-neo-quotata/ on Fri, 29 Oct 2021 09:53:03 +0000.