Banks Weigh on Mib; Interpump Plummets After Earnings

(Alliance News) – European markets closed the week with mixed results, with Milan's Piazza Affari dragged down by the banking sector and a notably negative daily performance from Interpump, which plunged after releasing its earnings.

The Eurozone economy grew by 0.3% in the fourth quarter of 2025, confirming previous estimates and maintaining the same pace recorded in the prior three months.

Data published by Eurostat highlights the bloc's resilience despite falling inflation and lower interest rates, as well as the challenges posed by U.S. trade tariffs on imports from the EU.

The Mib closed down 1.7% at 45,430.62 points, the Mid-Cap dropped 1.4% to 59,409.72, the Small-Cap rose 0.3% to 36,421.73, and the Italy Growth index slipped 0.4% to 8,688.67.

The CAC 40 ended down 0.4%, the DAX 40 rose 0.2%, and the FTSE 100 closed up 0.4%.

"The weakening of U.S. inflation, now at its lowest level since May, reflected falling energy prices," noted Axel Rudolph of IG, "as well as a moderation in the increase of food costs. The decline pushed U.S. equities and Treasury yields lower, with the 10-year yield dropping to 4.05%, the lowest since early December, as expectations for a Fed rate cut shifted from July to June."

"European indices showed mixed trends, with rising employment in the euro area," the analyst concluded.

On Piazza Affari, Inwit led the blue-chip index with a 5.2% rise to EUR8.87 per share.

Assicurazioni Generali – up 0.6% – launched Generali Core Tech, the group's new software factory, to accelerate technological transformation in line with the strategic plan "Lifetime Partner 27: Driving Excellence."

Prysmian, which fell 2.7%, signed a seven-year agreement with Enedis worth a total of EUR500 million to become the sole supplier for the entire range of medium-voltage cables in France.

Tim Brasil regained full control of its fiber network by repurchasing the 51% stake sold to IHS in 2021. The price for the I-Systems stake is BRL950 million – equivalent to EUR154 million –, pending approval from Cade and Anatel. TIM shares closed up 2.2% at EUR0.64532 per share.

Banks had a negative session: BPER dropped 5.7%, Banca Popolare di Sondrio 5.5%, BPM 4.4%, and UniCredit 3.8%.

On the Mid-Cap, Interpump released its earnings and plummeted 18% to EUR41.50 per share. The company closed 2025 with consolidated net profit of EUR209.7 million, down 8.2% from EUR228.5 million in 2024.

Revenues stood at EUR2.07 billion, a decrease of 0.4% compared to EUR2.08 billion in the previous year, while on an organic basis, the decline was 0.7%.

Avio – up 5.2% – announced that the European Ariane 6 launcher completed its flight from French Guiana, placing 32 satellites into orbit.

Cementir Holding – down 8.6% – reported pre-tax profit of EUR286.3 million, up 0.5% from EUR284.9 million in 2024. On a non-GAAP basis, pre-tax profit was EUR325.0 million, a 10% rise from EUR295.3 million in the previous year.

WIIT performed well, gaining 5.0% to EUR27.25. At the bottom, in line with sector performance, was BFF Bank, down 6.4%.

On the Small-Cap index, doValue, which announced that its subsidiary Gardant Investor SGR had successfully launched "MiRo," a new closed-end, multi-compartment alternative investment fund reserved for leading international investors with a maximum target of EUR250 million, fell 1.2%.

Elica – down 0.4% – ended the year with a normalized net loss attributable to the group of EUR6.4 million compared to a profit of EUR1.1 million in the previous year. The normalized net loss was EUR4.8 million compared to a profit of EUR2.6 million.

Zest, which announced the appointment by co-option of Paola Generali and Francesca Di Girolamo to the board of directors, replacing Alessandro Malacart and Alessandra Ricci and thus restoring the board to 10 members, ended trading up 0.4%.

OPS Retail, preparing for a change at the top of its board after the resignation of chairman Filippo Ezio Fanelli, rose 6.4% to EUR0.0234, while Aedes lost 5.6%.

Among SMEs, Clabo recorded consolidated net sales of EUR49.2 million in 2025, down 10% from EUR54.9 million in 2024. Specifically, the parent company posted revenues of EUR24.8 million, down 6.4% from EUR26.5 million in the previous year.

Tecno ESG, a subsidiary of Tecno, exercised the call option on the remaining 35% of Aere, thus acquiring full ownership. Closing is expected in February for a total of EUR1.2 million. Tecno shares fell 8.2%.

Reway Group, up 2.9%, secured, through subsidiaries MGA and Gema, a contract worth EUR53.9 million for the construction of the SS 12 Abetone and Brennero bypass between Buttapietra and the Verona South Ring Road, as part of a total contract awarded by Anas worth EUR179.6 million.

Despite securing a EUR2 million hi-tech order, Mare Engineering succumbed to selling pressure, falling 4.0%.

Kaleon – up 0.7% – expanded its base of Italian institutional investors through a market transaction executed on February 12 with majority shareholder L6A4.

In New York, the Dow Jones is up 0.1%, as is the Nasdaq, while the S&P 500 is up 0.2%.

On the currency front, the euro is trading at USD1.1868 from USD1.1866 at Thursday's close in Europe, while the pound is trading at USD1.3624, unchanged from last night.

In commodities, Brent is trading at USD67.53 per barrel from USD67.95 per barrel last night, while gold is valued at USD5,019.46 an ounce from USD4,936.17 an ounce last night.

On Monday's economic calendar, Japan's Gross Domestic Product data is due at 0050 CET, while at 0101 CET the UK Rightmove residential house price index will be released.

Focus on German one-year bond auctions at 1130 CET and at 1430 CET on Canadian consumer price data.

Also regarding auctions, this time in France, sovereign bond auctions with maturities of three, six, and 12 months will be held at 1500 CET.

At Piazza Affari, results are expected from Kaleon and Leone Film.

By Michele Cirulli, Alliance News Reporter

Comments and questions to [e-mail]

Copyright 2026 Alliance News IS Italian Service Ltd. All rights reserved.