(Alliance News) - On Friday, the Mib continued its session in negative territory, hovering around the 45,600-point mark, with Stellantis standing out on the downside.
The automotive group announced charges of EUR22 billion, the suspension of its dividend, and is planning to issue bonds of up to EUR5 billion to strengthen its liquidity position.
On the monetary policy front, as expected, the European Central Bank on Thursday left interest rates unchanged. The Frankfurt institution reiterated that inflation prospects in the euro area are in a "good position," downplaying the recent rise of the euro and warning that data could be volatile in the coming months and should not drive monetary policy decisions in isolation.
The Mib is thus down 0.4% at 45,652.77 points.
Across Europe, the CAC 40 is down 0.2%, the DAX 40 is up 0.1%, while the FTSE 100 is losing 0.1%.
Among the minor indices, the Mid-Cap is down 0.8% at 59,653.51, the Small-Cap is down 0.6% at 36,351.61, while Italy Growth is retreating 0.4% at 8,687.00 points.
On Piazza Affari, Stellantis is at the bottom, falling 21%. The company announced Friday that it had conducted a reassessment of its strategy and related costs, reporting that in the second half of 2025 it recorded charges of about EUR22 billion following "a change in strategy that places freedom of choice – with an increasing range of electric, hybrid, and advanced combustion engine vehicles – at the center of the company's plans."
Brunello Cucinelli is down 2.8%, trading around EUR80.66 per share, after two sessions that closed in positive territory.
Nexi slips 2.6%, bringing the price to around EUR3.39 per share. Notably, JP Morgan cut its target price to EUR4.30 from the previous EUR5.65.
FinecoBank – up 2.0% – announced Friday that it had approved its 2025 accounts, closing with a net profit of EUR647.0 million, in line with the previous year. The board of directors proposed a dividend of EUR0.79 per share, up 7% year-on-year. Total revenues for 2025 amounted to EUR1.31 billion, essentially stable compared to 2024. Net interest income stood at EUR633.1 million, down 11.0% year-on-year, penalized by the reduction in market interest rates.
Banca Mediolanum – down 0.2% – released its commercial results for January on Friday, reporting volumes of EUR1.0 billion compared to EUR1.1 billion in January last year. Net inflows amounted to EUR721 million versus EUR863 million in the same period the previous year.
Unipol is up 2.3% at EUR19.75 per share. Notably, Berenberg raised its target price to EUR24.80 from EUR21.10 per share.
In the mid-cap segment, heavy selling hit LU-VE, which is down 9.4% at EUR37.65 per share after gaining 2.1% in the previous session.
Intercos, meanwhile, is down 3.2% at EUR12.02 per share, following a 1.7% decline in the previous session.
The board of Credito Emiliano – down 0.5% – on Thursday approved its accounts, closing 2025 with a consolidated net profit of EUR621.5 million compared to EUR620.1 million in 2024. A dividend of EUR0.75 per share was also proposed, up from EUR0.70 in 2024, corresponding to a yield of 4.7% on the current share price.
Pirelli & C – down 0.7% – announced Thursday that its board of directors voted by majority in favor of CEO Andrea Casaluci's approach to the future of Cyber Tyre activities, confirming that the technology should remain fully integrated within the group's industrial and organizational perimeter. The decision was approved with nine votes in favor and five against, the latter expressed by directors linked to the Chinese shareholder.
MAIRE – up 1.1% – announced Thursday that between January 30 and February 5 it purchased 742,975 of its own ordinary shares at an average price of EUR15.121 each, for a total value of EUR11.2 million.
On the Small-Cap, Aeroporto Guglielmo Marconi di Bologna is up 4.1%. In January, total passengers reached 702,591, up 4.1% compared to the same period in 2025. Domestic flight passengers totaled 169,900, up 8.3% on 2025, while international passengers were 532,691, up 2.8% on 2025.
The board of Generalfinance – up 4.3% – approved the 2025 accounts, closing with a net profit of EUR28.8 million, up from EUR21.1 million the previous year, and proposing a unit dividend of EUR1.36, higher than the EUR0.83 distributed in 2024. The shareholders' meeting will be called to approve a total dividend payout of EUR17.2 million, with a payout ratio of about 60% and a dividend yield of 5.7% on the stock price as of February 4, 2026.
Piquadro – up 1.9% – released data for the first nine months ended December 31, 2025, reporting revenues of EUR136.8 million, up 1.7% from EUR134.6 million in the previous year. The Piquadro brand recorded nine-month revenues of EUR54.4 million, down 5.1% year-on-year: sales through the DOS channel increased by 5.3%, while e-commerce grew by 48%, with the wholesale channel sharply down by 17%.
Olidata is down 2.8% at EUR1.98 per share, after two sessions that ended with bullish candles.
OPS Italia – down 6.6% – announced the full extinguishment of a debt of over EUR1.6 million through conversion into equity, a move that significantly strengthens its capital position and drastically reduces indebtedness. The board of directors approved a capital increase reserved for Taddia for EUR1.4 million and for Ciro Di Meglio for EUR245,000.
Among SMEs, Kruso Capital – up 5.3% – approved its consolidated financial statements as of December 31, 2025, reporting net profit nearly doubled from the previous year, up 95% to EUR8.8 million from EUR4.5 million. The positive result was also driven by organic growth at Credito Economico Popular, which operates in Portugal and contributed EUR1.4 million.
Strong performance also for Doxee, which turned upward after two sessions that closed with bearish candles.
H-Farm is down 6.2%, after a 2.2% drop in the previous session.
Edil San Felice, meanwhile, is down 5.8%, after a 5.5% gain the previous day, with the price fluctuating around EUR4.37 per share.
In New York last night, the Dow Jones closed down 1.2%, as did the S&P 500, while the Nasdaq shed 1.6%.
On the currency front, the euro is trading at USD1.1793 from USD1.1798 at Thursday's European stock close, while the pound is changing hands at USD1.3574 from USD1.3653 last night.
Among commodities, Brent is trading at USD67.84 per barrel from USD67.58 per barrel on Thursday, while gold is worth USD4,864.79 an ounce from USD4,874.52 an ounce last night.
On Friday's macroeconomic calendar, as usual, the COT Report will be released in the evening at 2030 CET.
By Maurizio Carta, Alliance News reporter
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