Racing Force S.p.A.

RFG

IT0005466963

Recreational Products

Real-time Borsa Italiana Other stock markets 09:14:59 16/07/2024 pm IST			5-day change	1st Jan Change
4.19 ^EUR	0.00%		-3.46%	-20.34%

27/06	Futures bullish; yen slides again	AN
26/06	Mib drops to 33,500; Saipem to fifth bullish	AN

Racing Force's EUR10 million capital increase closed.

January 12, 2023 at 02:10 pm IST

(Alliance News) - Racing Force Spa announced that it has closed the accelerated book building of 1.9 million newly issued ordinary shares.

The newly issued shares were subscribed for at a unit price of EUR5.15, for a total value of EUR10.0 million.

Racing Force's stock is down 2.1 percent at EUR5.21 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

Comments and questions to redazione@alliancenews.com

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Latest news about Racing Force S.p.A.

Futures bullish; yen slides again	27/06	AN
Mib drops to 33,500; Saipem to fifth bullish	26/06	AN
Indices down; German consumer sentiment falls	26/06	AN
Racing Force Raises EUR8 Million via Subscription Offer	26/06	MT
Racing Force Secures Investment Commitment from Bahrain Sovereign Wealth Fund	26/06	MT
Piazza Affari in green; Saipem tops on Mib.	26/06	AN
Racing Force capital increase fully subscribed.	26/06	AN
Bahrain sovereign wealth fund will invest EUR2 million in Racing Force aucap	26/06	AN
Racing Force S.P.A. announced that it has received funding from Bahrain Mumtalakat Holding Company B.S.C.	26/06	CI
Racing Force, EUR7 million aucap and new plant in Bahrain	25/06	AN
Mib rises; A2A on fifth bullish session in a row.	23/04	AN
Racing Force, first quarter revenues in line with 2023	23/04	AN
Racing Force S.P.A. Reports Earnings Results for the Full Year Ended December 31, 2023	19/04	CI
Racing Force confirms dividend and closes 2023 with declining profit	27/03	AN
ITALY GROWTH WINNERS & LOSERS: Racing Force top; MeglioQuesto trailing.	11/03	AN
Racing Force president takes over 10,000 shares	09/02	AN
Futures bullish; focus still on central banks	07/02	AN
Europeans up; Pirelli tops on Mib.	06/02	AN
ITALY GROWTH WINNERS & LOSERS: Good Elsa after accounts; down Racing Force	06/02	AN
Mib at highest since 2008; Leonardo leads the way	06/02	AN
Squares bullish; purchases on UniCredit and Azimut	06/02	AN
Racing Force closes 2023 with revenues up double digits in Europe and Asia	06/02	AN
UniCredit pushes Mib up, only bullish in Europe	05/02	AN
Racing Force forges partnership with Team Penske	01/02	AN
Futures up before Italy and Eurozone macro	30/01	AN

Racing Force S.p.A. is specialized in designing, manufacturing and marketing safety equipment and accessories for the motorsports industry. The products are sold under the OMP, Bell, Zeronoise, B2 and Racing Spirit brands. Net sales are divided across the following product families: - equipment for drivers (71.9%): suits, functional and performance clothing, gloves, shoes, helmets, professional underwear, balaclavas, elbow pads, knee pads, rib protectors, etc.; - safety equipment for racing cars (21%): seats, harnesses, roll bars, racing nets, steering wheels, fire extinguishers, safety belts, pedals, communications devices, etc.; - other (7.1%): non-technical sportswear (t-shirts, sweatshirts, mechanic's aprons), racing car accessories etc. At the end of 2023, the Group had 8 manufacturing sites located in Italy (2), the United States (4), Bahrain and Belgium. Net sales are distributed geographically as follows: Europe/Middle East/Africa (65.4%), America (23.5%) and Asia/Pacific (11.1%).

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Recreational Products

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BUY

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4.19 EUR

Average target price

6.2 EUR

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+47.97%

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Sector Sporting & Outdoor Goods

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Sporting & Outdoor Goods

Racing Force S.p.A.

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RFG

IT0005466963

Recreational Products

Racing Force's EUR10 million capital increase closed.

Latest news about Racing Force S.p.A.

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Analysts' Consensus

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Sector Sporting & Outdoor Goods