Racing Force S.p.A.

RFG

IT0005466963

Recreational Products

Market Closed - Borsa Italiana Other stock markets 11:44:59 2024-05-23 EDT			5-day change	1st Jan Change
3.84 ^EUR	0.00%		0.00%	-27.00%

04-23	Mib rises; A2A on fifth bullish session in a row.	AN
04-23	Racing Force, first quarter revenues in line with 2023	AN

Racing Force, new CEO appointed for company in U.S.

August 30, 2023 at 04:36 am

(Alliance News) - Racing Force Spa announced Wednesday the appointment of a new CEO for Racing Force USA.

Gabriele Pedone, formerly CEO of OMP America first and Racing Force USA, has resigned, effective Sept. 1. In continuity with the company's operations, his role will be taken over by Kyle Kietzmann, former CEO of Bell Racing USA first and now Co-CEO of Racing Force USA.

"Racing Force USA will continue its growth trajectory as planned by the group, with the new logistics hub in Mooresville - North Carolina and the new headquarters in Miami becoming operational, starting this month," as the company mentioned in a note.

Racing Force trades in the green by 1.0 percent at EUR5.86 per share.

By Claudia Cavaliere, Alliance News reporter

Comments and questions to redazione@alliancenews.com

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Latest news about Racing Force S.p.A.

Mib rises; A2A on fifth bullish session in a row.	04-23	AN
Racing Force, first quarter revenues in line with 2023	04-23	AN
Racing Force S.P.A. Reports Earnings Results for the Full Year Ended December 31, 2023	04-18	CI
Racing Force confirms dividend and closes 2023 with declining profit	03-27	AN
ITALY GROWTH WINNERS & LOSERS: Racing Force top; MeglioQuesto trailing.	03-11	AN
Racing Force president takes over 10,000 shares	02-09	AN
Futures bullish; focus still on central banks	02-07	AN
Europeans up; Pirelli tops on Mib.	02-06	AN
ITALY GROWTH WINNERS & LOSERS: Good Elsa after accounts; down Racing Force	02-06	AN
Mib at highest since 2008; Leonardo leads the way	02-06	AN
Squares bullish; purchases on UniCredit and Azimut	02-06	AN
Racing Force closes 2023 with revenues up double digits in Europe and Asia	02-06	AN
UniCredit pushes Mib up, only bullish in Europe	02-05	AN
Racing Force forges partnership with Team Penske	02-01	AN
Futures up before Italy and Eurozone macro	01-30	AN
Milan in the red; Iveco resists declines	01-29	AN
Indices contrasted; Saipem tops on Mib.	01-29	AN
Racing Force Group to Supply Racewear to Aston Martin Aramco Formula One Team	01-29	MT
Racing Force starts partnership with Aston Martin Aramco F1 Team	01-29	AN
Racing Force, OMP brand extends partnership with Toyota team	01-23	AN
Futures in green; wait for ECB decision	01-22	AN
Stock markets down amid rate uncertainties and war tensions	01-19	AN
Futures bullish; Japan inflation slows	01-19	AN
Racing Force launches new partnership with Tom Brady's team	01-18	AN
Futures down; selling also prevails in Asia	23-10-20	AN

Chart Racing Force S.p.A.

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Company Profile

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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Mean consensus

BUY

Number of Analysts

Last Close Price

3.84 EUR

Average target price

6.1 EUR

Spread / Average Target

+58.85%

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Sporting & Outdoor Goods

Racing Force S.p.A.

Equities

RFG

IT0005466963

Recreational Products

Racing Force, new CEO appointed for company in U.S.

Latest news about Racing Force S.p.A.

Chart Racing Force S.p.A.

Company Profile

Income Statement Evolution

Ratings for Racing Force S.p.A.

Analysts' Consensus

EPS Revisions

Quarterly revenue - Rate of surprise

Sector Sporting & Outdoor Goods