Racing Force S.p.A.

RFG

IT0005466963

Recreational Products

Market Closed - Borsa Italiana Other stock markets 11:44:59 2024-07-08 EDT			5-day change	1st Jan Change
4.34 ^EUR	0.00%		+0.93%	-17.49%

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

Racing Force resolves EUR10 million aucap to fund growth

January 11, 2023 at 01:32 pm

(Alliance News) - Racing Force Spa announced Wednesday that its board of directors has approved the opening of a paid capital increase through the issuance of new RFG ordinary shares, with no

indication of the par value expressed, having the same characteristics as those outstanding on the date of issue, with regular dividend rights, corresponding to a maximum of 10 percent of RFG's share capital.

On Wednesday, Racing Force closed up 2.1 percent at EUR5.32 per share.

By Claudia Cavaliere, Alliance News reporter

Comments and questions to redazione@alliancenews.com

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Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	RFG HOLDINGS LIMITED	15 ZAR	-5.42%	-4.94%	214M
	RACING FORCE S.P.A.	4.34 EUR	0.00%	+0.93%	129M

Latest news about Racing Force S.p.A.

Futures bullish; yen slides again	06-27	AN
Mib drops to 33,500; Saipem to fifth bullish	06-26	AN
Indices down; German consumer sentiment falls	06-26	AN
Racing Force Raises EUR8 Million via Subscription Offer	06-26	MT
Racing Force Secures Investment Commitment from Bahrain Sovereign Wealth Fund	06-26	MT
Piazza Affari in green; Saipem tops on Mib.	06-26	AN
Racing Force capital increase fully subscribed.	06-26	AN
Bahrain sovereign wealth fund will invest EUR2 million in Racing Force aucap	06-26	AN
Racing Force S.P.A. announced that it has received funding from Bahrain Mumtalakat Holding Company B.S.C.	06-25	CI
Racing Force, EUR7 million aucap and new plant in Bahrain	06-25	AN
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

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

4.34 EUR

Average target price

6.2 EUR

Spread / Average Target

+42.86%

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Sporting & Outdoor Goods

Racing Force S.p.A.

Equities

RFG

IT0005466963

Recreational Products

Racing Force resolves EUR10 million aucap to fund growth

Stocks mentioned in the article

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