BUY RATING & TP CONFIRMED
INTERMONTE: Solid results in a tough environment
INTESA SANPAOLO: Solid, with a strong top line
At the current market price, FUM is trading at a discount vs. the average TP of about 115%
ALBERTO FRANCHI, President and CEO, commented: “2024 has been a year of significant growth for Franchi Umberto Marmi, marking a historic record in terms of revenue. This achievement is the result of targeted strategies and the ability of our team to seize valuable opportunities in international markets. We are particularly pleased with the outstanding performance recorded in North America and Australia – markets that now represent an increasingly substantial part of our portfolio, and this success underscores the effectiveness of our global expansion strategy, which also includes growth through external acquisitions. In the EMEA region and Asia, we have maintained our leadership positions: it is important to highlight that these regions remain key areas where we are actively working to strengthen our presence, adapting to market dynamics and customer needs.We are continuing to invest in business development: for example, we recently participated in major trade fairs, the Big 5 Construct Saudi in Riyadh, Saudi Arabia, and the China Xiamen International Stone Fair 2025. Both the Saudi and Asian markets are pivotal to our growth, and these events serve as crucial platforms to showcase the excellence of Italian marble while creating new business opportunities.In an increasingly complex global landscape – continues Alberto Franchi – we remain optimistic about the future. Our ability to embrace new challenges, the unwavering quality of our products, and our deep commitment to sustainability—which over the years has evolved into a true entrepreneurial model—will enable us to further strengthen and consolidate our position on a global scale.”
Marble has been one of the most prized and admired materials in the world of architecture and sculpture for centuries. Marble slabs, with their intrinsic beauty and a variety of colors and veins, represent a distinctive and refined element in many artistic creations and design projects. Thanks to its strength and durability, marble has been used since antiquity to create floors, cladding, columns, and sculptures of extraordinary beauty and craftsmanship. Today, marble slabs continue to be an icon of elegance and luxury, adding a touch of prestige and sophistication to any environment in which they are used. Their preciousness and their ability to convey a sense of eternity make them a timeless element in contemporary art and architecture.
ABOUT Franchi Umberto Marmi
Franchi Umberto Marmi, established in 1971, is a leader in the processing and marketing of blocks and slabs of Carrara marble, a natural stone that perfectly embodies Italian craftsmanship and luxury, with special characteristics that make it unique in Italy and in the rest of the world. The Company covers all phases of the production and distribution process, thus guaranteeing the absolute quality of the product, whether it is slabs or entire blocks. The activity is mainly concentrated within the 59,000 square meters of the Carrara headquarters, which make it the largest exhibition space dedicated to Carrara marble. Franchi Umberto Marmi closed the 2023 financial year with Consolidated revenues equal to EUR 74.7 million, Adjusted EBITDA equal to EUR 25.4 million (with a margin on revenues of 33.9%) and Operating profit equal to EUR 13.0 million. Franchi Umberto Marmi S.p.A. – Via del Bravo n. 14 – 54033 Carrara (MS-Italy) Tel: +39 0585 70057 – investor@fum.it