Main menu
Edison Group
  • Home
  • Equities

    Equities

    View All Equities

    Equities by Sector

    VolitionRx

    MCap

    USD76m

    Last close

    USD0.81

    ▲ 0.14 (20.90%)

    Canyon Resources

    MCap

    AUD262m

    Last close

    AUD0.19

    ▲ 0.02 (12.12%)

    Immix Biopharma

    MCap

    USD51m

    Last close

    USD1.82

    ▲ 0.12 (7.06%)

  • Sectors

    Sectors

  • Thematics

    Thematics

    View All Thematics

    Latest

  • Audiovisual

    Audiovisual

    View All Audiovisual

    Latest

Portobello SpA (MIL: POR)

Last close As at 20/11/2024

EUR2.11

▲ 0.01 (0.48%)

Market capitalisation

EUR12m

Portobello aims to build a national Italian retail presence via a rapid rollout of own-stores and franchises. It uses a combination of barter (own and third-party media) and cash purchases to source branded products from its suppliers.

Latest Insights

View More

Consumer | Flash note

Portobello SpA — Focus back on the operations

Consumer | Update

Portobello SpA — Focusing on cash generation

Consumer | edison tv

Portobello SpA – executive interview

Consumer | Outlook

Portobello SpA — Value appeal
Woman shopping vegetables at the supermarket
Visit Website

Sector

Consumer

Equity Analyst

Russell Pointon

Russell Pointon

Director of Content, Consumer and Media

Key Management

  • Mirco Di Giuseppe

    CFO

  • Pietro Peligra

    Chairman

  • Roberto Panfili

    Co-founder and COO

  • Simone Prete

    CEO

Balance Sheet

Forecast net debt (€m)

N/A

Forecast gearing ratio (%)

N/A

Share Price Performance

Price Performance
% 1M 3M 12M
Actual (47.6) (55.1) (78.8)
Relative (44.7) (55.3) (81.1)
52 week high/low €10.6/€2.1

Financials

Portobello’s FY23 results demonstrate the primary effects of the out-of-court settlement with respect to VAT and direct taxes (a higher year-end net debt position) and the secondary effects, such as disruption to its trading activities due to management’s focus on cash generation and the company’s inability to trade as previously expected. Following the period end, two capital raises totalling €12.6m, including €3.8m by three of the executive management team, from a maximum mandated amount of €20m, have improved the company’s financial position. The requirement to improve the balance sheet further is likely to necessitate a focus on managing costs and cash generation in FY24. Ahead of the publication of the full financial statements and greater clarity on the company’s trading strategy for the year ahead, we withdraw our estimates.

Y/E Dec Revenue (€m) EBITDA (€m) PBT (€m) EPS (fd) (c) P/E (x) P/CF (x)
2022A 129.9 24.6 18.6 462.77 0.5 0.3
2023A 103.5 (38.2) (48.8) (1199.00) N/A N/A
2024E N/A N/A N/A N/A N/A N/A
2025E N/A N/A N/A N/A N/A N/A

Research

Consumer

edison tv

Portobello SpA – executive interview
Woman shopping vegetables at the supermarket

Consumer

Initiation

Portobello — Scaling to a national presence

Woman shopping vegetables at the supermarket

edison tv

Consumer

Portobello SpA – executive interview
Woman shopping vegetables at the supermarket

Initiation

Consumer

Portobello — Scaling to a national presence

thematic

Consumer

Deutsches Eigenkapitalforum (EKF) 2023 consumer and media

thematic

Consumer

ConsumerWatch – Falling into the fall

thematic

Consumer

ConsumerWatch – Making the most of the summer

thematic

Consumer

ConsumerWatch – A Spring in the step

thematic

Consumer

ConsumerWatch – January sales

thematic

Consumer

ConsumerWatch – Bargains galore

thematic

Consumer

IPO apocalypse

thematic

Consumer

Food tech – At the forefront of food innovation

thematic

TMT

ESG, moving beyond the box tick

thematic

Consumer

ConsumerWatch – Value emerging

thematic

Consumer

Circular economy business models

thematic

Consumer

Seven things every investor should know about Unbound Group

thematic

Consumer

Moving from a vegan January to a sustainable one

thematic

Consumer

Cultivated meat – Engineering the growth of alternative meats

thematic

Consumer

The future of fish – The investment case for sustainable fishing

thematic

Consumer

The growth of UK food ordering and delivery platform

thematic

Consumer

Meating Demand – The lean, green money-making machine

thematic

Consumer

Illuminator: August Update

thematic

Consumer

Deutsche Börse Eigenkapitalforum 2014 Research Guide