Elica S.p.A. ( (IT:ELC) ) just unveiled an update.
Elica S.p.A. announced the purchase of 31,222 own shares as part of its buyback program, with a total value of 36,136 euros. This initiative, authorized by the Shareholders’ Meeting, aims to enhance shareholder value and reflects Elica’s strategic financial management. As of April 24, 2025, Elica holds 3,982,537 own shares, representing 6.29% of its share capital, indicating a significant stake in its own equity.
More about Elica S.p.A.
Elica S.p.A. is an Italian company renowned for its design and production of cooking appliances, particularly kitchen extraction systems. With over 50 years of history, it holds a global leadership position and serves as a European reference point in electric motors for household appliances and heating boilers. The company employs around 2,600 people across its headquarters in Fabriano and seven plants located in Italy, Poland, Mexico, and China.
YTD Price Performance: -36.18%
Average Trading Volume: 905
Technical Sentiment Signal: Buy
Current Market Cap: €79.79M
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