Recordati S.p.A.

Recordati S.p.A.

52.95
EUR
-0.05
(-0.09%)
2.38EPS
21.14P/E
10.52BMarket Cap
Nov 10Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
4.67
4.85
5.1
5.6
6.22
6.62
7.23
7.04
7.67
9.01
10.13
11.35
12.74
13.22
Basic EPS, GAAP
0.66
0.79
0.97
1.15
1.39
1.53
1.8
1.73
1.87
1.52
1.89
2.02
2.16
2.43
Free Cash Flow per Basic Share
0.46
0.76
1.04
1.06
-0.23
1.75
-0.61
1.32
1.96
1.78
0.5
-1.36
2.49
2.56
Dividend per Share
0.32
0.37
0.54
0.65
0.77
0.88
0.93
1.03
1.05
1.12
1.2
1.23
1.3
1.33
Book Value per Share
3.46
3.85
4.23
4.4
4.93
4.72
5.82
6.19
6.71
7.53
8.19
9.1
9.39
10.4
Tangible Book Value per Share
-0.31
0.28
0.83
0.33
-0.26
-1.4
-2.63
-1.95
-1.51
-4.83
-5
-6.95
-6.21
-5.25
Basic Weighted Avg Shares
202
204
205
206
207
204
205
206
206
206
206
206
205
205
Sales/Revenue/Turnover
942
987
1,048
1,154
1,288
1,352
1,482
1,449
1,580
1,853
2,082
2,342
2,618
2,705
Operating Margin (%)
22.28
23.75
27.04
29.45
31.71
32.94
31.68
32.7
31.97
26.66
27.17
28.18
27.49
29.87
Depreciation Expense
35
43
38
38
48
57
78
94
98
126
143
167
206
210
Net Income, GAAP
134
161
199
237
289
312
369
355
386
312
389
417
444
497
Effective Tax Rate (%)
26.05
24.95
25.1
25.17
25.78
25.25
16.95
22.08
16.7
22.2
20.74
23.88
23.68
24.54
Profit Margin (%)
14.2
16.33
18.97
20.57
22.42
23.1
24.89
24.5
24.43
16.85
18.69
17.79
16.94
18.38
Working Capital
60
240
320
241
398
209
223
194
224
250
199
562
625
359
LT Debt
197
286
283
294
612
641
937
778
760
1,342
1,353
2,174
2,130
1,690
Total Equity
702
787
870
904
1,027
964
1,199
1,276
1,382
1,546
1,686
1,877
1,920
2,131
Return on Invested Capital (%)
15.35
16.21
18
19.87
20.06
18.76
18.91
15.69
17.22
12.01
12.96
12.18
11.51
12.78
Return on Capital (%)
15.12
16.36
18.02
20.08
20.18
19.02
18.82
15.9
17
11.97
13.27
12.18
11.87
12.98
Return on Common Equity (%)
19.61
21.65
23.99
26.77
29.91
31.39
34.12
28.69
29.05
21.34
24.08
23.38
23.37
24.85

Capital Structure

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
337
610
620
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
204
203
205
Market Capitalization
9,919
10,029
10,517

Working Capital

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,678
1,728
1,758
Cash, Cash Equivalents & STI
429
380
391
Accounts Receivable, Net
570
659
652
Inventories
540
546
550
Total Current Liabilities
1,053
1,368
1,399
Payables & Accruals
- -
- -
- -
ST Debt
337
610
620
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.5%
8.56%
2.29%
Free Cash Flow
-210.9%
-138.11%
-281.97%
Net Income, GAAP
9.13%
5.56%
6.51%
Sales/Revenue/Turnover
9.71%
12.6%
11.82%
Total Cash Common Dividend
9.38%
4.71%
5.45%

Quarterly Revenue

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
608
578
557
598
2,342
2025
680
644
632
662
2,618
2026
713
697
- -
- -
- -

Quarterly Earnings Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.6
0.49
0.55
0.38
2.02
2025
0.61
0.44
0.54
0.57
2.16
2026
0.75
0.57
- -
- -
- -

Quarterly Dividends Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.62
0.01
0.6
1.23
2025
0.01
0.66
- -
0.63
1.3
2026
- -
0.7
- -
- -
- -

Company Description

CEO
Robert Koremans
Full Time Employees
4,693
Sector
Health technology
Industry
Pharmaceuticals: major
Address
Via Matteo Civitali,1 Milan MI Italy 20148
IPO Date
Jan 1, 1984
Business
Recordati Industria Chimica e Farmaceutica S.p.A. (REC.MI) is an Italy-based international pharmaceutical group dedicated to the research, development, manufacturing, and marketing of prescription and non-prescription pharmaceuticals, pharmaceutical chemicals, and therapeutic products for specialty care, primary care, consumer healthcare, and rare diseases; its core offerings encompass active pharmaceutical ingredients such as Aciclovir, Verapamil Hydrochloride, Sertraline Hydrochloride, Dobutamine Hydrochloride, Ketorolac Tromethamine, and intermediates like Tetrahydropapaverine, alongside finished medicines addressing common diseases and rare conditions including Cushing’s syndrome via Isturisa (osilodrostat), which recently received FDA expanded indication for endogenous hypercortisolemia. Founded in 1926 in Correggio, Italy, and headquartered in Milan with approximately 4,450-4,580 employees across 10 plants including sites in Italy, Ireland, and Tunisia, the company operates in around 150 countries spanning Europe, Russia and CIS countries, Turkey, North Africa, the United States, Canada, Mexico, South America, Japan, and Australia through subsidiaries such as Recordati Rare Diseases, Casen Recordati, Jaba Recordati, and Recordati Ilaç. Recent developments include the 2024 agreement to acquire global rights to Enjaymo (sutimlimab) from Sanofi to bolster its rare diseases portfolio, preliminary 2024 results showing revenue growth of 12.4%, EBITDA up 12.5%, and adjusted net income up 8.4% with raised peak sales targets for key rare disease products, alongside earlier expansions like the acquisition of EUSA Pharma in the UK for rare diseases and endocrinology and new subsidiaries in Japan and Australia.

Company News

  • RECORDATI ANNOUNCES THE WINNER OF THE 12TH EDITION OF THE ARRIGO RECORDATI PRIZE FOR SCIENTIFIC RESEARCH

  • RECORDATI: SOLID MOMENTUM OF THE GROUP CONTINUES FIRST HALF 2026. NET REVENUE +6.6%, EBITDA +8.8%, ADJUSTED NET INCOME +6.7%

  • RECORDATI: PROSEGUE IL SOLIDO SLANCIO DI CRESCITA DEL GRUPPO NEL PRIMO SEMESTRE DEL 2026 RICAVI NETTI +6,6%, EBITDA +8,8%, UTILE NETTO RETTIFICATO +6,7%

  • RECORDATI: STRONG MOMENTUM OF THE GROUP CONTINUES INTO THE FIRST QUARTER OF 2026 NET REVENUE +4.9%, EBITDA(1) +5.0%, ADJUSTED NET INCOME(2) +7.2%

  • RECORDATI: IL FORTE SLANCIO DEL GRUPPO PROSEGUE NEL PRIMO TRIMESTRE DEL 2026 RICAVI NETTI +4,9%, EBITDA(1) +5,0%, UTILE NETTO RETTIFICATO(2) +7,2%

  • RECORDATI FIRST NINE MONTHS 2025 RESULTS: REVENUE +12.2%, EBITDA(1) +11.8%, ADJUSTED NET INCOME(2) +10.7%; ISTURISA PEAK SALES ESTIMATE DOUBLED TO GREATER THAN € 1.2 BILLION