SBE-Varvit S.p.A. Class A

SBE-Varvit S.p.A. Class A

MMIL:VARV
6.80
EUR
-0.10
(-1.45%)
630.48MMarket Cap
Mar 03Next Earn
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
85.92
109.01
3.37
2.84
3.96
- -
Basic EPS, GAAP
8.77
14.46
0.47
0.28
0.39
- -
Free Cash Flow per Basic Share
15.45
-2.76
0.25
0.3
0.44
- -
Dividend per Share
- -
- -
- -
0.18
0.21
- -
Book Value per Share
2.3
2.6
3.37
3.47
4.93
4.93
Tangible Book Value per Share
2.18
2.49
3.26
3.36
4.75
4.75
Basic Weighted Avg Shares
4
4
118
117
85
85
Sales/Revenue/Turnover
309
392
396
332
337
- -
Operating Margin (%)
17.5
20.27
16.21
13.92
14.49
- -
Depreciation Expense
28
31
34
37
37
- -
Net Income, GAAP
32
52
55
33
33
- -
Effective Tax Rate (%)
24.29
23.11
4.52
23.38
26.81
- -
Profit Margin (%)
10.21
13.26
13.96
9.84
9.73
- -
Working Capital
164
186
221
232
260
260
LT Debt
22
31
18
11
27
27
Total Equity
269
311
403
418
435
435
Return on Invested Capital (%)
- -
18.21
15.12
7.87
7.78
- -
Return on Capital (%)
- -
15.28
13.7
7.16
6.86
- -
Return on Common Equity (%)
- -
18.17
15.83
8.17
7.94
- -

Capital Structure

EUR

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
7
9
8
LT Borrowings
5
11
21
LT Finance Leases
6
5
7
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
117
85
85
Market Capitalization
977
716
630

Working Capital

EUR

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
318
324
352
Cash, Cash Equivalents & STI
87
85
121
Accounts Receivable, Net
72
90
75
Inventories
149
141
154
Total Current Liabilities
86
91
93
Payables & Accruals
- -
- -
- -
ST Debt
7
9
8
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
3.95%
Free Cash Flow
- -
- -
6.45%
Net Income, GAAP
- -
- -
0.41%
Sales/Revenue/Turnover
- -
- -
1.54%
Total Cash Common Dividend
- -
- -
-16.66%

Semi-annual Revenue

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
396
2024
- -
- -
332
2025
- -
- -
337

Semi-annual Earnings Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.47
2024
- -
- -
0.28
2025
- -
- -
0.39

Semi-annual Dividends Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
0.18
2025
- -
- -
0.21

Company Description

Sector
Producer manufacturing
Industry
Metal fabrication
Address
Reggio Emilia Italy
IPO Date
Nov 14, 2023
Website
sbe.it
Business
SBE-Varvit S.p.A. is an Italy-based industrial engineering and manufacturing company that designs, produces, and distributes high-strength fasteners, custom-engineered mechanical components, and advanced fastening systems. Founded in 1962 and headquartered in Reggio Emilia, Italy, the company operates as the industrial core of the Vescovini Group, serving over 5,000 customers across more than 70 countries worldwide. SBE-Varvit manages an integrated end-to-end supply chain covering product development, tool manufacturing, hot and cold forging, heat treatments, surface coatings, optical sorting, and automated logistics. The company offers a comprehensive portfolio of more than 27,000 standard and custom product references, organized across primary product and service categories: standard and high-tensile threaded fasteners, including hexagon head bolts, socket head cap screws, high-strength structural bolts, flange screws, studs, nuts, and washers compliant with ISO, DIN, and international specifications; custom-engineered cold-formed and hot-forged mechanical fasteners tailored to proprietary client blueprints; specialized chassis, powertrain, and suspension fasteners, including wheel bolts and high-torque assembly studs; critical fastening systems for extreme-load industrial machinery, heavy equipment, and structural applications; metallurgical and surface treatment services, including in-house quenching, tempering, zinc-nickel electroplating, and specialized anti-corrosion protective coatings; and automated vendor-managed inventory, testing, and technical support services. SBE-Varvit supplies major original equipment manufacturers (OEMs) and tier suppliers across diverse end markets, including automotive and commercial transportation, agricultural machinery, earthmoving and construction equipment, industrial machinery, railway systems, civil infrastructure, and renewable energy installations such as wind power generation. The company operates seven manufacturing plants and logistics hubs, including primary facilities in Monfalcone, Reggio Emilia, Grugliasco, Acerra, and Tolmezzo in Italy, an international production facility in Serbia, and distribution operations in the United States through Varvit USA. In recent corporate and strategic developments, SBE-Varvit completed its initial public offering on the Euronext Growth Milan market of Borsa Italiana in November 2023 under the ticker symbol VARV, establishing a strategic objective to transition to the main regulated market segment. In the subsequent period, the company has undertaken substantial capital investments aimed at expanding production efficiency and technological capabilities, deploying artificial intelligence-powered optical inspection and sorting systems, expanding automated warehousing capacity, and integrating on-site photovoltaic and cogeneration energy systems to enhance operational sustainability across its manufacturing footprint.