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Piovan - Investor Relations & Filings

Delisted Apr 2025 · Other Other Delisted for a reason that doesn't fit the standard categories, or awaiting classification.
Ticker · PVN ISIN · IT0005337958 LEI · 8156007367A2044B7685 XMIL Manufacturing
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Filings indexed 493 across all filing types
Latest filing 2025-01-28 M&A Activity
Country IT Italy
Listing XMIL PVN

Key figures FY2024

Period ended 2024-12-31 · EUR
Headline annual figures for Piovan, fiscal year 2024, reported in EUR, with the source filing for each figure.
Total Revenues EUR 561.83M per the Earnings Release filed 2025-03-20
Net Income EUR 46.33M per the Earnings Release filed 2025-03-20
Total Assets EUR 531.62M per the Earnings Release filed 2025-03-20
Total Equity EUR 203.90M per the Earnings Release filed 2025-03-20
Cash from Ops EUR 56.52M per the Earnings Release filed 2025-03-20

As reported by the issuer in the filings linked above. Figures are normalized for comparability; consult the source filing for the authoritative statement.

About Piovan

https://www.piovan.com/the-group/

PiovanGroup is a global leader in the development and production of industrial automation systems for the storage, transport, and processing of polymers, plastic powders, and food powders. The company designs, manufactures, and installs a comprehensive range of auxiliary equipment, turnkey systems, and solutions for industrial refrigeration and process fluid thermoregulation. A key focus is on developing technologies that support the circular economy, particularly for the recycling and reuse of plastics. The group serves its markets through a portfolio of specialized brands, including Piovan, Conair, Thermal Care, and Penta, providing integrated solutions for the plastics and food processing industries.

Recent filings

Filing Released Lang Actions
Comunicato ex art. 102 TUF (ENG)
M&A Activity Classification · 100% confidence The document explicitly announces a "MANDATORY TENDER OFFER ON THE ORDINARY SHARES OF PIOVAN S.P.A." and details the legal basis (Articles 102 and 106 of the CFA), the consideration (Euro 14.00 per share), the number of shares subject to the offer, and the parties involved in the transaction. This content directly relates to a takeover bid or a mandatory offer triggered by crossing ownership thresholds, which aligns perfectly with the definition of M&A Activity (TAR). Although the document mentions the goal of 'obtaining the delisting', the core subject is the tender offer itself, not the subsequent delisting announcement (DLST) or a general regulatory filing (RNS).
2025-01-28 English
Comunicato ex art. 102 TUF
Legal Proceedings Report Classification · 99% confidence The document is titled "OFFERTA PUBBLICA DI ACQUISTO OBBLIGATORIA SULLE AZIONI ORDINARIE DI PIOVAN S.P.A. PROMOSSA DA AUTOMATION SYSTEMS S.P.A." (Mandatory Public Purchase Offer on the Ordinary Shares of Piovan S.p.A. promoted by Automation Systems S.p.A.). It explicitly references Italian financial regulations (Decreto Legislativo n. 58, CONSOB regulations) and details the terms of a mandatory takeover bid (Offerta Pubblica di Acquisto Obbligatoria) aimed at delisting the target company's shares. This type of corporate action, involving a takeover bid, falls under the category of M&A Activity (TAR) or potentially Capital/Financing Update (CAP) if the focus was purely on the financing structure. However, since the core subject is the acquisition offer itself, TAR (Takeover/Merger Activity) is the most appropriate classification. It is a formal announcement detailing the offer price, target shares, and legal prerequisites for a takeover.
2025-01-28 Italian
The change of control of Piovan S.p.A. has been completed
M&A Activity Classification · 95% confidence The document is a press release announcing the completion of a change of control (acquisition of a majority stake) in Piovan S.p.A. by Automation Systems S.p.A., the appointment of a new Board of Directors, and the intention to launch a mandatory tender offer for delisting. This event involves significant corporate governance changes, management appointments, and a major transaction (takeover/acquisition leading to delisting). While it touches upon management changes (MANG) and potential delisting (DLST), the core announcement is about the completion of the acquisition that triggered these changes. The most fitting category for announcements detailing changes in the company's board of directors or senior management, especially following a change of control, is Board/Management Information (MANG). It is not a formal regulatory filing like a 10-K or an earnings release (ER).
2025-01-28 English
Finalizzato con Automation Systems S.p.A. il cambio di controllo di Piovan SpA
Delisting Announcement Classification · 99% confidence The document is a press release ("Comunicato Stampa") dated January 28, 2025, detailing the completion of a change of control in Piovan S.p.A. by Automation Systems S.p.A. Key events mentioned are the entry into office of a new Board of Directors and the launch of a mandatory Tender Offer (Offerta Pubblica di Acquisto) for the remaining shares, specifically aimed at delisting the company from the stock exchange. The mention of a mandatory tender offer following a change of control, which is aimed at delisting, strongly suggests a corporate action related to ownership change and subsequent market exit. This aligns best with 'M&A Activity' (TAR) or potentially 'Capital/Financing Update' (CAP) due to the tender offer, or 'Delisting Announcement' (DLST). Since the core event is the acquisition leading to the delisting intention, and the document announces the mandatory tender offer (a key part of the takeover process), TAR (Takeover/Merger Activity) is highly relevant. However, the explicit goal mentioned is *delisting* ('finalizzata al *delisting*'). Given the specific definitions, 'Delisting Announcement' (DLST) covers the outcome being pursued, while 'M&A Activity' (TAR) covers the preceding acquisition and the tender offer itself. Since the document announces both the closing of the acquisition and the subsequent mandatory tender offer for delisting, it is fundamentally an M&A/Takeover document. If a specific 'Takeover Bid' code existed, it would be ideal, but TAR covers M&A proposals/bids. The announcement of the mandatory tender offer for delisting is a direct consequence of the takeover. I will classify it as M&A Activity (TAR) as it details the transaction structure and the subsequent mandatory offer, which is a core component of a takeover process.
2025-01-28 Italian
Internal Dealing
Director's Dealing Classification · 100% confidence The document text is structured as a formal notification detailing transactions involving shares by persons discharging managerial responsibilities ('Soggetto Rilevante' / 'Relevant Person'). Specifically, it lists the name of the person (Filippo Zuppichin, Davide Cappellini), their position (CEO), the issuer (Piovan S.p.A.), the nature of the transaction ('Assegnazione di azioni a titolo gratuito' - Free assignment of shares), the price (€ 0,00), and the volume. This format is characteristic of insider trading disclosures, often mandated by regulations like MAR (Market Abuse Regulation) in Europe, which report personal share transactions by directors and executives. This aligns directly with the definition for Director's Dealing (DIRS).
2025-01-24 Italian
Press release issued at the request of Automation Systems S.p.A.
M&A Activity Classification · 100% confidence The document is a press release announcing the successful acquisition of a controlling shareholding in Piovan S.p.A. and the subsequent plan to launch a mandatory tender offer for the remaining shares. This involves a significant corporate transaction, specifically an acquisition leading to a change in control and a mandatory offer to buy out minority shareholders. This falls directly under the definition of M&A Activity (Takeover/Merger proposals). The document explicitly discusses the acquisition ('Transaction') and the upcoming 'Mandatory Tender Offer'. Therefore, the appropriate code is TAR.
2025-01-10 English

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