Company: Landi Renzo
Listings: Milan Exchange & Frankfurt Exchange
Ticker: LR.MI & ARQ.F
Market cap at time of publication: € 116 MEUR
Stock price at time of publication: € 0.52
Analyst target Price: € 0.98 EUR
Business: RNG/Hydrogen mobility & OEM producer
Website: https://landirenzo.com/
ESGFIRE Comment: The new ESGFIRE portfolio company Landi Renzo released their financial results for the first 6 months of 2022 on friday 9th . Consolidated revenues increased by 12 % compared to the same period last year. The numbers were encouraging with better growth and better profitability in the making. The company has significantly strengthened its financial position by the recent capital increase which gave proceeds of over €58 million EUR. What we especially like about Landi Renzo is that many macro trends are in strong favor of the business. Landi Renzo Group is a world leader in the design and manufacture of energy transition technologies focusing on vehicles, passenger and freight, powered by natural gas (“CNG”), liquefied natural gas (“LNG”), bio-methane, liquefied petroleum gas (“LPG”) and hydrogen (“Green Transportation” sector). Governments globally have many initiatives for fighting climate disaster and lowering emissions worldwide and Landi Renzo is in a good position to benefit from these macro initiatives.Management , judging from the comments below, seem especially happy with the companys growth in India which was 40 % YOY.
Full press release of the financial results can be found HERE
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