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Analyst Coverage

    Banca Intesa Sanpaolo

    Expansion Abroad and Offering Evolution Support FY25 Top Line, FEB 17, 2026

    TP ICAP MIDCAP

    Acrobatica better than expectations: France +30.6% YoY โ€“ Feb 10, 2026

    TP ICAP MIDCAP

    Acrobatica FY 2024 results โ€“ Apr 09, 2025
    Solid performance โ€“ review on 2024 revenues in line with the expectations โ€“ Feb 17, 2025

    Banca Intesa Sanpaolo

    SOLID TRADITIONAL BUSINESS AND NEW NICHES FOR THE FUTURE – OCT, 16, 2024
    New Businesses and Markets to consolidate Growth โ€“ April 24, 2024
    FY23 Rev Results First Take_Rock Solid and Overall Growing โ€“ February, 15 2024

    TP ICAP MIDCAP

    Start to the Year in line โ€“ Q1 Results โ€“ May 14, 2024
    A diversification that is becoming increasingly widespread_TP 22.8โ‚ฌ vs 21.8โ‚ฌ โ€“ February, 22 โ€“ 2024
    Results review FY23: Strong performance โ€“ February, 15 โ€“ 2024

    Value Track

    RESILIENT EXPANSION AMID PROFITABILITY CHALLENGES – OCT, 15, 2024
    Relentless Growth in commercial traction โ€“ April 26, 2024
    BRILLIANT Q4, INCREASING DIVERSIFICATION โ€“ February, 19 โ€“ 2024

    Banca Intesa Sanpaolo

    A quick overview on the current business trend โ€“ November, 20 โ€“ 2023
    Daily Note_9M23 Sales Results: Solid, Revenues & Number of Contracts Up โ€“ November, 9 โ€“ 2023
    Report_Growing business despite fading fiscal bonuses_BUY confirmed and +59% potential upside on fair value โ€“ October, 26 โ€“ 2023
    Equity Daily_Acceleration in contracts in 9M23 โ€“ October, 12 โ€“ 2023
    Equity Daily_Anna Marras confirmed as CEO; Tino Seminara named Board Member โ€“ October, 10 โ€“ 2023
    Equity Daily_Number of contracts up by 50% in 1H23 โ€“ July, 13 โ€“ 2023
    Equity Daily: 1Q2023_Rating BUY and TP โ‚ฌ 26.7 per share โ€“ May, 4 โ€“ 2023
    New Heights Ahead. BUY 26,7โ‚ฌ TP (21_04_23) โ€“ April, 21 โ€“ 2023
    Equity Daily: EdiliziAcrobatica FY22 Results โ€“ March, 31 โ€“ 2023
    Equity Daily: EdiliziAcrobatica FY22 preliminary results (top line) โ€“ February, 16 โ€“ 2023

    Invest Securities

    INVEST SECURITIES โ€“ A NEW PLAYGROUND IN THE MIDDLE EAST โ€“ DECEMBER 13, 2022

    TP ICAP MIDCAP

    9M23 โ€“ The momentum continues โ€“ TP 21.8 โ€“ November, 10 โ€“ 2023
    EdiliziAcrobatica: Initiation of Coverage: BUY (20_04_23)
    EdiliziAcrobatica: +50% increase in the number of contracts signed_BUY TP 25โ‚ฌ_ July, 13 โ€“ 2023

    Value Track

    Growth Goes on: 9M23 Revenues โ€“ November, 10 โ€“ 2023
    Report_Growth goes on but no more extra profits โ€“ October, 26 โ€“ 2023
    No fiscal bonus, no problem. BUY 25โ‚ฌ TP (21_04_23) โ€“ April, 21 โ€“ 2023

    Banca Intesa Sanpaolo

    ISP_EdiliziAcrobatica_Company Note: Strong 1H2022 โ€“ October, 25 โ€“ 2022
    Equity Daily: Augustโ€™s Subscribed Contracts โ€“ September, 12 โ€“ 2022
    Equity Daily: Mayโ€™s Subscribed Contracts โ€“ June, 8 โ€“ 2022
    ISP EdiliziAcrobatica Company Note FY Results and Outlookโ€“ April, 11 โ€“ 2022

    Invest Securities

    INVEST SECURITIES โ€“ EDAC REPORT โ€“ December 13, 2022
    INVEST SECURITIES โ€“ A NEW PLAYGROUND IN THE MIDDLE EAST โ€“ December 13, 2022
    INVEST SECURITIES โ€“ EDAC REPORT โ€“ October 05, 2022

    Value Track

    1H22 marks a new alltime high for business โ€“ October 27, 2022

    Update post FY 21 โ€“ April 11, 2022

    Value Track_EdiliziAcrobatica_Update post FY21 figures

    Banca Intesa Sanpaolo

    Calls from Italy โ€“ October, 6 โ€“ 2021
    Italian Equity Daily โ€“ August, 4 โ€“ 2021
    Equity Daily โ€“ August, 10 โ€“ 2021
    EdiliziAcrobatica_ Company Note_ ISP โ€“ June, 11 โ€“ 2021
    Intesa SanPaolo_ Daily Note โ€“ May, 7 โ€“ 2021
    2021 04 20 EdAc Update_Banca Intesa Sanpaolo โ€“ April, 20 โ€“ 2021

    Invest Securities

    INVEST SECURITIES โ€“ EDAC REPORT โ€“ August 04, 2021

    Value Track

    Time to look beyond fiscal incentives

    EdAc Update โ€“ October 26, 2021

    Business rebound continues

    EdAc Flash Note_Value Track โ€“ May 06, 2021

    Fiscal aids, short term game changer

    EdAc Update Value Track โ€“ April 08, 2021

    Back to growth despite Covid-19

    EdAc Update_Value Track โ€“ March 11, 2021

    Invest Securities

    INVEST SECURITIES โ€“ EDAC REPORT โ€“ October 11, 2020
    INVEST SECURITIES โ€“ FLASH EDAC โ€“ February 24, 2020

    Value Track

    Growth on pause due to Covid-19

    EdAc Update โ€“ October 13, 2020

    Increasing its growth effort even in difficult time

    Update report post FY19 results March 31, 2020

    Banca Profilo

    Robust growth despite Covid-19

    EDAC_Company Update October 30, 2020

    EDAC Company Update: Robust growth despite Covid-19

    EDAC_Company Update May 11, 2020
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