Italy's Racing Force H1 revenue rises driven by Americas sales growth

By Reuters News


Overview

  • Italy motorsport safety equipment maker's H1 revenue rose 19% yr/yr to EUR 46.8 mln

  • EBITDA for H1 climbed 23% to EUR 10.2 mln, margin reached 21.7%

  • Company attributed growth to broad-based demand and improved profitability


Outlook

  • Company expects growth to continue in coming periods, citing strong demand across segments

  • Company plans Riot helmet commercial launch in early 2027, Gladiator helmet tenders expected in 2027

  • Company sees improvement in working capital dynamics and operating cash flow in H2 2026


Result Drivers

  • BROAD-BASED DEMAND - Co said revenue growth was driven by strong demand across all product segments and geographies

  • PRODUCT MIX AND PRICING - Stable gross margin attributed to positive contribution from product mix and pricing, offsetting higher raw material costs

  • AMERICAS SALES GROWTH - Sales in the Americas rose 41.4%, contributing to overall revenue increase


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

H1 Revenue

EUR 46.8 mln

H1 EBITDA

EUR 10.2 mln


Analyst Coverage

  • The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the recreational products peer group is "buy."

  • Wall Street's median 12-month price target for Racing Force SpA is €6.25, about 26% above its September 28 closing price of €4.96

  • The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 22 three months ago


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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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