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Basic Net SpA (BCNT.MI)

BCNT.MI on Milan Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Basic Net H1 net profit down at EUR 3.5 million
Tuesday, 1 Aug 2017 04:20am EDT 

Aug 1 (Reuters) - BASIC NET SPA ::REPORTED ON MONDAY H1 AGGREGATE SALES OF GROUP PRODUCTS EURO 372.9 MILLION VERSUS EURO 360.2 MILLION A YEAR AGO.H1 NET PROFIT EUR 3.5 MILLION VERSUS EUR 5.1 MILLION A YEAR AGO.IN GENERAL, THE COMPANY'S OPERATING RESULTS ARE EXPECTED TO BE STRONG IN H2 BASED ON THE ORDER BOOK AND EXPECTED ROYALTIES AND SOURCING COMMISSIONS.  Full Article

Basic Net unit acquires Sebago brand from Wolverine World Wide
Tuesday, 1 Aug 2017 04:18am EDT 

Aug 1 (Reuters) - BASIC NET SPA ::SAID ON MONDAY IT SIGNED THE AGREEMENT FOR THE ACQUISITION OF THE SEBAGO BRAND FROM THE AMERICAN COMPANY WOLVERINE WORLD WIDE.INTELLECTUAL PROPERTY RIGHTS FOR THE SEBAGO TRADEMARKS AND RELATED ASSETS HAVE BEEN ACQUIRED BY TOS SRL, A COMPANY FULLY OWNED BY THE BASICNET GROUP, FOR USD 14.25 MILLION.THE OPERATION HAS BEEN FUNDED THROUGH A EUR 13 MILLION LOAN GRANTED BY MPS CAPITAL SERVICES BANCA PER LE IMPRESE SPA.  Full Article

Basic Net is new owner of Briko brand
Monday, 5 Jun 2017 02:49am EDT 

June 5 (Reuters) - BASIC NET SPA ::SAYS IT HAS EXERCISED OPTION RIGHT TO PURCHASE THE BRAND BRIKO; THE CLOSING OF THE OPERATION IS SCHEDULED FOR JULY 31.PURCHASE OF THE BRAND TAKES PLACE AT INITIAL PRICE OF EUR 1 MILLION, WITH FURTHER CONSIDERATION BASED ON SALES OF BRIKO PRODUCTS AT JUNE 30 2019, WITH A CAP SET AT EUR 3 MILLION.  Full Article

Basic Net Q1 aggregate sales of group brand products up 4.9 pct at EUR 198.8 mln
Thursday, 27 Apr 2017 05:21am EDT 

April 27 (Reuters) - Basic Net SpA ::Q1 aggregate sales of group brand products EUR 198.8 million ($216.75 million) versus EUR 189.4 million year ago.A strong second quarter commercial performance is expected based on the order book and forecast royalties and sourcing commissions.  Full Article

Basic Net proposes dividend of EUR 0.06 per share
Wednesday, 22 Mar 2017 07:31am EDT 

Basic Net SpA :Proposes dividend of 0.06 euros ($0.0647) per share.  Full Article

Basic Net H1 net profit down to EUR 5.1 mln
Friday, 29 Jul 2016 07:04am EDT 

Basic Net SpA : H1 net profit 5.1 million euros ($5.67 million) versus 9.1 million euros a year ago .H1 licensee aggregate sales 360.2 million euros versus 372.4 million euros a year ago.  Full Article

Basic Net Q1 revenue stable at EUR 51.4 mln
Friday, 13 May 2016 11:50am EDT 

Basic Net SpA :Q1 consolidated revenues amounted to 51.42 million euros ($58.06 million) at current exchange rates, in line with Q1 2015 consolidated revenues of 51.49 million euros.  Full Article

BasicNet SpA signs distribution licensee agreement for Italian brand Briko‍
Friday, 18 Mar 2016 07:09am EDT 

BasicNet SpA:Signs an exclusive global distribution licensee agreement with sub-license rights for Italian brand briko‍​.Agreement includes purchase option for Basic Net on Briko brand, exercizable until June 30, 2019 at pre-established conditions ‍.Investment required, which currently may not be exactly calculated, is about 3 million euros.‍Briko produces helmets, sunglasses and clothing for skiing and cycling​‍​‍​.  Full Article

BasicNet SpA proposes FY 2015 dividend
Friday, 18 Mar 2016 06:57am EDT 

BasicNet SpA:Proposes dividend of 0.10 euro per share.  Full Article

BRIEF-Basic Net H1 net profit down at EUR 3.5 million

* REPORTED ON MONDAY H1 AGGREGATE SALES OF GROUP PRODUCTS EURO 372.9 MILLION VERSUS EURO 360.2 MILLION A YEAR AGO