The total value exchanged during the week is € 22.4 million; 29 positive titles with an average of + 2.22%. The FTSE AIM Italia scored -0.78%. The FTSE Italia PIR PMI All recorded a performance of + 1.18%. The 5 best performances of the week: SITI B & T Group: 7.03% (CMG Euro 58.102) Alfio Bardolla Training Group: 6.88% (CMG Euro 64.994) FOPE: 5.15% (CMG Euro 28.512) Milan Cults: 4, 36% (CMG Euro 11.538) First Capital: 3.92% (CMG Euro 30.387) At sector level * the best performance was recorded by the Fashion and Luxury sector (+ 2.5%), followed by the Services sector (+0, 5%) Sector Performance Fashion and Luxury: 2.5% (CMG Euro 15.794) Services: 0.5% (CMG Euro 51.388) Finance: -0.4% (CMG Euro 91.621) Industry: -0.4% (CMG Euro 62.552) Food: -0.5% (CMG Euro 71.067) Renewable Energy and Energy: -1.0% (CMG Euro 14.461) Healthcare: -1.9% (CMG Euro 58.110) Chemistry: -2.1% ( CMG Euro 844,994) Average: -2.5% (CMG Euro 22.777) Telecommunications: -2.6% (CMG Euro 24.426) Technology: -2.6% (CMG Euro 102.035) * Sectoral classification by the IR TOP Observer (www.pmicapital.it) The main News of the week IR TOP CONSULTING PRESS CONFERENCE: "BONUS QUOTATION": THE ACTUAL DECREE ON TAX CREDIT - Potential for AIM ITALIA. The event will be held on April 18 at 15:30 in Milan and will be an opportunity to deepen the ministerial decree implementing art. 1 c. 89 of the Budget Law 2018 which introduced a 50% tax credit on consulting costs incurred for the listing on the stock market of SMEs. Speakers Francesco Caio, Councilor for Industrial Policy for the Presidency of the Council of Ministers, Stefano Firpo, Director General for Industrial Policy, Competitiveness and SMEs of the Ministry of Economic Development and Anna Lambiase, CEO of IR Top Consulting, financial advisor for the listing of SMEs on AIM who collaborated with the government on the definition of the tax credit rule through the empirical analysis of listing costs. Followed by a round table dedicated to companies listed on AIM Italy during which the Managing Directors will test the advantages of the AIM Italia market for business growth: ELETTRA INVESTIMENTI, FINLOGIC, FOPE, KOLINPHARMA, SCM SIM. KOLinPHARMA: for IR Top Research it is worth 8.67 per action KOLinPHARMA SpA is an Innovative SME specialised in research and development in the growing nutraceutical market. IR Top Research started the KOLinPHARMA coverage with a target price of 8.67 euros per share, an average of 8.47 euros per share obtained with the DCF method and 8.87 euros obtained using the multiples method (applying a 27.75% discount to the peer group of international players and no discount to the peer group made up of companies listed on the AIM Italia market). According to estimates, KOLinPHARMA is expected to close 2018 with revenues of 6.7 million euro, EBITDA of 1.5 million euros (EBITDA margin of 23%) and reach the break-even point at the level of net result, expected positive and equal to 0.5 million euros. The stock, which capitalises around 10 million euros with an Enterprise Value of 13 million euros, has a multiple EV / EBITDA 2018 of 8.3x against a median value of 9.2x of the peers considered. Clabo, 96 million in revenues and 14 mln of ebitda in 2022. Clabo SpA, founded in 1958 and international leader in the catering furnishings sector, specialises in the production and marketing of professional display cases for ice-cream parlors, patisseries, bars, cafés and hotels. Clabo's new 2018-2022 strategic lines, presented today in Milan, forecast revenues of euro 96 million for 2022 (against 44.8 in 2017) and 14 million of ebitda (5 last year), with a margin of 14.6% and a net financial position of around 15 million. This is an upward update compared to the one presented in November 2016, following the acquisitions of Easy Best in China and Howard McCray in the USA. The action plan of the Marche group provides for the implementation of a multinational organisational model (which exploits the three production plants in Italy, China and the US), the efficiency of the production plants (the Italian plant being of best practice) and finally the product innovation (from 2020 a new range of products dedicated to preservation is expected to be introduced, which will increase the level of revenues, when fully operational, of around 20 million euros). Meanwhile, for 2018 the guidance is 58 million in revenue and 7.2 in ebitda, with a margin of 12.4%. Gpi, in 2017 revenues grew by 32% to 180 million euro. GPI, based in Trento and with over 3,600 employees, was founded in 1988 by Fausto Manzana. Thanks to a cutting-edge technological offer in the field of socio-health informatics and new hi-tech services for health, it is able to to meet the transformation needs and the innovative pressures of its numerous customers in the public and private sectors. GPI closed 2017, a year characterised by eight M & A transactions, with € 180 million in revenues, 32% more than the previous year. Revenues from abroad increased (from 1.6 million in 2016 to 13 million last year), while recurring revenues - 133.3 million - now account for 74% of the consolidation. The Information Systems business area grew by 75% to 78 million, that of Administrative Services for Health by 7% to 81.2 million while the other business areas by 33% to 20.7 million. The group's EBITDA increased by 29% to 25.9 million and net profit by 26% to 8.2 million. The net financial position is 52.5 million, with equity of 64.3 million. The BoD will propose to the Shareholders' Meeting, called for April 30th, both a dividend of € 0.30 per share and the request for admission to listing on the MT, hopefully in the Star segment. Modelleria Brambilla: 3 new orders for 11.1 mln euro. Modelleria Brambilla based in Correggio (RE) is one of the most important companies in the field of precision components for the automotive industry. Co.Stamp, founded in 1968 and based in Sirone (LC), is one of the international leaders in the automotive components industry. Modelleria Brambilla has announced that in March Co.Stamp Tools has received 3 new important orders for a total value of 11.1 million euros, bringing the order portfolio on March 31, 2018 of the combined entity to 55 million euros. The first order concerns the purchase by SIRPRESS, leader in the molding of die-cast aluminum parts, of a series of molds for the production of a new automatic transmission for the Daimler Group. The second order received from ENDURANCE FOA, a producer of die-cast materials for the automotive market, concerns the supply of molds for the production of a headwrap for the Volkswagen Group. Bomi, Quaestio and First Capital undertake a capital increase of 3.5 million. The Bomi Group is a leader in the field of biomedical logistics and the management of high-tech products for the protection of health. Bomi Italia has already received binding interests from some shareholders for the subscription of the capital increase of up to € 5 million proposed at the next shareholders' meeting and guaranteed by Bper Banca. Quaestio Capital Management SGR (on behalf of the Quaestio Italian Growth Fund) and First Capital have in fact pledged respectively with € 3 million and € 0.5 million, at the maximum subscription price of € 3 per share. Quaestio will take over the rights of some current shareholders (including Giorgio Ruini, Marco Ruini, Silvia Ruini and Incab & Co, Palmberg International Bv and Exential Consulting) at a price of € 0.032 and thus strengthen its position as the company's second largest shareholder and strategic partner of the Ruini family. WM Capital renews agreement with PrimaDonna WM Capital, specialised in Business Format Franchising, promotes business growth through the development of franchising systems in Italy and abroad, giving industrial and operational know-how and providing a qualified and international network. WM Capital has renewed its agreement with PrimaDonna, a womens shoe retailer with 392 franchised stores in Italy and abroad. The agreement foresees the presence of the PrimaDonna brand in magazines and on the AZ Franchising portal for the whole of 2018; in addition, WM Capital will search for new affiliates on behalf of PrimaDonna with the support of the AZ Franchising media system. "Primadonna, which started in 2000, today represents an example of Italian excellence for how it has developed a recognizable brand and an efficient network - said Fabio Pasquali, president of WM Capital - The renewal of agreements represents the recognition of the contribution given by AZ Franchising to the sector leader Primadonna". Wellnet (Prismi) with the new Benetton online store. PRISMI S.p.A. is a leading company in the digital marketing sector, active since 2007, which currently operates, through other group companies, in Italy and Switzerland, has 7 offices, over 300 employees, and is a leader in digital transformation. Wellnet, a subsidiary of Prismi, took part in the renewal project of the Benetton Group online store. With a pool of suppliers that have created the new online store and integrated it with all the systems involved, Wellnet, specialised in digital transformation for medium and large companies and PA, and has also provided quality assurance services to verify that the features developed comply with the requirements of the retailer. THE COMPANIES AIM 4AIM SICAF: 0.00% Living In: -7.10% Agatos: 0.00% Alfio Bardolla Training Group: 6,88% Alkemy: -5,90% Alp.I: -1,17% Ambromobiliare: 3,79% Assiteca : -0,81% axélero: -0,27% BioDue: -0,40% Bio-on: -2,14% Blue Financial Communication: -2,48% Bomi Italia: -7,10% Caleido Group: 0,00% Capital For Progress 2: 0,51% Casta Diva Group: -2,08% CdR Advance Capital: 0,00% Clabo : 1,85% Cover 50: 1,50% Crescita: 0,00% Culti Milano: 4,36% DBA Group: -4,42% DHH: 0,00% Digital Magics: -0,78% Digital360: -2,00% DigiTouch: -0,70% Ecosuntek: 0,00% Elettra Investimenti: -2,79% Energica Motor Company: -1,84% Energy Lab: -1,50% Enertronica: -1,15% EPS Equita PEP: -0,93% Equita Group: -3,18% Expert System: -10,00% Fervi: -9,69% Finlogic: -2,29% Fintel Energia Group: 0,00% First Capital: 3,92% FOPE: 5,15% Frendy Energy: 2,35% Gambero Rosso: 2,34% Gel: -3,39% Giorgio Fedon & Figli: 1,77% Glenalta: -0,99% GO Internet: -2,55% GPI: 0,47% Gruppo Green Power: -3,78% Health Italia: -3,49% H-FARM: -2,86% IdeaMI: 0,21% Illa: -2,82% Imvest: 0,72% Industrial Stars of Italy 3: -0,61% Iniziative Bresciane: 0,00% Innova Italy 1: 2,02% Innovatec: -0,93% Italia Independent Group: 1,56% Italian Wine Brands: -0,72% Ki Group: 0,00% Kolinpharma: 1,06% Leone Film Group: 0,00% Life Care Capital: -2,31% Lucisano Media Group: -1,78% MailUp: -2,97% Masi Agricola: 0,23% Modelleria Brambilla: 2,01% Mondo TV France: 0,00% Mondo TV Suisse: -0,45% Neodecortech: 2,86% Net Insurance: -2,97% Neurosoft: 0,00% Notorious Pictures: -6,67% Orsero: -1,33% Pharmanutra: -1,89% Piteco: -3,69% PLT Energia: -3,10% Poligrafici Printing: -8,45% Portale Sardegna: 0,00% Prismi: 0,91% Rosetti Marino: 0,00% S.M.R.E.: -7,80% Safe Bag: 2,15% SCM SIM: 0,99% Sit: 2,27% SITI B&T Group: 7,03% Softec: -1,92% Spactiv: 1,43% Spaxs: -0,49% Sprintitaly: -0,21% Telesia: -1,71% TPS: -2,21% Triboo: -4,72% Vei 1: 0,46% Vetrya: 2,84% Visibilia Editore: -8,33% WIIT: -5,30% WM Capital: 0,80% Zephyro: -0,53%