Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
EuroGroup Laminations S.p.A. is a leading Italian company specialized in the design, manufacture, and marketing of stators and rotors for electric motors and generators. It serves key sectors including electric vehicles and automobiles, which account for over half of its revenue through components for traction systems and non-drive applications, and industrial applications in home automation, HVAC, wind energy, logistics, and pumps. The company assembles these components and produces molds for magnetic sheets, emphasizing innovation, R&D, co-development, and advanced technologies like glued laminations and simulation software. With a global footprint, it operates 14 production sites across Italy, China, Mexico, Tunisia, and the United States, plus recent expansions via acquisitions in India and industrial automation. Founded in 1967 as Eurotranciatura S.p.A. in Baranzate, Milan, it has evolved into a market leader in energy transition, boasting a strong order book in e-mobility and positioning as the top global buyer of electrical steel by volume. EuroGroup Laminations S.p.A. plays a pivotal role in enhancing motor efficiency worldwide, supporting sustainable electrification across automotive and industrial markets.
Operating margin is thin at 2.69%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 4.1% YoY. Margins deteriorated 4.5pp alongside, both lines moving the wrong way.
ROIC dropped from 5.86% to 2.00%, capital efficiency is deteriorating. Operating margin contracted 4.5pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
€841M
▼ -4.1% YoY
Net Income (TTM)
-€139K
▼ -100.4% YoY
Op. Margin
2.69%
▼ -4.5pp YoY
ROIC
2.00%
▼ -3.9pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€59M
▲ +329.1% YoY
Op. Cash Flow (TTM)
€119M
▲ +255.5% YoY
Net Debt
€193M
Cash & Equiv.
€228M
3Y CAGR: -0.6%
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