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.
KME Group S.p.A. is an Italy-based holding company primarily engaged in the production and sale of copper and copper alloy semifinished products across Europe. Founded in 1886 and headquartered in Milan, the company manufactures a range of items including rolled copper, tubes, bars, and cables, positioning it as one of the world's largest copper producers with operations in Italy, Germany, France, and the Netherlands. Employing around 3,400 people, KME Group S.p.A. generated sales of approximately €1.9 billion in 2023, with significant revenue from Europe, followed by Italy, America, Asia, and other regions. Beyond its core copper activities in the materials sector, it diversifies into renewable energy through subsidiaries like Societa Agricola Agrienergia Srl, private equity via I2 Capital Partners, and other services including real estate and receivables management. Formerly known as Intek Group S.p.A., it rebranded in 2022, underscoring its strategic focus on metals processing and investment opportunities in specialty mining.
The business is unprofitable at the operating level (-5.91% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 25.2%, still solid. Margins contracted 3.2pp, which offsets some of the top-line progress.
Free cash flow declined 109% versus the prior year, cash generation momentum has weakened. ROIC dropped from -3.90% to -10.70%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
€1.93B
▲ +25.2% YoY
Net Income (TTM)
-€115M
▼ -61.7% YoY
Op. Margin
-5.91%
▼ -3.2pp YoY
ROIC
-10.70%
▼ -6.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-€9M
▼ -109.3% YoY
Op. Cash Flow (TTM)
€17M
▼ -87.0% YoY
Net Debt
€534M
Cash & Equiv.
€105M
3Y CAGR: +9.6%
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