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.
Landi Renzo S.p.A. is an Italian company founded in 1954, specializing in the design, production, and sale of components and systems for alternative fuels in vehicles, primarily LPG and CNG technologies to promote ecological mobility. Headquartered in Cavriago, Reggio Emilia, it serves original equipment manufacturers (OEMs) and the aftermarket through retailers and independent importers, operating under brands like Lovato, AEB, and Emmegas. The company also engages in constructing CNG stations via its subsidiary Safe&CEC S.r.l., extending into oil & gas and biogas sectors. With a presence in over 50 countries and approximately 80% of sales from exports, Landi Renzo S.p.A. holds a leading position, capturing more than 30% of the global market for LPG and CNG automotive fuel systems. Its innovation is evidenced by over 91 patents, a robust quality management system certified to IATF 16949:2016, and a commitment to sustainability through advanced research and international expansion. Employing around 953 people, it plays a pivotal role in the automotive sector's shift toward cleaner transportation solutions worldwide.
The business is unprofitable at the operating level (-5.09% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 0.7% YoY. Margins deteriorated 3.3pp alongside, both lines moving the wrong way.
ROIC dropped from -2.09% to -5.64%, capital efficiency is deteriorating. Negative free cash flow of -€17M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
€281M
▼ -0.7% YoY
Net Income (TTM)
-€35M
▼ -155.4% YoY
Op. Margin
-9.12%
▼ -3.3pp YoY
ROIC
-5.64%
▼ -3.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-€27M
▼ -452.0% YoY
Op. Cash Flow (TTM)
-€4M
▼ -1635.7% YoY
Net Debt
€86M
Cash & Equiv.
€47M
3Y CAGR: +28.9%
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