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.
Ops eCOM S.p.A. is an Italian company specializing in e-commerce platforms for high-end fashion, beauty, design, lifestyle, food, and healthcare sectors. Formerly known as Giglio Group S.p.A., it provides comprehensive B2B and B2C services, including tailor-made solutions for luxury fashion and other industries, with a strong emphasis on 'Made in Italy' brands. The company manages the full e-commerce lifecycle, from marketing and social media to customer service, logistics, and payments, while also supplying fashion, food, and jewelry to cruise ships, duty-free stores in ports, airports, and NATO bases. Operating primarily through B2B e-commerce, B2C e-commerce, and corporate segments, it generates the majority of its revenue from B2B activities. Headquartered in Milan, Italy, with a compact team of 23 employees, Ops eCOM S.p.A. plays a niche role in the consumer cyclical sector, particularly internet retail, facilitating global access to premium Italian products.
The business is unprofitable at the operating level (-21.64% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 33.3% YoY. Margins deteriorated 6.5pp alongside, both lines moving the wrong way.
Free cash flow declined 39% versus the prior year, cash generation momentum has weakened. ROIC dropped from -19.83% to -22.06%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
€14M
▼ -33.3% YoY
Net Income (TTM)
-€20M
▼ -415.6% YoY
Op. Margin
-21.64%
▼ -6.5pp YoY
ROIC
-22.06%
▼ -2.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€991K
▼ -39.1% YoY
Op. Cash Flow (TTM)
€991K
▼ -47.8% YoY
Net Debt
€9M
Cash & Equiv.
€136K
3Y CAGR: -28.3%
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