Business News
Borsa Italiana (Italian Stock Exchange) chooses Pixartprinting for ELITE programme
Friday 17. May 2013 - Pixartprinting has been chosen by the Borsa Italiana (Italian Stock Exchange) to become part of ELITE, an initiative founded last year and designed to drive unlisted SMEs to pursue a path of entrepreneurial growth that is aimed at capital market access.
After the official ceremony on April 16 in Piazza Affari, Matteo Rigamonti, President from Pixartprinting, states: “The companies that have been chosen for the ELITE project are selected directly by the Borsa Italiana (Italian Stock Exchange). We are very honoured to be part of this exclusive group of companies that have distinguished themselves as having these specific attributes, where the most important factor is strong growth orientation that has always been a mark of our company”.
ELITE is a unique platform of integrated services providing companies’ access to industry expertise, answers to financial and organisational issues in order to be able to meet the challenges of international markets. This mission perfectly blends in with Pixartprinting’s internationalisation strategy, the Italian web-to-print provider who, for years has been pursuing an expansion project across many borders, constantly expands its presence in European countries by employing e-commerce, business strategies and dedicated customer service.
ELITE’s philosophy is further explained by the words of Raffaele Jerusalmi, CEO of the Borsa Italiana (Italian Stock Exchange): “ELITE is a model for dialogue to support companies in the process of approaching the capital market. Our ambition is to offer them concrete tools for growth. Quotation is just one of the options provided. We are convinced that this path can help SMEs to make a dimensional shift, thus reaching levels of efficiency, transparency and managerial skills comparable to those of listed companies”. Listing possibility, including the ambitious targets set by Pixartprinting and, a development project that has been outlined for the company with the input of Alcedo who, since December 2011 has a share of 75% in the company, speak for themselves. Alcedo, a leading investment fund located in Italy’s capital and, renowned for capital growth, accompanies Pixartprinting’s development project management in the pursuit of consolidation of its leadership in Italy, expansion into new European markets, strengthening of production and personnel capacity. An ambitious and complex programme that provides for a substantial increase in revenue and eventual IPO within the next 3-4 years. “The path we have outlined together with Alcedo already shows results. The consolidated turnover from 2011 (32 million) rose in 2012 to 41.5 million and we expect a turnover of 55 million for the current year. We believe entering ELITE will give us an extra boost to achieve our targets”, says Rigamonti.