ILPRA SpA Executes Share Buyback Program

ILPRA SpA ( (IT:ILP) ) just unveiled an update.

ILPRA SpA announced the purchase of 2,400 of its own shares between January 7 and January 10, 2025, as part of an 18-month share buyback program initiated in May 2024. The shares were purchased at a weighted average price of 4.7550 euros each, totaling 11,412 euros, increasing the company’s total holdings to 192,600 shares or 1.6% of its share capital. This move is likely aimed at consolidating ownership and possibly enhancing shareholder value, reflecting the company’s strategic financial management.

More about ILPRA SpA

ILPRA SpA is a leading company in the packaging sector, producing and selling machinery for packaging food, cosmetic, and medical products. Founded in 1955, the company is known for its wide range of machines and advanced technological solutions, including heat sealers, fillers, and thermoformers. It has a strong focus on research and development, investing 5 million euros in the last three years. ILPRA has sold over 19,600 machines, employs 334 people, and operates in eight countries, with 65% of its turnover generated abroad.

YTD Price Performance: 2.22%

Average Trading Volume: 3,516

Technical Sentiment Consensus Rating: Hold

Current Market Cap: €55.25M

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