This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-22013321
The article has changed 3 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| Moleskine shares rise on trading debut | Moleskine shares rise on trading debut |
| (about 2 hours later) | |
| Shares in upmarket Italian notebook-maker Moleskine have risen on their trading debut in Milan. | Shares in upmarket Italian notebook-maker Moleskine have risen on their trading debut in Milan. |
| The firm's stock rose as much as 3% at one point, before easing back to stand 0.4% higher in mid-afternoon trading. | The firm's stock rose as much as 3% at one point, before easing back to stand 0.4% higher in mid-afternoon trading. |
| Moleskine priced its shares at 2.30 euros for the flotation, raising 488m euros ($627m; £414m). | Moleskine priced its shares at 2.30 euros for the flotation, raising 488m euros ($627m; £414m). |
| The firm, which also makes diaries and other stationery products, has sold shares in just over 50% of the business. | |
| The company - which was founded in 1997 - enjoys profit margins of as much as 43%. | The company - which was founded in 1997 - enjoys profit margins of as much as 43%. |
| "We are better than the average of luxury makers in terms of profitability," Moleskine chief executive Arrigo Berni told the Reuters news agency. | "We are better than the average of luxury makers in terms of profitability," Moleskine chief executive Arrigo Berni told the Reuters news agency. |
| Moleskine is controlled by pan-European private equity group Syntegra Capital, which prior to the float owned two-thirds of the business. | Moleskine is controlled by pan-European private equity group Syntegra Capital, which prior to the float owned two-thirds of the business. |