SMES - Small and medium-sized enterprises

This page contains the list of SMEs within the meaning of art. 1 w-quater.1) of the Consolidated Law on Finance.

The list includes only Italian companies (with registered offices in Italy) with (at least) ordinary shares admitted to trading on the MTA. Foreign companies and Italian companies with only savings shares listed are therefore excluded from the list.

Following the amendments introduced with Legislative Decree no. 76 of 16/7/2020 (so-called simplifications decree) and the consequent amendments to the Issuers' Regulations, the capitalisation parameter has become the only criterion for the qualification of SME issuers.

For the purposes of publication and updating of the list, the acquisition of SME status is the result of not exceeding the threshold relating to capitalisation (of EUR 500 million) in at least one of the years of the previous three-year period (2019-2020-2021).

For the loss of this status, the capitalisation requirement must be exceeded for three consecutive years.

By virtue of the transitional regime, companies that as at 15 September 2020 had this status based on the criterion of not exceeding the turnover threshold of 300 million euros are included in the SME list.

In accordance with the provisions of Article 2-ter of Consob's Issuers' Regulations, containing "Provisions implementing the definition of SMEs", the capitalisation conditions (pursuant art. 1 w-quater.1) of the Consolidated Law on Finance) were verified by calculating the simple average of daily capitalisations (official price multiplied by the number of shares) for all issuers of ordinary shares listed on the EURONEXT MILAN regulated market managed by Borsa Italiana.

The calculation was made for each of the three consecutive calendar years 2019-2020-2021.

Companies that are SMEs for turnover only under and for the purposes of the transitional regime have been highlighted in the list with an asterisk.

Listed shares issuers "SMEs" (updated as January 2022)

No. Name SME
1 ABITARE IN SPA
2 ACSM-AGAM SPA
3 AEDES SIIQ SPA
4 AEFFE SPA
5 AEROPORTO GUGLIELMO MARCONI DI BOLOGNA SPA
6 ALERION CLEAN POWER SPA
7 ALGOWATT SPA
8 ALKEMY SPA
9 AMBIENTHESIS SPA
10 AQUAFIL SPA
11 ARNOLDO MONDADORI EDITORE SPA
12 AS ROMA SPA
13 AUTOSTRADE MERIDIONALI SPA
14 AVIO SPA
15 B&C SPEAKERS SPA
16 BANCA CARIGE SPA - CASSA DI RISPARMIO DI GENOVA E IMPERIA
17 BANCA FINNAT EURAMERICA SPA
18 BANCA INTERMOBILIARE DI INVESTIMENTI E GESTIONI SPA
19 BANCA PROFILO S.P.A.
20 BANCA SISTEMA SPA
21 BANCO DI DESIO E DELLA BRIANZA SPA
22 BASIC NET SPA
23 BASTOGI SPA
24 BE SHAPING THE FUTURE SPA
25 BEGHELLI SPA
26 BF SPA
27 BFF BANK SPA (già BANCA FARMAFACTORING SPA) [*]
28 BIALETTI INDUSTRIE SPA
29 BIANCAMANO SPA
30 BIESSE SPA
31 BIOERA SPA
32 BORGOSESIA SPA
33 BRIOSCHI SVILUPPO IMMOBILIARE SPA
34 CAIRO COMMUNICATION SPA
35 CALEFFI SPA
36 CALTAGIRONE EDITORE SPA
37 CALTAGIRONE SPA
38 CAREL INDUSTRIES SPA [*]
39 CELLULARLINE SPA
40 CEMBRE SPA
41 CENTRALE DEL LATTE D'ITALIA S.P.A.
42 CHL - CENTRO HL DISTRIBUZIONE SPA
43 CIR SPA - COMPAGNIE INDUSTRIALI RIUNITE
44 CLASS EDITORI SPA
45 COIMA RES SPA SIIQ
46 COMPAGNIA IMMOBILIARE AZIONARIA - CIA SPA
47 CONAFI SPA
48 CSP INTERNATIONAL FASHION GROUP SPA
49 DEA CAPITAL SPA
50 DIGITAL BROS SPA
51 DOVALUE SPA [*]
52 EEMS ITALIA SPA
53 EL.EN. SPA
54 ELICA SPA
55 EMAK SPA
56 ENERVIT SPA
57 EPRICE SPA
58 EQUITA GROUP SPA
59 ESPRINET SPA
60 EUKEDOS SPA
61 EUROTECH SPA
62 EXPRIVIA SPA
63 F.I.L.A. FABBRICA ITALIANA LAPIS ED AFFINI SPA
64 FIDIA SPA
65 FIERA MILANO SPA
66 FINE FOODS & PHARMACEUTICALS N.T.M. SPA
67 FNM SPA
68 FULLSIX SPA
69 GABETTI PROPERTY SOLUTIONS SPA
70 GAROFALO HEALTH CARE SPA
71 GAS PLUS SPA
72 GEFRAN SPA
73 GEOX SPA
74 GEQUITY SPA
75 GIGLIO GROUP SPA
76 GPI SPA
77 GRUPPO MUTUIONLINE SPA [*]
78 GVS SPA [*]
79 I GRANDI VIAGGI SPA
80 IGD - IMMOBILIARE GRANDE DISTRIBUZIONE SIIQ SPA [*]
81 IL SOLE 24 ORE SPA
82 ILLIMITY BANK SPA [*]
83 IMMSI SPA
84 INDEL B SPA
85 INTEK GROUP SPA
86 IRCE SPA - INDUSTRIA ROMAGNOLA CONDUTTORI ELETTRICI
87 ITALIAN EXHIBITION GROUP SPA
88 ITWAY SPA
89 LA DORIA SPA
90 LANDI RENZO SPA
91 LU-VE SPA
92 LVENTURE GROUP SPA
93 MITTEL SPA
94 MONDO TV SPA
95 MONRIF SPA
96 NEODECORTECH SPA
97 NETWEEK SPA
98 NEWLAT FOOD SPA
99 NOVA RE SIIQ SPA
100 OLIDATA SPA
101 OPENJOBMETIS SPA
102 ORSERO SPA
103 OVS SPA
104 PHARMANUTRA SPA
105 PHILOGEN SPA
106 PIERREL SPA
107 PININFARINA SPA
108 PIOVAN SPA
109 PIQUADRO SPA
110 PITECO S.P.A.
111 PLC SPA
112 PRIMA INDUSTRIE SPA
113 RAI WAY SPA [*]
114 RATTI SPA
115 RCS MEDIAGROUP SPA
116 RESTART SIIQ SPA
117 RISANAMENTO SPA
118 ROSSS SPA
119 SABAF SPA
120 SAES GETTERS SPA
121 SAFILO GROUP SPA
122 SALCEF GROUP SPA
123 SERI INDUSTRIAL SPA
124 SERVIZI ITALIA SPA
125 SIT SPA
126 SOCIETA' SPORTIVA LAZIO SPA
127 SOFTLAB SPA
128 SOGEFI SPA
129 SOMEC SPA
130 TAMBURI INVESTMENT PARTNERS SPA [*]
131 TAS TECNOLOGIA AVANZATA DEI SISTEMI SPA
132 TESMEC SPA
133 THE ITALIAN SEA GROUP SPA
134 TISCALI SPA
135 TITANMET SPA
136 TOSCANA AEROPORTI SPA
137 TREVI - FINANZIARIA INDUSTRIALE SPA
138 TRIBOO SPA
139 TXT E-SOLUTIONS SPA
140 UNIEURO SPA
141 VALSOIA SPA
142 VIANINI SOCIETA' PER AZIONI
143 VINCENZO ZUCCHI - SOCIETA' PER AZIONI
144 WIIT SPA
145 ZIGNAGO VETRO SPA [*]

[*] Companies that are SMEs for turnover only pursuant to and for the effects of the transitional regime referred to in paragraph 2 of art. 44-bis of the D.L. n. 76 of 16.7.2020, coordinated with the Conversion Law n. 120 of 11.9.2020.