FILA Fabbrica Italiana Lapis ed Affini SpA
MIL:FILA
FILA Fabbrica Italiana Lapis ed Affini SpA
FILA - Fabbrica Italiana Lapis ed Affini SpA operates in the creativity tools market, producing colouring, design, modelling, writing and painting objects, such as pencils, crayons, modelling clay, chalk, oil colours, acrylics, watercolours, paints and paper for the fine arts, school and leisure. The company is headquartered in Pero, Milano and currently employs 8,070 full-time employees. The company went IPO on 2013-12-18. The firm as a Special Purpose Acquisition Vehicles (SPAC) is a shell enterprise, with no operations, to raise capital through an Initial Public Offering (IPO). The Company’s proceeds raised in the capital markets are used to acquire a target company or business in any form. The main shareholder of the Company is Space SpA, a unit of Space Holding Srl. The company operates through Gruppo Canson, Writefine Products Private Ltd, Renoir Topco Ltd, St Cuthberts Holding Ltd and operating unit St Cuthberts Mill Ltd.
FILA - Fabbrica Italiana Lapis ed Affini SpA operates in the creativity tools market, producing colouring, design, modelling, writing and painting objects, such as pencils, crayons, modelling clay, chalk, oil colours, acrylics, watercolours, paints and paper for the fine arts, school and leisure. The company is headquartered in Pero, Milano and currently employs 8,070 full-time employees. The company went IPO on 2013-12-18. The firm as a Special Purpose Acquisition Vehicles (SPAC) is a shell enterprise, with no operations, to raise capital through an Initial Public Offering (IPO). The Company’s proceeds raised in the capital markets are used to acquire a target company or business in any form. The main shareholder of the Company is Space SpA, a unit of Space Holding Srl. The company operates through Gruppo Canson, Writefine Products Private Ltd, Renoir Topco Ltd, St Cuthberts Holding Ltd and operating unit St Cuthberts Mill Ltd.
Challenging Year: F.I.L.A. faced a tough 2025 due to currency swings, unpredictable tariffs, and illegal imports affecting results, especially in the US and Mexico.
Resilient Margins: Despite lower sales, EBITDA margin held steady at 24% thanks to cost-saving measures and operational efficiencies.
Cash Flow Impact: Free cash flow to equity was negative EUR 32.3 million, mainly because of tariff-related costs and working capital impacts.
2026 Outlook: Management expects business normalization and positive recovery in Mexico and the US, with no price increases planned for 2026.
Europe & India: Europe performed better than expected with growth, and India saw strong results, up 25% in its first half.
DOMS Relationship: The partnership with DOMS is seen as strategic, and F.I.L.A. is open to strengthening ties, not selling its stake.
