50 million capital increase for Dexelance

Only a week has passed since the end of the Salone del Mobile, which closed on 26 April in Milan with a record-breaking edition, and here comes a further sign of the liveliness of furniture-design and the companies that are investing in it, in a virtuous circle that seems stronger than the many worries about the geopolitical scenario (even in the weeks preceding the design week - made up of the Salone and Fuorisalone - there had been fears of a drop in attendance, which in fact there was no drop, quite the contrary).

the board of directors of Dexelance, a diversified industrial group and one of Italy's leading players in the design, lighting and high-end furnishing sectors, has resolved a share capital increase, against payment and divisible, according to a note, for a maximum total amount, including any share premium, of EUR 50 million. The increase is already covered by irrevocable commitments for about EUR 27.5 million and supported by further commitments, availability and intentions for a further EUR 8.9 million, as detailed below. The company has received irrevocable underwriting commitments from, first and foremost, the shareholder Investindesign and its parent company Tamburi Investment Partners (each to the extent of its own competence) and the shareholder Fourleaf (a company controlled by the director Michele Gervasoni), owners of a total of 36.64% of the share capital, for the full subscription of the new shares deriving from the option rights to which they are entitled under the increase.

The board of directors of Dexelance also approved the figures for the first quarter of 2026, with revenue of EUR 84.4m, up 17.1% compared to the first quarter of 2025, mainly due to Mohd joining the consolidation scope as of end-September 2025. Mohd, which led to the creation of the new Omnichannel-go-to-market strategic area, started the year with growth of around 10%. Organic revenues were down by 10.6%1, mainly due to the downturn in the Luxury Contract segment, which contracted by about 15% due to the reverse seasonality of previous years and which, based on the project portfolio confirmed to date, is expected to be more concentrated in the second half of the year. In the residential segment, the note on the quarterly report states, the Kitchen&Systems segment recorded substantial stability, while the Furniture and Lighting segments (down by about 15% and 9% respectively) were affected by the different time distribution of projects, caused mainly by the growing climate of uncertainty that continues to extend the average time required to close the order acquisition cycle.

Dexekance has 13 companies and 16 brands in its portfolio: Gervasoni, Meridiani, Saba Italia, Davide Groppi, Axolight, Flexalighting, Gamma Arredamenti, Cubo Design (with Binova and Miton Cucine), Turri, Cenacchi, Modar, Roda and Mohd, the most recent acquisition. The year 2025 had closed with an increase in turnover of around 15% (thanks mainly to the consolidation of Mohd), which is now expected to reach EUR 370 million, up 15%.

Giovanni Tamburi, founder, chairman and CEO of Tamburi Investment Partners, will attend the next edition of the Trento Festival of Economics, where he had also been in 2025. The appointment is for the second day of the event organised by Trentino and Gruppo 24 Ore, 21 May, and the title of the meeting is "Stock market investments: algorithms retire traditional analysis of fundamentals".