Cyberoo S.p.A.
CYB · Euronext Growth Milan
Market Cap€65m
ListingEuronext Growth Milan
Fiscal Year End31 March
Coverage Initiated4 July 2026
- Initiation of Coverage · 4 July 2026 · 11 min read
Cyberoo: The Deadlines Are the Demand
A fiscal year stretched to fifteen months makes every headline growth rate incomparable, and the extra quarter added almost nothing: on the company's own like-for-like figures, the January–March 2026 stub contributed roughly €1.7m of cybersecurity revenue against a 2025 monthly average of about the same. Underneath, monthly EBITDA fell by roughly 30% while margin dropped eleven points. The genuine news is working capital — receivables from the largest shareholder fell from €11.5m to €2.6m — but €5.3m of that left by offset rather than cash, and an unconsolidated leasing subsidiary with a €15m facility now sits beside the group's receivables machinery. No rating.
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