Reply stock falls 2 percent as index removal adds pressure

Reply stock (ISIN IT0005282865) fell 2 percent to EUR 117.60 on Borsa Italiana on September 24, 2026, placing the shares 8.84 percent below their 52-week high of EUR 129.00. The move came after a recent index change and against a backdrop of solid first-half operating growth.

Index removal adds a market factor

MarketScreener reported on September 21, 2026, that Reply was removed from the FTSE All-World Index. The change can affect passive funds that track the benchmark, making index membership an additional trading variable alongside the companys operating figures.

The stock price of EUR 117.60 compares with a previous close of EUR 120.00, a decline of EUR 2.40 in the September 24 session. Its 52-week low is EUR 76.65, leaving the share price EUR 40.95 above that level.

Revenue growth reaches 7.4 percent

Reply reported consolidated first-half 2026 turnover of EUR 1,311.9 million, up 7.4 percent from EUR 1,210.1 million in the first half of 2025, according to Business Wire. EBITDA reached EUR 233.2 million, compared with EUR 223.7 million a year earlier, and represented 17.8 percent of turnover.

The comparison matters because EBITDA increased by EUR 9.5 million while turnover grew by EUR 101.8 million. That combination points to operating progress, but the September 24 price action shows that index flows can still outweigh improving half-year figures over a single session.

Reply schedules its next checkpoint

Replys investor calendar lists the half-year report for July 30, 2026, and the consolidated third-quarter 2026 results for November 12, 2026, according to the companys investor page. The November date is the next company-specific checkpoint after the half-year report, with revenue growth and margin development likely to remain central to the market assessment.

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