{
 "as_of": "2026-11-06",
 "cmr": "it-cm-kg/MTAA/IT0005595423",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# SYS-DAT (Euronext Milan: IT0005595423) — research page\n\nAs of 2026-11-06 · it-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is SYS-DAT, listed on Euronext Milan, with ticker IT0005595423, ISIN IT0005595423 and LEI 81560077224E78407E81. Its security type, segment, sector and jurisdiction are not on the record. Its listing status is listed, not halted.\n\n## The disclosure read\n\nThe record holds 135 filings in the window 2025-11-06 to 2026-11-06, on 61 filing days. The median gap between filing days is 7.0 days. The latest filing is dated 2026-11-02, 4 days before the record date of 2026-11-06, and is of type 2.4 (acquisition or disposal of the issuer's own shares). For Euronext Milan the record holds 195 issuers, a median of 47 filings, a median cadence gap of 7.0 days and a median latency of 4.0 days. The sector peer figures for market IT are not on the record.\n\n## Auditor\n\nThe auditor of record is not on the record, and neither is its location. Auditor changes are not on the record, because the market's register has no lifecycle type map yet.\n\n## Events and halts\n\nListing, delisting, name change, domicile change and segment move are not on the record, because the market's register has no lifecycle type map yet. The halt flag is not set: the issuer is listed, not halted.\n\n## Orderability\n\nThe outcome is not determinable. The chapter's orderability section carries no client categories, so the outcome cannot name its client category. The rule version is acm-68000/it/mifid-ii-product-governance/r1, and the chapter is as of 2026-11-04.\n\n## Coverage\n\nFour research houses are named on the issuer's investor-relations page: Intermonte, Intesa Sanpaolo, Kepler Cheuvreux and Stifel.\n\n## Open research\n\nTwo openly published research notes are on the record, both by Intermonte: one dated 2026-05-19 and one dated 2024-11-19.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe market's vintage is not sealed. No issuer years are sealed, the market's earliest sealed date is not on the record, and the live record's start date is not on the record.\n\n## Sources\n\n9 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://firds.esma.europa.eu/firds/ (identity.exchange)\n- https://mapping.gleif.org/api/v2/isin-lei/latest/download (identity.lei)\n- https://mcp.it-cm-kg.ai/events/MTAA/IT0005595423 (the disclosure lines)\n- https://live.euronext.com/en/ajax/haltedInstrument/getAjax/current (page: https://live.euronext.com/en/resources/market-events/suspended/current) (the halt flag)\n- https://it.eu-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://www.sys-datgroup.com/en/corporate/investors/analyst-coverage/ (coverage)\n- https://www.websim.it/static/upload/sys/sys-dat-19-05-26.pdf (open research)\n- https://www.websim.it/static/upload/sys/sys-dat-19-11-24.pdf (open research)\n- https://mcp.it-cm-kg.ai/record/MTAA/IT0005595423 (the record)\n",
 "market": "IT",
 "node": "it-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [],
   "live_record_began": null,
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "the IT vintage is not sealed; the record is the live record as of 2026-11-06",
   "record_version": 1,
   "sealed": false
  },
  "auditor": {
   "auditor": {
    "market": "IT",
    "state": "not_on_record"
   },
   "auditor_firm_id": {
    "market": "IT",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "IT",
    "state": "not_on_record"
   },
   "changes": {
    "market": "IT",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "cmr": "it-cm-kg/MTAA/IT0005595423",
  "coverage": {
   "count": 4,
   "houses": [
    {
     "analyst": "Pietro Nargi, Andrea Randone",
     "house": "Intermonte",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "since": "24/09/2024",
     "source": "https://www.sys-datgroup.com/en/corporate/investors/analyst-coverage/",
     "state": "sourced"
    },
    {
     "analyst": "Gabriele Berti",
     "house": "Intesa Sanpaolo",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "since": "19/05/2026",
     "source": "https://www.sys-datgroup.com/en/corporate/investors/analyst-coverage/",
     "state": "sourced"
    },
    {
     "analyst": "Tommaso Nieddu",
     "house": "Kepler Cheuvreux",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.sys-datgroup.com/en/corporate/investors/analyst-coverage/",
     "state": "sourced"
    },
    {
     "analyst": "Diego Esteban",
     "house": "Stifel",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.sys-datgroup.com/en/corporate/investors/analyst-coverage/",
     "state": "sourced"
    }
   ],
   "pages_checked": [
    {
     "page": "https://www.sys-datgroup.com/en/corporate/investors/analyst-coverage/",
     "result": "read: 4 of 6 named houses found on the page"
    }
   ],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-12",
   "since": "stated per house where the page states it",
   "state": "found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 195,
     "median_cadence_gap_days": 7,
     "median_filings": 47,
     "median_latency_days": 4,
     "name": "Euronext Milan"
    },
    "sector": {
     "market": "IT",
     "state": "not_on_record"
    }
   },
   "by_type": {
    "1.1 | Informazioni periodiche previste dalla regolamentazione | tutte le informazioni comunicate ai sensi dell'articolo 4 della direttiva 2004/109/CE | Relazioni finanziarie annuali e relazioni di revisione annuali": 2,
    "1.2 | Informazioni periodiche previste dalla regolamentazione | tutte le informazioni comunicate ai sensi dell'articolo 5 della direttiva 2004/109/CE | Relazioni finanziarie semestrali e relazioni di revisione semestrali/revisioni limitate": 2,
    "2.2 | Informazioni previste dalla regolamentazione fornite su base continuativa | tutte le informazioni comunicate ai sensi dell'articolo 6 della direttiva 2003/6/CE | Informazioni privilegiate": 2,
    "2.4 | Informazioni previste dalla regolamentazione fornite su base continuativa | tutte le informazioni comunicate ai sensi dell'articolo 14 della direttiva 2004/109/CE | Acquisizione o cessione di azioni proprie dell'emittente": 98,
    "3.1 | Ulteriori informazioni previste dalla regolamentazione che le disposizioni legislative di uno Stato membro impongono di comunicare | tutte le informazioni che non rientrano nelle sottoclassi di cui ai punti 1.1, 1.2 e 1.3 e ai punti da 2.1 a 2.6, ma che l'emittente, o qualsiasi altra persona che abbia chiesto l'ammissione di valori mobiliari alla negoziazione in un mercato regolamentato senza il consenso dell'emittente, ha comunicato in ottemperanza a un obbligo previsto dalle disposizioni legislative, regolamentari o amministrative di uno Stato membro adottate ai sensi dell'articolo 3, paragrafo 1, della direttiva 2004/109/CE | Ulteriori informazioni previste dalla regolamentazione che le disposizioni legislative di uno Stato membro impongono di comunicare": 21,
    "REGEM | Informazioni previste dall'art. 65,ter, comma 1-bis del Regolamento Consob n.11971/1999 | Tutte le informazioni che non rientrano nelle precedenti sottoclassi e che sono comunque da diffondere e stoccare con le modalità previste per le informazioni regolamentate | A titolo esemplificativo: le informazioni periodiche aggiuntive di cui all'art. 82-ter del Regolamento Consob 11971/1999, le informazioni da pubblicare ai sensi dei regolamenti delle società di gestione dei mercati con le modalità previste per le informazioni regolamentate": 10
   },
   "cadence_median_gap_days": 7,
   "filing_days": 61,
   "filings": 135,
   "latency_days": 4,
   "latest": [
    {
     "category": "2.4 | Informazioni previste dalla regolamentazione fornite su base continuativa | tutte le informazioni comunicate ai sensi dell'articolo 14 della direttiva 2004/109/CE | Acquisizione o cessione di azioni proprie dell'emittente",
     "date": "2026-11-02",
     "source": "https://www.emarketstorage.it/sites/default/files/comunicati/2026-11/20261102_191228.pdf",
     "title": "SYS-DAT - Communication of purchase of treasury shares",
     "type": "2.4 | Informazioni previste dalla regolamentazione fornite su base continuativa | tutte le informazioni comunicate ai sensi dell'articolo 14 della direttiva 2004/109/CE | Acquisizione o cessione di azioni proprie dell'emittente"
    },
    {
     "category": "2.4 | Informazioni previste dalla regolamentazione fornite su base continuativa | tutte le informazioni comunicate ai sensi dell'articolo 14 della direttiva 2004/109/CE | Acquisizione o cessione di azioni proprie dell'emittente",
     "date": "2026-11-02",
     "source": "https://www.emarketstorage.it/sites/default/files/comunicati/2026-11/20261102_191227.pdf",
     "title": "SYS-DAT - Comunicazione acquisto di azioni proprie",
     "type": "2.4 | Informazioni previste dalla regolamentazione fornite su base continuativa | tutte le informazioni comunicate ai sensi dell'articolo 14 della direttiva 2004/109/CE | Acquisizione o cessione di azioni proprie dell'emittente"
    },
    {
     "category": "2.4 | Informazioni previste dalla regolamentazione fornite su base continuativa | tutte le informazioni comunicate ai sensi dell'articolo 14 della direttiva 2004/109/CE | Acquisizione o cessione di azioni proprie dell'emittente",
     "date": "2026-10-26",
     "source": "https://www.emarketstorage.it/sites/default/files/comunicati/2026-10/20261026_190992.pdf",
     "title": "SYS-DAT - Communication of purchase of treasury shares",
     "type": "2.4 | Informazioni previste dalla regolamentazione fornite su base continuativa | tutte le informazioni comunicate ai sensi dell'articolo 14 della direttiva 2004/109/CE | Acquisizione o cessione di azioni proprie dell'emittente"
    },
    {
     "category": "2.4 | Informazioni previste dalla regolamentazione fornite su base continuativa | tutte le informazioni comunicate ai sensi dell'articolo 14 della direttiva 2004/109/CE | Acquisizione o cessione di azioni proprie dell'emittente",
     "date": "2026-10-26",
     "source": "https://www.emarketstorage.it/sites/default/files/comunicati/2026-10/20261026_190991.pdf",
     "title": "SYS-DAT - Comunicazione acquisto di azioni proprie",
     "type": "2.4 | Informazioni previste dalla regolamentazione fornite su base continuativa | tutte le informazioni comunicate ai sensi dell'articolo 14 della direttiva 2004/109/CE | Acquisizione o cessione di azioni proprie dell'emittente"
    },
    {
     "category": "2.4 | Informazioni previste dalla regolamentazione fornite su base continuativa | tutte le informazioni comunicate ai sensi dell'articolo 14 della direttiva 2004/109/CE | Acquisizione o cessione di azioni proprie dell'emittente",
     "date": "2026-10-19",
     "source": "https://www.emarketstorage.it/sites/default/files/comunicati/2026-10/20261019_190761.pdf",
     "title": "SYS-DAT - Comunicazione acquisto di azioni proprie",
     "type": "2.4 | Informazioni previste dalla regolamentazione fornite su base continuativa | tutte le informazioni comunicate ai sensi dell'articolo 14 della direttiva 2004/109/CE | Acquisizione o cessione di azioni proprie dell'emittente"
    }
   ],
   "latest_filing_date": "2026-11-02",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.it-cm-kg.ai/events/MTAA/IT0005595423",
   "window": {
    "from": "2025-11-06",
    "to": "2026-11-06"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "allooloo-cm-kg/eu-sources/it roster.py",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://firds.esma.europa.eu/firds/ (ESMA FIRDS FULINS_E 2026-11-07: FULINS_E_20261107_01of02.zip, FULINS_E_20261107_02of02.zip)",
    "state": "sourced",
    "value": "Euronext Milan"
   },
   "isin": {
    "read_by": "allooloo-cm-kg/eu-sources/it roster.py",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://firds.esma.europa.eu/firds/ (ESMA FIRDS FULINS_E 2026-11-07: FULINS_E_20261107_01of02.zip, FULINS_E_20261107_02of02.zip)",
    "state": "sourced",
    "value": "IT0005595423"
   },
   "jurisdiction": {
    "market": "IT",
    "state": "not_on_record"
   },
   "lei": {
    "read_by": "GLEIF ISIN-to-LEI mapping file (daily), LEI by exact ISIN",
    "read_date": "2026-11-09",
    "read_date_basis": "the field",
    "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download (ISIN IT0005595423)",
    "state": "sourced",
    "value": "81560077224E78407E81"
   },
   "name": {
    "read_by": "allooloo-cm-kg/eu-sources/it roster.py",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://firds.esma.europa.eu/firds/ (ESMA FIRDS FULINS_E 2026-11-07: FULINS_E_20261107_01of02.zip, FULINS_E_20261107_02of02.zip)",
    "state": "sourced",
    "value": "SYS-DAT"
   },
   "sector": {
    "market": "IT",
    "state": "not_on_record"
   },
   "security_type": {
    "market": "IT",
    "state": "not_on_record"
   },
   "segment": {
    "market": "IT",
    "state": "not_on_record"
   },
   "ticker": {
    "read_by": "allooloo-cm-kg/eu-sources/it roster.py",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://firds.esma.europa.eu/firds/ (ESMA FIRDS FULINS_E 2026-11-07: FULINS_E_20261107_01of02.zip, FULINS_E_20261107_02of02.zip)",
    "state": "sourced",
    "value": "IT0005595423"
   },
   "website": {
    "market": "IT",
    "state": "not_on_record"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": {
    "market": "IT",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "domicile_change": {
    "market": "IT",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "listing": {
    "market": "IT",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "name_change": {
    "market": "IT",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "segment_move": {
    "market": "IT",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "market": "IT",
  "node": "it-cm-kg",
  "numbers_hash": "sha256:5c4142802f3412b02820da53aef0f51f0d855cfacf7a9d7c0c9c40da6ce68a1f",
  "open_research": {
   "read_date": "2026-11-12",
   "rows": [
    {
     "date": "2026-05-19",
     "kind": "independent",
     "publisher": "Intermonte",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.websim.it/static/upload/sys/sys-dat-19-05-26.pdf",
     "state": "sourced",
     "title": "Investor Day"
    },
    {
     "date": "2024-11-19",
     "kind": "independent",
     "publisher": "Intermonte",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.websim.it/static/upload/sys/sys-dat-19-11-24.pdf",
     "state": "sourced",
     "title": "Resilient Double-Digit Growth with M&A Driving Further Upside Potential"
    }
   ],
   "state": "found"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [],
   "determinable": false,
   "read": {
    "chapter": "https://it.eu-cm-kg.ai/book/aio.json",
    "door": "https://it.eu-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "reason": "the chapter's orderability section carries no client_categories: the outcome cannot name its client category",
   "rule_version": "acm-68000/it/mifid-ii-product-governance/r1",
   "section": "it.aio.v5"
  },
  "record": {
   "as_of": "2026-11-06",
   "url": "https://mcp.it-cm-kg.ai/record/MTAA/IT0005595423",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-09",
   "source": "https://live.euronext.com/en/ajax/haltedInstrument/getAjax/current (page: https://live.euronext.com/en/resources/market-events/suspended/current)",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:5c4142802f3412b02820da53aef0f51f0d855cfacf7a9d7c0c9c40da6ce68a1f",
 "path": "/it/MTAA/IT0005595423",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is SYS-DAT, listed on Euronext Milan, with ticker IT0005595423, ISIN IT0005595423 and LEI 81560077224E78407E81. Its security type, segment, sector and jurisdiction are not on the record. Its listing status is listed, not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 135 filings in the window 2025-11-06 to 2026-11-06, on 61 filing days. The median gap between filing days is 7.0 days. The latest filing is dated 2026-11-02, 4 days before the record date of 2026-11-06, and is of type 2.4 (acquisition or disposal of the issuer's own shares). For Euronext Milan the record holds 195 issuers, a median of 47 filings, a median cadence gap of 7.0 days and a median latency of 4.0 days. The sector peer figures for market IT are not on the record.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor of record is not on the record, and neither is its location. Auditor changes are not on the record, because the market's register has no lifecycle type map yet.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "Listing, delisting, name change, domicile change and segment move are not on the record, because the market's register has no lifecycle type map yet. The halt flag is not set: the issuer is listed, not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "The outcome is not determinable. The chapter's orderability section carries no client categories, so the outcome cannot name its client category. The rule version is acm-68000/it/mifid-ii-product-governance/r1, and the chapter is as of 2026-11-04.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "Four research houses are named on the issuer's investor-relations page: Intermonte, Intesa Sanpaolo, Kepler Cheuvreux and Stifel.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "Two openly published research notes are on the record, both by Intermonte: one dated 2026-05-19 and one dated 2024-11-19.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The market's vintage is not sealed. No issuer years are sealed, the market's earliest sealed date is not on the record, and the live record's start date is not on the record.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "9 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://firds.esma.europa.eu/firds/"
  },
  {
   "for": "identity.lei",
   "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.it-cm-kg.ai/events/MTAA/IT0005595423"
  },
  {
   "for": "the halt flag",
   "source": "https://live.euronext.com/en/ajax/haltedInstrument/getAjax/current (page: https://live.euronext.com/en/resources/market-events/suspended/current)"
  },
  {
   "for": "the orderability chapter",
   "source": "https://it.eu-cm-kg.ai/book/aio.json"
  },
  {
   "for": "coverage",
   "source": "https://www.sys-datgroup.com/en/corporate/investors/analyst-coverage/"
  },
  {
   "for": "open research",
   "source": "https://www.websim.it/static/upload/sys/sys-dat-19-05-26.pdf"
  },
  {
   "for": "open research",
   "source": "https://www.websim.it/static/upload/sys/sys-dat-19-11-24.pdf"
  },
  {
   "for": "the record",
   "source": "https://mcp.it-cm-kg.ai/record/MTAA/IT0005595423"
  }
 ],
 "title": "SYS-DAT (IT0005595423) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}