The consolidated results include the results of the subsidiaries Astir, Coleus, BYTE, ADACOM and IDEAL Electronics and their subsidiaries, while for the period 2023 the results of Attica Department Stores have been also included and present the operating figures and therefore the impact of IFRS 16 is presented separately on EBITDA.
Revenues increased by +120% amounting to € 384.3 million.
• Earnings before Interest, Tax and Depreciation (EBITDA) increased by +101% to € 53.9 million.
• Increase in Earnings before Tax (EBT) by +76% to € 38.0 million.
• Increase in Earnings after Tax (EAT) by +73% to € 26.7 million.
• Profitability increased across all portfolio companies.
Consolidated results include expenses related to the investing activities of the parent company (IDEAL Holdings) which have not been allocated to subsidiaries.
Following the successful issuance of a 5-year Common Bond Loan of €100 million, bearing interest rate of 5.5%
as of 15.12.2023 with an oversubscription of the Public Offering by 1.89 times, consolidated net debt amounted
to €73,3 million as of 31.12.2023, while the Net Debt / EBITDA ratio stood at 1,4x. Taking into consideration
debit and credit card receivables of €16 million adjusted Net Debt will amount to € 57,3 million with a ratio of
1.1x.
