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IDEAL HOLDINGS
Significant increase in financial results through organic growth and acquisitions
For the first quarter of 2024, IDEAL Holdings reported a 150% increase in revenues to €109.5 million, fueled by the acquisition of Attica Department Stores and rising IT revenues.
Between €110 and 115 million selling Astir Vitogiannis
According to an announcement by Ideal Holdings, Italian Guala Closures paid between €110 million and €115 million for the acquisition of Astir Vitogiannis.
Agrees to transfer Astir Vitogiannis to Guala Closures
IDEAL Holdings signed an agreement to sell 100% of Astir Vitogiannis (“Astir”) to Guala Closures
Denies rumors of a deal with Motodynamics
Denies the press articles and declares that has never entered into any discussions with the specific company
How will the raised bonds be allocated
The offering price of the Bonds is at par, namely at €1,000 per Bond. The final yield of the Bonds was set at 5.50% and the Bonds’ interest rate at 5.50% per annum.
The bond was oversubscribed, raising €100 million - The yield was set at the lower limit of 5.5%
The final yield of the bonds was set at 5.50%, with an annual interest rate of 5.50%. It is worth noting that the company had initially indicated a yield range between 5.5% and 5.9%
Yield range between 5.5% and 5.9% for the bond
Τhe yield range for the €100 million bond issued by Ideal Holdings will be between 5.5% and 5.9%.
Credit Rating AA by ICAP CRIF
IDEAL Holdings announces that the Credit Rating Agency ICAP CRIF S.A. has carried out an assessment of the Company's credit worthiness and has assigned an AA credit rating
Issuance of a 5-year bond up to €100 million through a public offering
The Company will update investors, in accordance with applicable legislation, on any material development relating to the issuance of the Bond Loan by further announcements.
Revenue growth +111% and EBITDA +106% for the 9M
IDEAL Holdings announces its proforma results for the 9M 2023 with revenue growth +111% and EBITDA +106%