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05. 23. 2024 | Investors' News, Financial Results, News

Financial Results Q1 2024

Financial Results Q1 2024 

Significant increase in financial results through organic growth and acquisitions 

Flash Note – Athens, May 23, 2024 – IDEAL Holdings (“Company”, RIC: IDEr.AT, Bloomberg: INTEK GA) announces its Key Financial Figures for Q1 2024: 

  • Revenues increased by +150% to € 109.5 million due to the increase in IT Revenue and the acquisition of Attica Department Stores. 
  • Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) increased by +118% to € 16.8 million compared to € 7.7 million in Q1 2023. 
  • Comparable Earnings Before Interest, Taxes, Depreciation, and Amortisation (Comparable EBITDA) increased by +63% to € 12.5 million compared to € 7.7 million in Q1 2023. 
  • Earnings after Tax (EAT) increased by +18% to € 4.8 million compared to € 4.1 million in Q1 2023. 
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