IDEAL Holdings: Strong 2023 Results

* FY net profit surge of 73% y-o-y to €27m (broadly in line), spurred by Attica’s €12m first-time consolidation bonanza.

* Comparable (Industrial/IT) EBITDA ex-FX moves up 18% to €33m (small beat), on sharp margin expansion and cost savings.

* The mid-point of 3-stage DCF and 2024e EV/EBITDA target-multiples points to €388m appraised equity value or €8.1/sh

IDEAL Holdings_FY23 results comment

IDEAL Holdings_9M23 results comment

IDEAL Holdings report(26Oct’23)

IDEAL Holdings Initiation