IDEAL Holdings: Value creation in the making

* 9M net income surged 83% y-o-y to €22m (13% beat), thanks to attica first-time €8.4m (38% of total) consolidation boost…

* … setting the stage for a twofold increase to €29.8m in FY23e, also aided by a sharp margin enhancement in the Industrial unit

* The mid-point of 3-stage DCF and 2024e EV/EBITDA target-multiples returns a fair value of €388m or €8.1/sh

IDEAL Holdings_9M23 results comment

IDEAL Holdings report(26Oct’23)

IDEAL Holdings Initiation