Cirsa ߧѧ֧ݧ֧ߧ ߧ ֧ߧܧ 2,5 ާݧ ѧާܧѧ IPO էէ֧اܧ Blackstone

Jillian Dingwall
֧֧ӧէڧ: Daria Lyakh

Cirsa Enterprises է֧ݧѧ֧ ѧӧܧ ߧ ӧѧߧӧݧ֧ߧڧ ߧէӧԧ ߧܧ ѧߧڧ, էӧڧԧѧ է֧ݧܧ, ܧѧ ާا֧ ѧ ѧާ ѧާҧڧڧ٧ߧ IPO ѧߧ ٧ ݧ֧էߧ֧ ӧ֧ާ. ԧݧѧߧ , ԧ ܧѧ٧ڧߧ, էէ֧اڧӧѧ֧ާѧ ܧߧ ѧߧ ڧߧӧ֧ڧڧߧߧ ߧէ Blackstone, ݧѧߧڧ֧ ڧӧݧ֧ 453 ާݧ ٧ ק էѧا ѧܧڧ, ֧ߧڧӧѧ֧ ܧާѧߧڧ 2,5 ާݧ.

ѧ֧ԧڧ֧ܧڧ ѧ ߧ اߧ ߧܧ

֧֧ߧڧ ӧէ ߧ ҧڧا ѧާҧڧڧ٧ߧ. ߧ IPO ѧߧڧ ѧק ӧݧ, էӧѧߧߧ ߧ֧ܧݧܧڧާ ԧާܧڧާ ߧ֧էѧѧާ. Puig Brands, ӧ٧ާاߧ, ӧ٧ԧݧѧӧڧݧ ܧߧ֧֧ۧ ѧ٧ާ֧֧ߧڧ ӧ 2024 ԧէ, ߧ ֧ ѧܧڧ ѧݧ ߧ 19% ߧڧا ֧ߧ ѧ٧ާ֧֧ߧڧ ڧ-٧ ѧ٧ѧӧӧѧڧ ڧߧѧߧӧ ֧٧ݧѧ. ԧڧ ܧާѧߧڧ, ѧܧڧ ܧѧ Europastry fashion-ڧ֧ۧݧ֧ Tendam, ݧߧ ܧѧ٧ѧݧڧ ӧڧ ݧѧߧ ݧڧڧߧԧ.

֧ ߧ ާ֧ߧ֧, ߧ֧ܧ ܧ֧ ڧѧ, ڧѧڧ ާ֧ߧ֧. ? է֧ݧѧ֧ ߧ ҧݧ֧ ڧӧݧ֧ܧѧ֧ݧߧ էݧ ާڧ֧ߧ 2025 ԧէ, ݧӧڧ, ߧ ާԧ է֧ާߧڧӧѧ ڧߧѧߧӧ էڧߧѧާڧܧ?, ާ֧ڧ ѧݧӧѧ ѧߧܧ, ܧӧէڧ֧ݧ ߧѧѧӧݧ֧ߧڧ ߧܧ ܧѧڧѧݧ اߧ ӧ BNP Paribas.

Cirsa, ا, ѧ٧է֧ݧ֧ ܧ ٧֧ߧڧ, ֧էݧѧԧѧ ѧܧڧ ڧܧڧӧѧߧߧ ֧ߧ 15 ٧ ܧ. ڧڧߧ ڧ ߧ ߧӧߧ ߧէӧ ҧڧا ѧߧڧ, ߧѧݧڧڧ ڧ ?٧֧ݧקߧԧ ҧڧߧܧ? ާا֧ ڧߧ֧ էݧߧڧ֧ݧߧ 68 ާݧ. ѧ ѧ ֧٧ݧѧ ާߧԧާ֧ߧ էԧӧܧ ٧ڧڧߧڧӧѧߧڧ ߧ ߧܧ, ѧاѧڧ ڧ٧ާ֧ߧ֧ߧڧ ߧߧ ߧѧ֧ߧڧ էڧߧѧާڧܧ ѧߧ ڧߧӧ֧ڧڧ.

٧էѧߧڧ ާ֧اէߧѧէߧ ڧާ֧ڧ ܧѧ٧ڧߧ

ߧӧѧߧߧѧ 1978 ԧէ ֧ѧ ѧߧݧ֧ ѧ ߧѧߧէ֧, Cirsa ֧ӧѧڧݧѧ , ѧҧѧ ߧ 11 ֧ԧݧڧ֧ާ ߧܧѧ. ާѧߧڧ ѧӧݧ֧ 447 ܧѧ٧ڧߧ ڧԧӧާ ٧ѧݧѧާ, ܧݧѧڧ ҧݧ֧ 83 000 ڧԧӧ ѧӧާѧ. ا֧ԧէߧ ߧ ڧߧڧާѧ֧ ӧ 50 ާݧ ֧ڧ֧ݧ֧ ѧߧѧ, ӧܧݧѧ ֧ܧڧܧ, -ڧܧ, ѧݧڧ ѧܧܧ.

Cirsa ߧѧѧݧ ܧѧߧڧ ѧڧߧܧ ާ֧ڧܧ ߧѧѧݧ 1990- ԧէ ֧ԧէߧ ѧҧѧ֧ ҧݧ֧ ֧ 70 ѧߧѧ. ާާ֧ߧ ߧѧ٧ߧѧ֧ߧڧ ߧߧڧ ֧ߧ ԧ֧ߧ֧ѧݧߧ էڧ֧ܧ ѧ֧ݧ 2022 ԧէ ܧާѧߧڧ ֧էڧݧѧ ߧ ѧڧ֧ߧڧ ֧ԧݧڧ֧ާ ڧէڧܧڧ, ڧ٧ҧ֧ԧѧ ߧܧ ڧէڧ֧ܧ ߧ֧֧է֧ݧקߧߧ.

֧ާ ߧ ѧݧ֧ӧ էߧ, Cirsa է֧ާߧڧ֧ . 2024 ԧէ EBITDA էڧԧݧ 699 ާݧ, ӧ֧ݧڧڧӧڧ ߧ 11% ѧӧߧ֧ߧڧ ֧էէڧ ԧէ, ӧܧ ӧݧ ߧ 8% է 2,15 ާݧ. ֧ӧ ܧӧѧѧݧ 2025 ԧէ ֧ߧէ֧ߧڧ ѧߧڧݧѧ: ӧܧ ӧ֧ݧڧڧݧѧ ߧ 12,5%, EBITDA ӧݧ ߧ 9%.

ߧݧѧۧ-֧ԧާ֧ߧ ܧ֧ݧ֧ էӧ֧ڧ ڧߧӧ֧

ҧ ӧߧڧާѧߧڧ ڧߧӧ֧ ڧӧݧ֧ܧѧ֧ . ֧ӧ ܧӧѧѧݧ 2025 ԧէ ӧܧ ߧݧѧۧ-ڧԧ ӧݧ ߧ 54,8%, էڧԧߧ 145 ާݧ, ѧӧݧ֧ ֧ӧ֧ ҧ֧ ӧܧ ܧާѧߧڧ ѧӧߧ֧ߧڧ 16,5% ԧէ ѧߧ֧.

ѧߧܧڧ ڧԧߧ ֧ܧ ֧ݧ ѧܧا է֧ާߧڧ֧ ӧ֧֧ߧߧ . ܧ ߧݧѧۧ-ԧ֧ާҧݧڧߧԧ 2024 ԧէ ӧ֧ݧڧڧݧѧ ߧ 17,6%, էڧԧߧ 1,45 ާݧ, էѧߧߧ ֧ԧݧ ٧ ֧ڧ ܧӧѧѧ ܧѧ٧ѧݧ ӧѧݧӧ ڧԧӧ է ѧ٧ާ֧ 366,3 ާݧ, ߧ 14,4% ҧݧ, ֧ ԧէ ѧߧ֧. ѧ٧ڧߧ ѧӧڧݧ ҧݧ֧ ݧӧڧߧ ԧ ҧקާ.

IPO ӧاէѧ֧ ԧ ڧߧӧ֧ڧڧߧߧ ҧѧߧܧ, ӧܧݧѧ BBVA, Jefferies, Mediobanca, Socit Gnrale UBS. ҧէ֧ ֧ӧ ܧߧ ѧ٧ާ֧֧ߧڧ ѧߧڧ ֧ӧѧݧ 2025 ԧէ, ?Ӧ HBX Group ڧӧݧ֧ܧݧ 725 ާݧ. ֧ ԧ ݧڧڧߧԧ ӧ٧էڧ ڧާڧ٧ ߧ ߧܧ, ֧ԧ էݧԧߧ ֧٧ݧѧ, ӧ֧ߧ, ӧݧڧ ߧ ӧڧڧ ڧߧӧ֧ѧާ է֧ҧ Cirsa.

ѧާާڧ SiGMA ӧ-֧էڧ٧֧ާߧާ ܧݧ֧ӧ ާ֧ڧڧ ڧԧӧ ڧߧէڧ, ܧ ۧէ֧ ߧ ѧݧ 1 3 ֧ߧҧ 2025 ԧէ, ҧ֧֧ ҧݧ֧ 1000 ѧߧڧܧ, 550 ӧ֧էڧ ܧ֧ ѧݧ ? 20 000 ֧ڧߧѧݧ ӧ֧ԧ ާڧ ߧ էߧ ݧѧէܧ!