Preatoni: first listing on Euronext Paris this Wednesday

(CercleFinance.com) - Hotel and real estate group Preatoni announced on Monday that it plans to float on Euronext Access+ Paris by way of technical admission, with a first listing of shares scheduled for Wednesday.


Founded in the 1990s by Italian businessman Ernesto Preatoni, the SME specializes in the ownership and operation of resorts in Egypt and Italy.

The company is also developing residential and commercial real estate projects in the Baltic States and Dubai.

In 2023, the last full financial year for which its accounts are available, sales amounted to 76.1 million euros, with operating profit (Ebitda) of 24.2 million euros.

Its two core businesses, hotel-tourism and property development, accounted for 69% and 31% of sales respectively.

In a press release, Preatoni explains that its listing on Euronext Paris is intended to give the Group greater visibility with investors and raise its profile.

In particular, the idea is to give it access to new sources of financing to support its growth strategy over the next few years, possibly by raising funds on the market.

With an admission price set at 41 euros per share, its valuation should be in the region of 361 million euros.

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