(BFM Stock Exchange) – Company specializing in hotels and the development of real estate projects, Preatoni Group has made its own stock market by direct admission to Euronext Access+.

A new company takes its first steps on the Paris Stock Exchange this Wednesday, February 12. This is the Preatoni Group company which has entered direct rating on the Euronext Access+ Paris market, one of the compartments of the Paris Stock Exchange requiring the least constraints for small and medium -sized businesses wishing to try the experience of the financial markets .

The opening of the negotiations has been effective since this Wednesday, the date on which its shares were admitted to the rating to a unit price of 41 euros. The market capitalization at the IPO exceeds 361 million euros.

Two pillars

Founded in the 90s, Preatoni Group is an international group which claims “an original investment model”, based on both the detention and the exploitation of tourist establishments in Egypt and Italy, and on the development of projects Residential and tertiary real estate in the Baltic and Dubai countries.

In terms of the financial year ended on December 31, 2023, Preatoni Group achieved a total turnover of 76.1 million euros and a gross operating profit (EBITDA) of 24.2 million euros. The two activities “hotel and tourism” and “real estate development” represented 69% and 31% of turnover respectively in 2023.

In the first half of 2024, closed on June 30, 2024, the group achieved a total turnover of 29.1 million euros and an EBITDA of 2.5 million euros.

For Preatoni Group, this rating on Euronext Access + will offer it more visibility with investors, and allows it to increase its notoriety. This entry on the rating will also give it access to new sources of financing to support, in the coming years, its growth strategy and the development of its activities.

Depending on its needs, the company warns that it will be able to call on investors and the market for possible fundraising.

“This rating is an important step for the development of our group, it will allow us to strategically increase our visibility and our notoriety and to have new sources of funding,” comments Patrick Werner, Chairman of the Exatoni Group Management Board.