Although no specific date has been set, the company highlights that the current market scenario is not the most favorable for making that decision.
Spain.- Grupo Cirsa maintains its plans to go public, although it has not yet set a concrete date to do so. The company continues to evaluate market conditions, as indicated by internal sources to Europa Press. According to these sources, Cirsa has been working on the IPO for a couple of years, but the current market scenario is not the most favorable for making that decision yet.
Although some media had speculated on the possibility of the public offering of shares (IPO) taking place in the first half of 2025, the company has not yet officially confirmed a specific timetable for it.
See also: CIRSA extends the term of a €275m revolving credit by three years
This strategic approach to the stock market reflects Cirsa's desire to strengthen its position in key markets, to use the resources obtained to reduce its liabilities and continue its expansion.
CIRSA recorded in the third quarter of 2024 operating revenues of EUR 531m and an operating profit of EUR 173m, a 9.5 percent increase year-on-year.
«These results confirm the solid growth trend of the company's business thanks to its strategy of focusing on key markets and continuously improving the offer and quality of service, which means exceeding operating revenues by 7.8 percent and operating profit (Ebitda) by 9.5 percent compared to the third quarter of 2023», explained the company.
