Apollo Group Pursues Stock Exchange Listing with €50M Bond Offering

Apollo Group, a leading entertainment and restaurant operator in the Baltic states, is embarking on a journey to the stock exchange, beginning with a bond issuance of up to €50 million, with the possibility of increasing it to €70 million. The bonds will be listed on the Nasdaq Tallinn Stock Exchange’s Baltic Bond List.

Growth Strategy and Financial Performance

The bond issuance aims to strengthen Apollo Group’s financial independence and capital structure, supporting its ambitious growth plans. According to CEO Toomas Tiivel, the company intends to expand its number of locations from 170 today to approximately 300 over the next five years.

In the 2024/25 financial year, Apollo Group reported consolidated revenue of €227 million, a 6% increase (or €14 million) compared to the previous year. The Group’s consolidated EBITDA reached €40 million, representing a 12% year-on-year increase.

Key Industry Trends and Consumer Behavior

Apollo Group has identified growing customer demand for affordable, high-quality local experiences, such as cinema visits and dining out, as a key trend. The company’s “eatertainment” concept – combining entertainment and dining – aligns with this preference.

Despite economic uncertainty, consumers continue to prioritize affordable leisure activities. This trend has benefited Apollo Group’s diversified portfolio of brands, including Lido, Apollo cinemas, Vapiano restaurants, MySushi, and KFC.

The company notes that the pandemic accelerated existing trends, such as the desire for social experiences, and that demand has now recovered across all segments.

Expansion Plans

Apollo Group has ambitious expansion plans, particularly in Finland, Latvia, and Lithuania. In addition to Vapiano and KFC, the Group plans to introduce other brands to the Finnish market.

Leadership

Toomas Tiivel serves as the CEO of Apollo Group.