Petr Koblic, CEO of the Prague Stock Exchange, also commented on the possibility of listing in Prague. “The decision to enter the capital market adn the subsequent proclamation of this intention is always purely a matter of a particular company. Over the past few years, we have communicated with dozens of potential candidates to enter the stock exchange,” he told NW Business.
He added that the home exchange is very happy to welcome any new company that will expand the offer for investors. “Whether it is the primary public offer of shares or dual listing. Czech investors have great capital and taste to invest this capital on the domestic market.”
According to SZ sources, the company already has a hired advisor, including the American JP Morgan and is working on the readiness of shares emissions. It was this investment bank CSG that previously assisted in the issue of bonds used to finance the acquisition of the American company Vista Outdoor.
According to Bloomberg sources, the company wants to achieve at least 30 billion euros, or more than 730 billion crowns. When entering the stock exchange, the price of the company usually derives from how many times it exceeds its profit before offsetting interest, taxes and depreciation (EBITDA pointer).
Bigger than CEZ
If the CSG reached the target award of around EUR 30 billion, it would correspond to about 28 times its EBITDA last year’s EBITDA in the amount of EUR 1.1 billion. This is significantly more than some major European arms – such as, british Bae Systems or Italian Leonardo are traded in about 13 to 17 times. on the other hand, the market leader, such as the German Rheinmetall or the Swedish Saab, has multiples over 40.
The main analyst of Patria Finance Tomáš Vlk adds that the market capitalization of 30 billion euros would make CSG a larger company than CEZ energy giant with a market value of around 670 billion crowns.
Notable Growth in 2024 Financial Results
Here’s a comparison of key financial figures between 2023 and 2024, demonstrating ample growth across all metrics.
| Pointer | Year 2024 | Year 2023 | Difference |
|---|---|---|---|
| Net profit | 526.1 million euros | 174.1 million euros | +202 % |
| Consolidated sales | EUR 4 billion | EUR 1.7 billion | +131 % |
| Consolidated operating EBITDA | EUR 1.1 billion | EUR 0.4 billion | +146 % |
| Sales with Kinetic Group for the whole year 2024 | EUR 5.2 billion |
These results highlight a period of strong performance and expansion. The significant increases in net profit, consolidated sales, and operating EBITDA demonstrate positive momentum within the company.