Attica Department Stores shares will be offered to investors at the upper limit of the set price range. The public offering was successfully completed and was oversubscribed by at least 3.5 times.
In recent days, Mr. Papakonstantinou pledged that the company would distribute a dividend equal to 60% of net profits, provided that its performance remains close to 2025 levels.
Based on current data, this translates to an annual dividend payout of over 12 million euros. At the same time, he made it clear that IDEAL Holdings does not intend to reduce its stake after the 180-day lock-up period expires. “Attica’s listing marks the beginning of a new cycle of growth. We believe the company has much more to offer over the next five years,” he said.
Since 2021, Attica Department Stores has been implementing the “Elevation Project” investment program, through which it has invested more than 21 million euros over the past three years. For the period 2026–2030, the development plan calls for investments of 7 million euros annually, with the aim of further strengthening the company’s presence in the premium and luxury retail market.
Growth will come from both the organic expansion of operations and new investments in physical and digital retail outlets.
According to management, the company’s strong financial position was also reflected in its first-quarter 2026 results. Revenue increased by 8% to 53 million euros, comparable EBITDA stood at 3.6 million euros, up 2%, while comparable earnings before taxes (EBT) rose by 7% to 2 million euros. At the same time, the company held net cash and cash equivalents of 12.3 million euros at the end of March.
At the operational level, physical stores welcomed 1.6 million visitors during the first quarter of the year, while the company’s online store recorded a 40% increase in revenue, driven by the continued expansion of its product range.