At the upper limit of the set range, the shares of Attica Department Stores will be offered to investors. The public offering process was successfully completed with at least 3.5 times oversubscription.
In recent days, Mr. Papaconstantinou committed that the company will 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 distribution of over 12 million euros. At the same time, he clarified that IDEAL Holdings does not intend to reduce its stake after the expiration of the 180-day lock-up period. "The listing of Attica marks the beginning of a new growth cycle. We believe that the company has much more to offer in the next five years," he stated.
Attica Department Stores has been implementing the investment program "Elevation Project" since 2021, through which it has invested more than 21 million euros over the past three years. For the period 2026-2030, the development plan foresees investments of 7 million euros annually, aiming to further strengthen the company's presence in the premium and luxury retail market.
The growth will come both from the organic expansion of activities and from new investments in physical and digital points of sale.
According to management, the company's strong financial position was also reflected in the results of the first quarter of 2026. Revenue increased by 8%, to 53 million euros, comparable EBITDA amounted to 3.6 million euros, up 2%, while comparable earnings before taxes (EBT) increased by 7%, to 2 million euros. At the same time, the company maintained net cash reserves of 12.3 million euros at the end of March.
At the operational level, the 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, supported by the continuous expansion of the product range.