Valentino rules out listing in 2016; will look at IPO again in 2017 (translated)
Valentino, the Italian fashion group, will not list in 2016, Italian-language daily Il Sole 24 Ore reported. The report cited CEO Stefano Sassi who said that the conditions were not right for a listing in 2016 because of market instability. The report said that Valentino would look again at a listing in 2017.
The report added that Valentino posted a 48% increase in revenues in 2015 to EUR 987m while EBITDA almost doubled from EUR 98.5m to EUR 180.2m. The item added that EBIT rose from EUR 43m to EUR 104.4m.
Sourced from print copy: page 16
Source Il Sole 24 Ore