Giglio Group debuts on STAR tomorrow

19 March 2018

The go-ahead from Italian regulatory authority Consob came on 15 March, and today saw the definitive green light from the Borsa. Giglio Group will be the first innovative SME to move onto the main section of the Italian Stock Exchange.

Giglio Group says farewell to the AIM sector with a rally of +6.5%. Between Monday 5 and Friday 16 March, Giglio Group shares quoted on AIM rose by +21%. All due to the STAR effect. And tomorrow the firm will make its debut on the main listing for the best SMEs. The go-ahead from Italian regulatory authority Consob came on 15 March, and today saw the definitive green light from the Borsa.

Giglio Group closed 2017 with a turnover of 78.8 million euros (+129% on 34.5 million in 2016), mainly thanks to the consolidation of the Evolve group – today iBox s.a. – with EBITDA normalised from one-off costs (such as the move to STAR) rising to 8.5 million (from 7.9 million) and a net financial position of 14.8 million (from 14.4 million at the end of September 2017).

Source: https://www.milanofinanza.it

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