Greek retail and investment group Ideal Holdings reported record first-half 2026 results on Thursday, with statutory revenue rising 27% year-over-year to €275 million, while shares slipped 2.9% to close at €226.
Comparable EBITDA increased 10% to €28.8 million and comparable net profit grew 18% to €13.4 million, according to the company’s earnings call transcript. Ideal’s Byte Group, which operates the group’s IT and digital businesses, reported revenue of €16.8 million, up 17% year-over-year, with EBITDA climbing 22% to €10.3 million and margins expanding to 15.4% from 14.8% a year earlier.
Attica Department Stores, the group’s retail arm, posted revenue of €113.6 million, a 7% increase, while comparable EBITDA rose 5% to €12.4 million. The segment’s online business revenue grew 27% to €6.8 million, with average receipts increasing from €94.7 to €97.1 and sales productivity reaching €3,530 per square meter. Barba Stathis, another portfolio company, reported revenue just above €70 million, up 8% year-over-year, though EBITDA edged up just 1%.
The company’s stock fell 2.88% to €226, leaving it 46.5% below its 52-week high of €421.75 and 4.8% above its low of €215.6. The group’s P/E ratio stands at 42, while its adjusted market capitalization has more than quadrupled over the past four years, reaching approximately €469 million.
Ideal also outlined a €118 million investment to acquire OHA’s 25% minority stake in its portfolio companies, a move CEO Damianos Papakonstantinou described as reflecting confidence in the group’s future performance. The transaction, expected to close by late September or early October, follows a €57.6 million public offering by Attica in July, which raised €57.6 million at €3.2 per share and was oversubscribed nearly fourfold.
For the full year, Ideal guided for comparable revenue and EBITDA growth of 8% to 10%, with net profit expected to rise 17% to 20%. Byte Group forecast full-year revenue of €115 million to €125 million and EBITDA of €17 million to €18 million, while Attica projected revenue and EBITDA growth of 7% to 9%. The group plans total capital expenditure of around €30 million in 2026, with Barba Stathis accounting for the largest share.
Shareholder returns remain a priority, with €47.6 million returned in H1, equivalent to €0.85 per share and a 13.6% yield based on the average share price. The company expects to distribute 40% to 50% of net profit as dividends if full-year profit exceeds €30 million, implying a payout of €0.25 to €0.30 per share.
