The holding company which controls #1 Spanish portal company idealista reported growth across the board for the financial year 2019. Among highlights of the report filed by Idealista International were:
Net profit of €37 million. A 156% increase from 2018
EBITDA of €38 million. A 144% increase from 2018
€652,000 paid in taxes. 28% more than 2018
Equity of €149 million compared to €174 in 2018
Idealista also owns and operated the leading property portal in Portal in Portugal as well as the #2 portal in Italy where the company recently bought out two companies that supply software to the estate agent market. The firm has yet to announce any financials related to any period since the onset of the global pandemic in March, but according to El País, has conducted a preliminary study which concluded that the company could suffer from liquidity risks that affect dividends.
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