2024-06-06 13:37:17
New breath within the subject of meals desires to carry o Ilias Kakogiannisits founder and CEO Korinthian Mealswhich aspires to be launched throughout the subsequent few months to Most important Market of the Inventory Change.
It’s an introduction, which involves overturn it massive exodus of corporations within the sectorwhich the home capital market skilled within the final 10 years – and past.
The corporate of Ilias Kakogiannis, who at present owns the 100% of the shares, based in 2004 based mostly within the village Salmonsimply outdoors Corinth.
The selection of location isn’t unintentional, because the CEO’s household operated theirs within the space tavern. The friction, subsequently, with focus existed from an early age, as he himself admits in a latest interview.
So, precisely 20 years in the past, he determined to get entangled in his business catering.
The growth of Korinthian Meals
The 2010the elevated immigration flows “gave start” to an awesome alternative for Ilias Kakogiannis, who undertook the primary necessary tasks mmass feeding in hospitality buildings. In 2014, it took the subsequent step, increasing its actions into procurement meals and home items in municipalities and areas.
4 years later he noticed the variety of workers attain their milestone 100 folkswhich allowed him to win increasingly more tenders for public our bodies, corporations, hospitals, universities, army items, hospitality buildings, and many others.
Theodoropoulos: From the shrimps and the croissants to the… door of the Inventory Change
Right now, Korinthian Meals employs 130 workers and maintains a large distribution community all through Greece. The central manufacturing unit is situated in Salmonwhereas a brand new manufacturing facility is being inbuilt the identical space, on privately owned land, which is anticipated to be operational within the coming months.
The funds, which shall be drawn from the entry on the Inventory Change, shall be channeled, amongst different issues, to the financing of the challenge, with a complete funds of seven.5 million euros, which is able to allow the manufacturing of 90,000 prepared meals per day, sixfold the present manufacturing capability ( 15,000 items).
157% soar in income
Primarily based on the monetary outcomes of 2023, that are printed on the corporate’s web site, the annual turnover quantities to twenty-eight.2 million. euro (from 16.0 million in 2022), with the internet revenue to enhance from 2.3 to five.9 million euros (+157%). On the identical time, fairness (7.6 million euros) covers greater than that 90% of whole liabilities and virtually 50% of the overall liabilities.
Additionally of curiosity is the truth that Elias Kakogiannis, via Korinthian Meals, has constructed a place of two,040 shares in Optima Financial institutionwhich is at present valued at 24,000 euros.
Peristeris: The pending deal, the companies and the firepower of 750 million euros
(The above is a product of journalistic analysis and doesn’t represent an invite to purchase, promote or maintain any inventory)