Euronext Milan could be facing one of its most impressive odds.
Belongs to Golden goose, Italian brand of luxury sneakers based in Venice, which has chosen the Milan Stock Exchange for a valuation which, from initial forecasts, could correspond to up to 25 times the company's EBITDA.
Specifically, Fitch estimated Golden Goose's 2022 gross operations to be a total value of 131 million euro: a figure that is already impressive in itself, but which becomes dizzying if used to calculate the capitalization in Piazza Affari of the brand, equal to over 3 billion.
If we then consider the closing values of the first half of 2023, the capitalization even seems to increase, a detail that should not surprise us given the revenues for 276,4 million (+21%) and a EBITDA margin of 34,6% for Golden Goose.
Such numbers are only comparable to those achieved by Birkenstock a Wall Street (thanks to Barbie!) or by those registered by the Swiss company On in 2022, following the choice of the famous tennis player Roger Federer as a shareholder and testimonial.
