Bravofly Rumbo Group has announced its intention to be listed on the Swiss stock exchange in the second quarter of the year.
The company, active in the field of Online Travel Agencies and present in 35 countries around the world with the Bravofly, Rumbo, Volagratis and Jetcost brands, aims to raise between 80 and 110 million euros through an opvs (public offer for sale and subscription) . The money will go towards growth for external lines.
Of Italian origin, the company was founded in 2004 by Marco Corradino and Fabio Cannavale and then expanded to France, Spain, Germany and Great Britain. It is currently present in 35 countries and in 14 different languages and in 2013 carried more than 4,5 million passengers.
Bravofly closed 2013 with revenues of 123,2 million euros, up 64% on 2012 and an adjusted gross operating margin of 22,8 million, up 69% on last year. As far as the net financial is concerned, there is a positive balance of 4,5 million euros, an increase compared to 1 million at the end of 2012.
