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28thlisting of 2023 on Euronext Growth Milan
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54th listing on Euronext in 2023
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Total placement volume of the offering equal to €2.3 million
Milan – 6 November 2023 – Borsa Italiana, part of the Euronext Group, today congratulates Xenia Hotellerie Solution Benefit Corporation on its listing on Euronext Growth Milan.
The company operates in the travel and tourism sector as a hospitality company, with accommodation services and its own hotel company under the brand Phi Hotels. With over thirty years' experience in the hospitality industry, the company provides B2B and B2C services and technology for the hospitality sector, offering innovative and flexible solutions and models to manage supply and demand.
Xenia Hotellerie Solution represents the 28th listing on Borsa Italiana’s market dedicated to small and medium-sized companies and it is the 54th listing of the year on Euronext.
In the placement phase Xenia Hotellerie Solution raised €2.3 million. The free float at the time of admission is 25.44% and the market capitalisation is €9.1 million.
Ercolino Ranieri, Chairman and CEO of Xenia Hotellerie Solution, said: “We are at a new starting point for which we have worked hard, convinced that the listing on Euronext Growth Milan will allow us to be more competitive in the markets, by also increasing the visibility of our brand. We are aware of the challenges ahead of us, for which our commitment and our 30-year experience as a hospitality company will be fundamental. The listing will allow more opportunities for the company, especially at this stage of new tourism market scenarios post-Covid. It is an honour for us to share our goals with such prestigious investors, and this increases our focus even more on strengthening our growth strategy in all our business segments.”
Caption: Ercolino Ranieri, Chairman and CEO of Xenia Hotellerie Solution, rang the bell during the market open ceremony this morning to celebrate the Initial Public Offering of the company.
Xenia S.p.A. B.C.
Xenia Hotellerie Solution S.p.A. Benefit Corporation, founded in the early nineties, operates in Travel&Tourism as a Hospitality Company, through accommodation services and its own hotel company branded Phi Hotels. Thanks to thirty years of experience, a solid organisational structure and a lean and efficient business model, the company is one of the most interesting players in Italy in offering B2B and B2C services in the hospitality segment, in which it is equally involved with services and technologies for supply and demand with innovative and flexible solutions. Xenia is a certified B-Corp and, as a “benefit company”, promotes business models that are always focused on sustainability and the most significant ESG parameters. In the financial year 2022, the company generated revenues of €45.1 million and an EBITDA margin of 8%.