Iervolino and Lady Bacardi Entertainment SPA (“ILBE”)
announces its admission to trading by direct listing on Euronext Growth in Paris, and becomes the first Italian production company
with a dual listing in Milan and Paris
The secondary listing shows ILBE’s aspiration to attract new investors to participate in the future success of the group, being part of a market that has grown in importance across Europe over the last years
ILBE (Iervolino and Lady Bacardi Entertainment SPA), a global production company listed on Euronext Growth Milan since 2019, is listing its securities on Euronext Growth in Paris via direct admission. The first listing will take place on 12 January 2022 (ISIN: IT0005380602 – Ticker: ALIE).
ILBE, an international standing production company
Founded in Rome in 2011 by Andrea Iervolino and Monika Bacardi, Iervolino & Lady Bacardi Entertainment (ILBE) is a production and co-production company focusing on media content creation and production (including films, TV-shows, web series and more) of international standing, suitable for the young audience of Digital Platforms and attentive to human values.
Since 2018, the company, which majority shareholders are Andrea Iervolino and Monika Bacardi, started to produce movies for the international market, based on the business model used by the main Hollywood Majors, and entered in a new phase of growth.
In 2020 ILBE recorded revenues of €120.7 million, EBIT of €22.8 million and net income of €19.5 million.
With a limited risk business model, and a rich pipe of films and animation under production, ILBE is well positioned to expand into foreign markets and continue its profitable growth.