Malta based investment group reports EBITDA increase of 29%

Malta based investment group reports EBITDA increase of 29% during 2020 to €4.3 million


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Malta based investment group reports EBITDA increase of 29% during 2020 to €4.3 million
Von Der Heyden Group reports consolidated EBITDA increase of 29% to €4.3 million in 2020 end of year financial statements.
Von der Heyden Group
TIMAN Investments Holdings Limited (the “Company”), the Von der Heyden Group’s holding company and the Von der Heyden Group Finance Plc guarantor, presented consolidated and audited annual accounts for the financial year ended 31
st December 2020, reaching a  revenue of EUR 23,505,636 despite the global COVID-19 pandemic.
The Company holds for capital growth and income generation, investments in 37 subsidiaries and associated companies around Europe.
The Group recorded a strong cash position of EUR 27,905,646 as at 31st December 2020, an increase of EUR 21,587,445 for the previous year end. Given the arduous economic conditions caused by the continuing global pandemic, such a result is highly positive, considering the impact and ramifications of COVID-19 on the Groups’ hospitality subsidiary IBB Hotel Collection.

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