IPO candidate Swiss Marketplace Group sees 13-15% revenue growth in 2025
ZURICH, June 30 (Reuters) - Swiss Marketplace Group, which is considering an initial public offering, said on Monday it expects to post revenue growth of about 13-15% in 2025 after logging revenues of around 291 million Swiss francs ($364.39 million) last year.
The company, which operates online marketplaces, is ready to pursue its IPO, according to two people familiar with the matter. A company spokesperson said the process was in its early stages and that no formal decision had yet been made.
SMG, of which media company TX Group holds a stake of 30.7%, said it also forecast adjusted EBITDA margin expansion at a percentage approaching the mid-50s for 2025, up from 48% in 2024.
SMG intends to propose a dividend distribution of about 75 million francs for 2025, to be paid out in 2026.
TX Group founded SMG in 2021 together with insurer Mobiliar, media company Ringier and private equity firm General Atlantic.
($1 = 0.7986 Swiss francs)
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'Food is an output of culture,' Jacob Kenedy, chef patron of Plaquemine Lock ( points out, 'and the food of Louisiana is very symptomatic of where it has come from.' At Plaquemine Lock, Kenedy serves Cajun and Creole cuisine: a melting pot of Louisiana's French, African and American cultures. The restaurant is a love letter to New Orleans (where Kenedy has family) and to his fascination with how 'a truly repugnant period in history — slavery — resulted in a comfortable marriage of cuisines and cultures that permeates everyone's life, everywhere,' he says proudly, pointing out the city's formative influence on jazz and cocktails. Unlike more generic iterations of southern cuisine in the UK, this food feels as nuanced as the walls adorned with family memorabilia and hand-painted Mississippi murals. It is, on the one hand, part of a larger, longstanding trend toward more regionally specific restaurants in London. 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