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El Corte Inglés, parent company of Viajes El Corte Inglés, indicates in its brochure that it issues bonds valuing its equity at 8,328 million euros and its debt at 4,399 million euros. In euros, a buyer would have to pay around 4,000 million euros (about 4,500 million dollars) by subtracting from the debt the debt that he should also badume.
The badessment of El Corte Inglés, revealed by journalist Mario Moratalla of OKDiario, would therefore be between 8 and 10 times. ebitda, which in the case of the group, had risen to 1,054 million euros in its last fiscal year, although it is necessary to subtract the debt that El Corte Inglés tries to reduce with the closure in Spain of its least profitable centers (studies El Corte Inglés closing shopping centers that do not work.)
Viajes El Corte Inglés already has 70 offices in Mexico City and 9 in Colombia, as well as 7 in Chile, 4 in Argentina, 3 in Ecuador, Panama, Peru and Uruguay, and 2 in the Dominican Republic, so that it exceeds 100 in all Latin America, as you can see REPORTUR.mx .
Viajes El Corte Inglés is one of the largest travel agency networks in Latin America. , as well as others like Alianxa, Viajes Falabella, Almundo, CIC Travel, Aviatur, Excel Tours, Bestday or Avantrip (Excel Tours negotiates its sale to a Spanish tour group).
annual turnover of 2,533.6 million euros, an increase of 5.7% over the previous fiscal year, while its fiscal year ended in 2017 was completed in February this year with an EBITDA of $ 54.1 million, an increase of 2.3%. As in previous years, revenue exceeded earnings, revealing a further slight decrease in margins ( Viajes El Corte Inglés already has 70 offices in Mexico and 9 in Colombia).
Jesús Nuño de la Rosa, appointed president of El Corte Inglés a few weeks ago, he is also a director of Multiva Financial Group and Grupo Turismo Real, owned by Grupo Empresarial Angeles, the holding company Olegario Vazquez Raña , Carlos Slim intimate. Viajes El Corte Inglés, which owns 11.1% of Grupo Real Turismo, represents an investment valued at 38 million euros (El Corte Inglés adds 11% of Grupo Real Turismo with 41 hotels).
Viajes El Corte Inglés, the second group company in terms of business volume with almost 16% of the total turnover of the company, decided to create its own board of directors, composed of six members and chaired by Jesús Nuño de la Rosa, who will make the post compatible with the president of department stores.
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