MILANO (AIMnews.it) - Portobello, founded in 2016 and listed on the AIM Italia market since 13th July 2018 at an IPO price of € 4.40, operates with a business model peculiar to the Italian market through three business units operating in the sectors (i) media & advertising, (ii) B2C and (iii) B2B. The company deals with the resale of advertising space, owned or purchased by third parties, for a monetary fee or alternatively through a barter system. The company has opened and manages 4 retail stores in Lazio (2 of which in Rome), 2 mini-stores (1 in Rome Fiumicino and 1 in Milan Porta Garibaldi) and is owner of an e-commerce channel (www.portobello-club.com). It currently has 25 employees. The company ended 2017 with 10 million euros in revenues, an EBITDA margin of 5.4%, a net profit of 0.3 million and a net cash balance of 0.5 million. Also in the first half of 2018 the results were up sharply, with revenues of 8.2 million, EBITDA margin of 10.4% and net profit of 0.6 million. According to IRTop Research estimates, Portobello is expected to close 2018 with revenues of 19.5 million euros, EBITDA of 2.0 million (EBITDA margin of 10.0%), a net profit of 1.3 million and net cash of 3.0 million. The stock, which capitalises at around 14 million euros, has a multiple EV/ EBITDA 2018 of 5.8x against an average value of 8.5x of the peers considered.