Catalan unicorn leads stock market gains in 2023

Catalan unicorn leads stock market gains in 2023

The Catalan unicorn was the absolute earnings leader in Spanish Stock Exchange This is 2023. This is eDreams Odigeo, the Barcelona-based digital travel agency that is among the best-rated startups in Catalonia. Last year, the company led Dana Dunn Its value increased by 94.17%, the best ever among all companies listed in Madrid. However, it is worth noting that the value of each address is still modest compared to the country's big names: the company touched its own cap on December 29, at a price of 7.67 euros per share. In January 2023, the company's trading price was around 4.2 euros.

This has been confirmed by the latest stock market trajectory study conducted by the Instituto Coordenadas de Gobernanza y Economía Aplicada. Vice President of the organization, Jesús SanchezHe points out that Odigeo is one of the most notable stock market successes in recent years in the state. According to the report, the Catalan “is not only the main success of the year, but also the leader of the past five years, with a significant difference from its competitors.” Thus, since the end of the pandemic, DEN is on the verge of recovering a valuation of €1,000 million, with a return on capital of 200% in the last five years. eDreams' development since 2020 has focused on a new business model, the Prime subscription model, which the entity considers “a pioneer in the tourism sector, which has increased its profitability and improved its predictability”, becoming an increasingly secure value for investors. .

Image of one of the screens displaying the price of Ibex-35 on the Madrid Stock Exchange / Eduardo Parra – Europe Press

Tourism emerges from the pandemic

Although tourism sector activity, across its entire value chain, has more than recovered from the blows caused by Covid-19, the value of corporate bonds has not yet reached the ceiling of 2019. But during 2023, the end has seen a particularly accelerating performance of industry champions. of regaining the upward trend. The five companies whose value rose the most in 2023 – including eDreams – are dedicated, in whole or in part, to the world of tourism. The Barcelona technology company was followed by airport infrastructure management company Aena, which jumped almost 40%, to 106 euros per share.

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Below is Amadeus, the technology company founded by several airlines to become a joint tourism planning manager. The company led by Luis Maroto is celebrating a stock increase of close to 34%, already approaching 65 euros per share. The Meliá hotel chain and the airline holding company IAG – the parent company of, among others, Iberia – represent 30% and complete the top 5 values ​​on the stock market with a more pronounced positive trend this year. Thus, the Institute confirms that tourism will end the year 2023 with “excellent” and begin next year as a safe investment. “The tourism industry is positioned as a powerful driver of future growth and an economic pillar,” says Sánchez, “of the country and its entire production system.”

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