KARO INVEST a.s.

The company $KARIN.PR has published preliminary results for the year 2024, which was the most successful period in the history of the KARO Group. Operating EBITDA increased 170% year-on-year to CZK 96 million and the Group expects further dynamic growth.

Karo Leather $KARIN.PR plans to issue new shares. The purpose of the private placement will be to fully repay the company's non-bank liabilities of CZK 285 million. The only pre-identified bidders will be the company's majority shareholders. Why has the company decided to take this step?