SAFE BAG - RYANAIR RATE WOULD INCREASE MARKET VOLUMES
Safe Bag, a leader in airport baggage protection and tracing service, could be on the stock exchange.
Ryanair has changed the rules for transporting the trolley. Until now, the traveler could decide whether to take the trolley in the cabin or leave it in the hold. In the first case, the cost of the priority boarding was charged, while the hold was at no cost.
Safe.Bag.trolley.jpg To speed up the boarding, the company has created the « priority » offer, based on which the passenger will be able to carry the baggage with him, paying a supplement of six euros.
Without priority, however, he will have to pay for the transport of checked baggage, even if it is a small suitcase.
This decision by the airline, which has 36 million customers in Italy and 128 in Europe, could increase the number of suitcases on board, and therefore the request for safe bag wraps by passengers.
SAFE BAG - Conquer the greek market
Safe Bag, a leader in airport baggage protection and tracing service, in the spotlight at the opening.
The company has entered into a binding agreement to purchase the majority of Care4Bag, a well-established Greek operator in the baggage protection sector and present in Athens and Thessaloniki airports.
Under the contract, Safe Bag will own 60% of the Care4Bag capital.
Safe Bag purchases 60% of Care4Bag
Safe Bag purchases 60% of Care4Bag, a Greek operator in the baggage protection service. The binding agreement was signed with the reference shareholders, Kostas Darivakis, Sotiris Anyfantis and Athanassios Karageorgopoulas. The completion of due diligence is expected by 17 September.
Care4Bag, present in the airports of Athens and Thessaloniki, in 2017, recorded revenues of approximately 1.2 million euro, an EBITDA of approximately 0.21 million euro and a net financial position close to zero.
The value of the transaction will be determined on the basis of a multiple equal to 3 times the adjusted EBITDA 2017, to the state still subject to due diligence, to which will be added the Net Financial Position expected at the Closing. Among other things, an « earn out » of 2021 is envisaged on the condition that it obtains concessions and / or renewals relating to strategic airports.
Safe Bag signs a 7-year contract with RIOgaleão
Safe Bag has signed a 7-year contract for the provision of its integrated services offering for travelers at RIOgaleão – Rio de Janeiro International Airport.
The contract, concluded following a trial period during which the airport and passengers were able to validate the concept and services of Safe Bag,
Safe Bag begins to operate with 3 stores with the option to increase its presence up to 5 stores, following the growth of airport passengers scheduled at the airport in the next 7 years.
LATEST NEWS Safe Bag: growth in turnover and profitability in the first quarter
Safe Bag S.p.A. (Aim Italia – Ticker SB.MI), world leader in baggage protection and tracing services for airport passengers, announces that the Board of Directors, meeting yesterday afternoon, took note of the main economic data related to the Group’s operating performance at March 31, 2018. The Group is growing on turnover and profitability:
– Consolidated revenues at March 31, 2018 reached 7.3 million euros, up 15.9% compared to the same period of 2017, in line with the Business Plan published on June 6, 2017;
– Profitability (EBITDA) at March 31, 2018 reached € 0.8 million, an increase of approximately 14.2% compared to the same period of 2017, in line with the Business Plan published on June 6, 2017.
The above results (of a managerial nature and not subject to audit) do not include the turnover deriving from the « Jorge Chavèz » airport of Lima, where Safe Bag plans to start operations from next July 2018.
« Safe Bag also confirms excellent growth in the first line and high profitability in 2018 – comments Rudolph Gentile, President of Safe Bag – which will allow the company to represent an aggregating hub for the various operators in the sector, especially abroad.
Safe Bag, UBI confirms "buy" and raises the target price
Definitely positive session for Safe Bag, which deals with an increase of 7.10%.
The positive assessment of the UBI Banca analysts contributed to assisting the shares, confirming the « buy » judgment on the stock and revising the target price upwards to 6.44 euros, a price that is compared to 5.38 euros of the current quotes.
Safe Bag guides the top ten of the best SMEs listed on Italy
A golden year for Safe Bag on Aim Italy.
Here are the ten SMEs that have run the most in the Aim list of Piazza Affari
Anyone who has passed through an airport will have surely noticed the machines used to wrap the luggage in a colored ribbon. Safe-Bag, the leading company in this sector, is Italian. It was founded in Gallarate, in the province of Varese 20 years ago. Not only does it offer a luggage packing service but a complete baggage protection package as various types of insurance policies to reimburse the customer in case of loss, delayed delivery or damage. In the last year, the shares of the company listed on the Aim Italia list rose by 431 percent.