The Elche group alziswhich brings together the companies of the Coves Selva family that has historically focused its businesses on bingo halls, hospitality and butane distribution and that in recent years has diversified its investments in new sectors, suffered last year the burden caused by one of its investees through his venture capital firm Valeelectra.
The situation of the animal products franchise chain Maskokotas, which operates under the Miscota brandthey have taken the group to search some consolidated losses of 4.1 million euros last yearcompared to the profit of 2.5 million euros in 2022. The group also participates in the hairdressing franchise chain Oh my Cut! and in the CDV travel reservation center.
As the company itself explains in its accounts, “the results have been weighed down by the deterioration of the shares that Valectra Global SCR owns in a franchise of food and other products for animalswhich is expected to improve its profitability in 2024″.
In fact, last year the Elche group improved its business so much that it reached 147 million euros, 40% moreas well as its operating result, which was positive at 1.67 million euros compared to the negative of 1.3 million in the previous year.
A diversified portfolio
In its investment role as family office It covers various companies with growing activities in the areas of technology consulting, travel consolidator, beauty and personal care, leisure and entertainment, rentals, etc. In addition to acting through its capital companies, investing in companies in technology startups either the aerospace firm also from Elche PLD Spaceof which he was one of its first external partners.
However, by income its main activities are travel agencies, which shot up from 69.8 million euros to 107.74 million euros last yearand the bingo halls of 29.1 million euros. The company operates five theaters in the metropolitan area of Alicante, in addition to having a stake in nine other companies in the sector throughout the province. A bet that he maintains, after having acquired a new bingo in San Vicente del Raspeig (Alicante).
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