Bol.com‘s estimated worth is around six billion euros, Swiss investment bank UBS says. Last month, owner Ahold Delhaize announced it wants to take part of its e-commerce subsidiary to the stock exchange next year.
6 billion euros
“We will have to wait until the spring of 2022 for extensive financial information. But based on data from research company Euromonitor and sector peers, we estimate the value of bol.com at six billion euros”, Belgian newspaper De Tijd quotes UBS analyst Sreedhar Mahamkali. This would make the e-commerce platform worth more than, for example, Colruyt Group, a Belgian retail corporation with twice bol.com’s turnover.
Bol.com anticipates a turnover of approximately 5.5 billion euros this year, with a gross profit of between 150 and 170 million euros. Managing Director Margaret Versteden recently stated that she notices a lot of growth potential, especially in sales partners.
Unstable stock market climate
At the Ahold Delhaize investor day in November, CEO Frans Muller already revealed his intention to bring bol.com to the Amsterdam stock exchange during the second half of 2022. The Dutch-Belgian group would, however, retain a majority stake in the company. The capital raised will enable the further growth of the web platform. The CEO wants to invest in increased automation and digitisation and making deliveries more sustainable.
However, the IPO of bol.com is not yet entirely certain. Much will depend on the stock market climate, which has completely turned around. Covid gave the e-commerce industry an incredible boost, but growth seems to have slowed down again in recent months. That is why competitor Coolblue has temporarily stalled its stock exchange plans.