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Von der Heyden Group reports EBITDA increase of 29% in 2020's pandemic year


TIMAN Investments Holdings Limited, the Von der Heyden Group s holding company and the Von der Heyden Group Finance Plc guarantor, presented consolidated and audited annual accounts for the financial year ended December 31, 2020, reaching a revenue of €23,505,636 despite the global COVID-19 pandemic. The company holds for capital growth and income generation, investments in 37 subsidiaries and associated companies around Europe. 
The Group recorded a strong cash position of €27,905,646 as at December 31, 2020, an increase of €21,587,445 for the previous year end. Given the arduous economic conditions caused by the continuing global pandemic, such a result is highly positive, considering the impact and ramifications of COVID-19 on the Group’s hospitality subsidiary IBB Hotel Collection.  ....

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