Larixon Announces Record Revenue and New Director Appointment
Portfolio - People | Feb 26, 2025 | Aim Group
Cyprus-based Larixon Classifieds reported a 26.2% increase in revenue year-on-year, reaching $8.6 million US for 2024, with a profit margin of 16.9% and an EBITDA of $1.9 million, as shared on their LinkedIn post. The company continues to see growth across its markets and has appointed a new director for its real estate segment, indicating a strategic move to bolster its operations and market presence.
Sectors
- Online Classifieds
Geography
- Cyprus – Larixon Classifieds is based in Cyprus, and its operations and financial growth are pivotal to the region's online commerce sector.
Industry
- Online Classifieds – Larixon Classifieds operates within the online classifieds sector, which is reflected in its revenue growth and strategic leadership changes.
Financials
- $8.6 million – Total revenue for Larixon Classifieds in 2024, reflecting a 26.2% increase year-on-year.
- 16.9% – Profit margin for Larixon Classifieds in 2024.
- $1.9 million – EBITDA for Larixon Classifieds in 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Larixon Classifieds | Target Company | Company | A Cyprus-based company specializing in online classifieds with reported revenue growth and a new strategic appointment. |