Alzis has undergone rapid changes in its business mix and strategy, reflecting a shift toward diversified investments and consolidation across its travel, gaming, and wellness subsidiaries. The group has seen notable moves that position it for continued growth, including a diversified stake in CDV Travel and strategic stakes in Orizon, a technology and leisure platform with gym and entertainment assets. The company also expanded its footprint into additional consumer services, with ambitions tied to markets like Spain and beyond. These developments helped the group broaden its revenue base while maintaining a strong focus on core activities, including travel services and entertainment facilities. These dynamics are part of a broader plan that aligns with the family’s long-term ownership and the holding company’s diversification strategy (Citation: Corporate filings and investor communications).
Last year, Alzis launched a mutual fund vehicle to formalize and optimize its investment approach. Valectra Global SCR was introduced to denote a specific class of investment, and through this tool the group increased its stake in CDV Travel to a controlling share of 52.3% under the leadership of Juan Francisco Trasmonte. In the Orizon-led unit, Ángel Pineda secured 50.4% of the shares, bringing the two main entities into the group’s consolidated framework (Citation: Annual report disclosures).
With these investments, Alzis reported a revenue surge, reaching 58.2 million euros, up 126% from the prior period. About 29.4 million euros came from travel agency activities, with an additional 591,000 euros attributable to service provisions linked to this business. Revenue from bingo, amusement machines, and related gaming services contributed 17.6 million euros, continuing to be a major revenue pillar amid ongoing restrictions from the pandemic, whose effects lingered into the following year (Citation: Financial statements).
Alzis preserves jobs and operations despite a 43% turnover reduction
On the flip side, Orizon’s contributions to the group’s consolidated turnover added 3.5 million euros, while income from hires added 1.7 million, sales brokerage of butane contributed 1.17 million, and the Cosmopolitan gym chain delivered 1.2 million more. This uptick in revenue reflected a broader improvement in the group’s activity and helped stabilize the overall financial picture as markets began to recover (Citation: Interim results).
Net profit reached 3.1 million euros, up 76% versus 2020, though the company notes that this figure remains well below pre-pandemic levels by about 58%. The recovery is attributed to ongoing diversification efforts, efficiency measures, and a cautious approach to pricing in a high inflation environment while seeking to preserve leadership across its major sectors (Citation: Earnings release).
Company leadership remains optimistic about the path ahead. The group’s chief executive, Jose Maria Dark Selva, highlighted the support from the diversification strategy and the reaffirmed commitment to investing in people and in the business. He pointed to a relaunch of core brands and the strengthened involvement of Orizon and CDV as key elements of the plan, including expanding the Oh My Cut! hairdresser chain to new locations in Alicante, Valencia, and Barcelona as a signal of growth and resilience (Citation: Management statements).
For 2022, Alzis CEO Jaime Rubythat emphasized the goal of improving service across the group’s varied departments without raising prices, aiming to maintain leadership in its sectors amid ongoing inflationary pressures. The strategy centers on sustaining momentum, delivering reliable service, and expanding footprint through disciplined investment and selective expansion (Citation: Corporate strategy notes).