Elche’s Alzis group has built a diversified portfolio that spans multiple sectors, from wholesale and real estate to pet retail and aviation. One of its most notable moves is its stake in PLD Space, signaling the group’s ambition to achieve landmark milestones in space launch history as the first Spanish company to deploy a rocket into space. In the wake of the pandemic, the group’s travel division, CDV Group, emerged as a central growth engine, reinforcing its recovery strategy and becoming a key driver of revenue alongside its traditional businesses. This renewed momentum positioned the holding company for a rapid expansion in a single business cycle.
Last year, the Coves family conglomerate reported a turnover of 112.3 million euros, up from 58.1 million the year before, reflecting a near doubling of revenue and a 93.17% year-over-year increase. These figures come from the consolidated balance sheets filed with the Trade Registry by the holding’s parent entity, Coves Selva SL. Yet the reported net results show that the group’s profitability tightened, with consolidated earnings falling 17.3% to 2.58 million euros, an impact attributed to inflationary pressures across the group’s diverse holdings. The management noted that higher general costs compressed margins, while aiming to shield consumer purchasing power from price shocks.
According to the executives, 2022 marked a strategic shift in the business model. The Alzis entities reduced profit margins to absorb rising operating costs, ensuring that consumers faced less immediate price pressure while the organization maintained growth—an adaptability that the CEO, José María Coves Selva, highlighted as a source of pride for the entire team.
In terms of growth drivers, a significant portion of the expansion came through CDV Group, a wholesale travel company that already sits under the Alzis umbrella with substantial ownership through Valectra Global, the vehicle used to channel new investments. Travel-related turnover reached 69.8 million euros, up from 29.4 million in the prior year, illustrating the strategic push into the travel sector alongside the broader diversification strategy.
The group has reinforced its commitment to CDV with more than four million euros injected through two capital increases, strengthening management with the appointment of Javier Beas as a key executive. This capital reinforcement supports the continued expansion of the travel arm under Alzis’ broader investment strategy.
Alzis takes over majority ownership of Alicante travel consolidator CDV
Another notable income surge came from the bingo operations, where the Gorrión, Navas, Riscal and Costa Blanca venues in Alicante produced 25.5 million euros in revenue, up from 16 million the previous year. Additional income from recreational machines and other facility concepts added roughly 3.0 million and 0.66 million euros respectively, reflecting the post-pandemic revival of leisure activities.
Alzis’ computer services arm contributed a further 2.8 million euros to turnover. The group owns a 51.6% stake in the technology business orizon, which focuses on optimizing application performance for banks and large enterprises, including CaixaBank and Unicaja. The group added half a million euros to its investment in orizon last year, highlighting a strategic tilt toward tech-enabled financial services.
The holding also highlighted a strengthened supply-chain strategy, with notable leadership changes in consumer services like Oh My Cut!, appointing Monica Perez to oversee overall management and operations.
Predictions
Looking ahead, Alzis officials describe an agenda of efficient and sustainable growth. They emphasize a plan to build on recent initiatives and to ascend further across all Alzis companies, aiming to cement leadership in its core sectors. The CEO, Jaime Rubi Montes, compared the parent company’s strategy to the trajectory of its subsidiary PLD Space, underscoring a shared vision of progress underpinned by disciplined execution.
The holding notes that Valectra Global SCR SA has been fully paid and invested, with the investment vehicle established in 2021 to channel Alzis’ investments having completed its administrative rollout before the National Securities Market Commission in the previous year.
Alzis maintains employment and business despite turnover fluctuations
Beyond travel and entertainment, the group operates in distribution, cosmetics and pet supply chains, including Petsignatures, as well as car parking management. These segments contribute to the business’s overall footprint across multiple regional markets.
During the year, Alzis also restructured its financial holdings by liquidating two SICAVs, Investors VM40 and Gavijosa Finanzas, following regulatory changes implemented by the government.