The holding company’s H1 release put in evidence the benefits of its broad sector exposure, with the better than expected performance from its Private Banking segment and a timely disposal in Marine Engineering & Contracting leading to a positive group net result despite a challenging first half for many of the HoldCo’s core segments. The dividend proposal and better visibility supports AvH’s more encouraging outlook in H2.
31 Aug 2020
H1: diversification pays off for AvH
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H1: diversification pays off for AvH
Ackermans & van Haaren NV (ACKB:WBO) | 0 0 0.8% | Mkt Cap: 4,897m
- Published:
31 Aug 2020 -
Author:
Jorge Velandia -
Pages:
3
The holding company’s H1 release put in evidence the benefits of its broad sector exposure, with the better than expected performance from its Private Banking segment and a timely disposal in Marine Engineering & Contracting leading to a positive group net result despite a challenging first half for many of the HoldCo’s core segments. The dividend proposal and better visibility supports AvH’s more encouraging outlook in H2.