Wendel closed a positive 2019 in terms of NAV progression. Unfortunately, following the global turmoil induced by the COVID-19 outbreak, its NAV has taken a dive. While the 2019 results were driven by the excellent results at Bureau Veritas, the activities of BV and its other portfolio companies will be certainly affected in the short term due to the current crisis. Wendel’s recent efforts to improve its debt profile and strengthen its liquidity position came at the crucial time.
19 Mar 2020
Ensuring a solid footing for the turmoil ahead
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Ensuring a solid footing for the turmoil ahead
Wendel SE (MF:PAR) | 0 0 1.4% | Mkt Cap: 6,531m
- Published:
19 Mar 2020 -
Author:
Jorge Velandia -
Pages:
3
Wendel closed a positive 2019 in terms of NAV progression. Unfortunately, following the global turmoil induced by the COVID-19 outbreak, its NAV has taken a dive. While the 2019 results were driven by the excellent results at Bureau Veritas, the activities of BV and its other portfolio companies will be certainly affected in the short term due to the current crisis. Wendel’s recent efforts to improve its debt profile and strengthen its liquidity position came at the crucial time.