Following a challenging Q1 which saw Wendel’s NAV fall by a third. The valuation of the unlisted assets, which saw a major hit in the midst of the sanitary crisis, have now led the second quarter NAV bounce-back of +17.3%. Recovering valuation multiples and better than expected results on some of the portfolio companies support the positive NAV development and a stronger outlook for H2.
04 Aug 2020
NAV sees an unlisted asset-led bounce-back in Q2
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NAV sees an unlisted asset-led bounce-back in Q2
Wendel SE (MF:PAR) | 0 0 1.4% | Mkt Cap: 6,531m
- Published:
04 Aug 2020 -
Author:
Jorge Velandia -
Pages:
3
Following a challenging Q1 which saw Wendel’s NAV fall by a third. The valuation of the unlisted assets, which saw a major hit in the midst of the sanitary crisis, have now led the second quarter NAV bounce-back of +17.3%. Recovering valuation multiples and better than expected results on some of the portfolio companies support the positive NAV development and a stronger outlook for H2.