Wendel released a strong set of 2021 results with all of the portfolio companies contributing positively to the top line and group operating result. The HoldCo should be well equipped to face external shocks from the volatile geopolitical environment and its ripple effects on the global economy. With the net debt position improving significantly following the completion of the Cromology disposal, Wendel’s solid financial standing and resilient operating outlook are at odds by a widening discount ....
18 Mar 2022
FY21: an upbeat performance at odds with widening discount to NAV
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FY21: an upbeat performance at odds with widening discount to NAV
- Published:
18 Mar 2022 -
Author:
Jorge Velandia -
Pages:
3
Wendel released a strong set of 2021 results with all of the portfolio companies contributing positively to the top line and group operating result. The HoldCo should be well equipped to face external shocks from the volatile geopolitical environment and its ripple effects on the global economy. With the net debt position improving significantly following the completion of the Cromology disposal, Wendel’s solid financial standing and resilient operating outlook are at odds by a widening discount ....