Wendel seems determined to deliver on its strategic objectives. The family holding company has announced that it has completed the acquisition of 82% of the French leader in digital transformation consultancy, Scalian, and is in the process of selling the flexible packaging manufacturer, Constantia Flexibles. Although the group’s strategic reorientation is well under way, the results remain shaky, with NAV down 3.6% in Q2 and net income from operations down 1.9% yoy.
27 Jul 2023
In the midst of portfolio rotation
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In the midst of portfolio rotation
Wendel seems determined to deliver on its strategic objectives. The family holding company has announced that it has completed the acquisition of 82% of the French leader in digital transformation consultancy, Scalian, and is in the process of selling the flexible packaging manufacturer, Constantia Flexibles. Although the group’s strategic reorientation is well under way, the results remain shaky, with NAV down 3.6% in Q2 and net income from operations down 1.9% yoy.