Although the Q1 NAV performance was weak (-12% versus the December 2021 level), driven by the decline in the Bureau Veritas share price (-10% qoq), Wendel has posted strong top-line growth across all consolidated companies since the start of the year. With a strong liquidity position and relatively low net debt, the HoldCo is well positioned to contend with the current macroeconomic and geopolitical uncertainties and seize potential investment opportunities.
28 Apr 2022
NAV in decline despite solid top-line progression for the portfolio companies
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NAV in decline despite solid top-line progression for the portfolio companies
- Published:
28 Apr 2022 -
Author:
Jorge Velandia -
Pages:
3
Although the Q1 NAV performance was weak (-12% versus the December 2021 level), driven by the decline in the Bureau Veritas share price (-10% qoq), Wendel has posted strong top-line growth across all consolidated companies since the start of the year. With a strong liquidity position and relatively low net debt, the HoldCo is well positioned to contend with the current macroeconomic and geopolitical uncertainties and seize potential investment opportunities.