Brief: Altamir End-Dec NAV Up At EUR 1.38 Bln

Altamir Sca

10/03/2022 10:22

March 10 (Reuters) - Altamir SCA  ALMP.PA :
    * ANNOUNCED ON WEDNESDAY NEW RECORD-HIGH NAV AS OF 31
DECEMBER
2021: EUR 1,380.5 MLN, OR EUR 37.81/SHARE
    * 22.6% RISE IN WEIGHTED AVERAGE EBITDA, REFLECTING ROBUST
OPERATING PERFORMANCE OF PORTFOLIO COMPANIES
    * IN 2021, NAV PER SHARE ROSE 25.9%, INCLUDING DIVIDEND PAID
IN
MAY, AFTER RISING 13.7% IN 2020 AND 8.9% DURING H1 2021
    * EUR 368.8 MLN INVESTED AND COMMITTED DURING THE YEAR (VS
EUR
113.1 MLN IN 2020), INCLUDING EUR 340.2 MLN IN 18 NEW COMPANIES
    * EUR 636.0 MLN IN TOTAL AND PARTIAL DIVESTMENT PROCEEDS
RECEIVED
DURING THE YEAR (VS EUR 158.9 MLN IN 2020), INCLUDING EUR 572.5
MLN RELATED TO NINE FULL DIVESTMENTS
    * PROPOSED DIVIDEND: EUR 1.13 PER SHARE
    * NET CASH POSITION (STATUTORY STATEMENTS) AS OF 31 DECEMBER
2021
WAS EUR 162.9 MLN (VS EUR 42.2 MLN AS OF 31 DECEMBER 2020)
    * ALTAMIR GÉRANCE CONFIRMS OBJECTIVE TO INVEST EUR 170 MLN
P.A. ON
AVERAGE, INCLUDING FOLLOW-ON INVESTMENTS, AND TO GENERATE
DIVESTMENT PROCEEDS OF EUR 230 MLN P.A. ON AVERAGE OVER NEXT
THREE YEARS, BARRING MAJOR EXTERNAL EVENTS
    * COMPANIES IN PORTFOLIO SHOULD CONTINUE TO PERFORM
FAVOURABLY,
WITH EBITDA EXPECTED TO GROW ORGANICALLY BY AROUND 7% P.A
    * PORTFOLIO IS NOT EXPOSED TO UKRAINE OR TO RUSSIA,
NEVERTHELESS,
CURRENT CONFLICT WILL HAVE IMPACT ON WORLDWIDE ECONOMY AND COULD
WEIGH ON PERFORMANCE AND VALUATION OF COMPANIES IN PORTFOLIO

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nACT73513
 Further company coverage:  ALMP.PA 

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