Brief: Gimv FY Net Loss Group Share Turns To Profit Of EUR 205.7 Mln

Gimv NV

20/05/2021 09:34

May 20 (Reuters) - GIMV NV  GIMV.BR :
    * PORTFOLIO COMPANIES GROW IN 2020 DESPITE A STRONGLY
SHRINKING
ECONOMY: 2% SALES GROWTH AND 4% EBITDA GROWTH
    * DIVIDEND STABLE FOR FY 2020-2021 FINANCIAL YEAR, IN LINE
WITH
GIMV'S DIVIDEND POLICY: EUR 2.50 GROSS (EUR 1.75 NET) PER SHARE
    * FY PORTFOLIO RESULT: EUR 274.8, OR A PORTFOLIO RETURN OF
27%
    * FY EQUITY VALUE (GROUP’S SHARE): EUR 1 274.3 MILLION (EUR
49.0
PER SHARE)
    * FY NET RESULT (GROUP’S SHARE) EUR 205.7 MILLION (EUR 7.9
PER
SHARE)
    * IN FY 2020-2021, WE INVESTED EUR 211.1 MILLION IN 7 NEW
PORTFOLIO COMPANIES AND IN A WHOLE SERIES OF SIGNIFICANT ADD-ON
INVESTMENTS
    * TOTAL CASH PROCEEDS FROM DIVESTMENTS: EUR 265.5 MILLION,
WITH A
REALISED MONEY MULTIPLE OF 3.1X
    * TOTAL AVAILABLE CASH ROSE BY 41% DURING THE PAST FINANCIAL
YEAR
TO EUR 517.5 MILLION, AS AGAINST EUR 368 MILLION AT 31 MARCH
2020
    * FY OPERATING INCOME EUR 331.9 MILLION VERSUS EUR 148.4
MILLION
YEAR AGO
    * FY OPERATING RESULT EUR 232.1 MILLION VERSUS LOSS OF EUR
151.9
MILLION YEAR AGO
    * FY NET PROFIT (SHARE OF THE GROUP) OF EUR 205.7 MILLION
(VERSUS.
A NET LOSS EUR -151.6 MILLION IN FY 2019-2020)

Source text: https://bit.ly/3v642Kr
Further company coverage:  GIMV.BR 

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