Gimv tracks for best day in five years after record FY update

Gimv NV

22/05/2025 08:39

** Shares in Gimv GIMV.BR rise around 6%, tracking for best day since March 2020, after the Belgium-based private equity firm published record results in its full-year update

** Co posted yearly net profit at 219 million euros ($247.84 million), while net asset value came above ING estimates at 53.3 euros per share

** KBC ("buy") says it is "another record year" for Gimv, adds that valuation uplift was driven by strong operational performance, notably in Sustainable Cities and Healthcare divisions

** ING deems the update solid, notices a "NAV a tad higher than expected, underlying companies surprisingly strong"

** Co is well-positioned to accelerate its growth strategy, the broker says, also "pleased to note that the market has started to align with our positive outlook in recent weeks"

** Up to the previous session's close, shares were up 13.5%​ YTD

($1 = 0.8836 euros)

 (Reporting by Olivier Cherfan)

 ((olivier.cherfan@thomsonreuters.com))