Brief: GBL End-Sept Net Result Turns To Loss Of EUR 473 Mln

Groep Brussel Lambert NV

03/11/2022 17:55

Nov 3 (Reuters) - Groep Brussel Lambert NV  GBLB.BR :
    * NET ASSET VALUE (“NAV”) PER SHARE OF EUR 112.39, DOWN -
3.6%
COMPARED TO THE END OF JUNE (EUR 116.53) AND - 20% SINCE THE
BEGINNING OF YEAR, WHILE PRIVATE AND ALTERNATIVE ASSETS ARE UP +
2.7% IN THIRD QUARTER, REPRESENTING NAV PER SHARE OF EUR 46.34
AT END OF SEPTEMBER
    * END-SEPTEMBER CONSOLIDATED NET LOSS EUR 473 MILLION VERSUS
PROFIT EUR 291 MILLION YEAR AGO
    * NET DEBT INCREASED FROM EUR 990 MILLION AS OF DECEMBER 31,
2021
TO EUR 3,122 MILLION AS OF SEPTEMBER 30, 2022
    * MONITORING OF CURRENT PORTFOLIO COMPANIES’ ACTIVITIES AND
INTEGRATION OF NEW ACQUISITIONS ARE PRIORITY OF GBL'S TEAMS IN
FOURTH QUARTER
    * IN ABSENCE OF MAJOR EVENTS, GBL EXPECTS TO PAY IN 2023 A
DIVIDEND PER SHARE FOR THE 2022 FINANCIAL YEAR OF EUR 2.75,
STABLE COMPARED TO THE PREVIOUS YEAR

Source text for Eikon:  ID:nNDL6qW5Hv 
Further company coverage:  GBLB.BR 
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