Brief: GBL FY Consolidated Net Result Down At EUR 279 Mln

Groep Brussel Lambert NV

10/03/2022 17:11

March 10 (Reuters) - Groep Brussel Lambert NV  GBLB.BR :
    * 2021 GROWTH IN NAV PER SHARE OF + 13%
    * PROPOSED DIVIDEND OF EUR 2.75 PER SHARE, UP + 10%
    * FY GROWTH IN CASH EARNINGS OF + 8% TO EUR 474 MILLION
    * WE ARE ACTIVELY PURSUING INVESTMENT PROJECTS INVOLVING
QUALITY
PRIVATE ASSETS WITH HIGH GROWTH POTENTIAL - CEO
    * FY CONSOLIDATED NET RESULT EUR 279 MILLION VERSUS EUR 391
MILLION YEAR AGO
    * TO INCREASE RETURNS TO OUR SHAREHOLDERS WITH A PROPOSED
DIVIDEND
INCREASE OF +10%, SHARE BUYBACKS TOTALING 407 MILLION EUROS IN
2021 AND CONTINUED SHARE BUYBACKS IN 2022 - CEO
    * GEOPOLITICAL EVENTS AND THE ENSUING STRONG FINANCIAL
TENSIONS
HAVE LIMITED DIRECT REPERCUSSIONS FOR MOST OF THE COMPANIES IN
GBL'S PORTFOLIO BUT WILL HAVE INDIRECT EFFECTS ON THEIR
ACTIVITIES
    * AS OF DECEMBER 31, 2021, GBL'S NET ASSET VALUE AMOUNTS TO
EUR
22.5 BILLION

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Further company coverage:  GBLB.BR 

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