Brief: GBL Q1 Net Result Turns To Loss Of EUR 126 Million

Groep Brussel Lambert NV

05/05/2022 17:29

May 5 (Reuters) - Groep Brussel Lambert NV  GBLB.BR :
    * Q1 GROWTH OF CASH EARNINGS OF + 25% TO EUR 139 MILLION AT
THE
END OF MARCH 2022 VERSUS. MARCH 2021
    * NET DEBT INCREASED FROM EUR 990 MILLION AS OF DECEMBER 31,
2021
TO EUR 1,271 MILLION AS OF MARCH 31, 2022
    * Q1 CONSOLIDATED NET LOSS EUR 126 MILLION VERSUS RESULT EUR
225
MILLION YEAR AGO
    * LIQUIDITY PROFILE AMOUNTS TO EUR 4,162 MILLION AT THE END
OF
MARCH 2022
    * WAR IN UKRAINE AND SANCTIONS: DIRECT REPERCUSSIONS ARE
LIMITED
FOR MOST OF GBL'S PORTFOLIO COMPANIES, BUT INDIRECT EFFECTS
COULD IMPACT THEIR  ACTIVITIES
    * GBL'S NET ASSET VALUE TOTALED EUR 21.3 BILLION AS OF MARCH
31,
2022, EQUATING TO NAV PER SHARE OF EUR 136.10, UP + 4% COMPARED
WITH THE END OF MARCH 2021

Source text: https://bit.ly/3sejPb0
Further company coverage:  GBLB.BR 

 (Gdansk Newsroom)
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