Brief: Wendel FY Net Income Group Share At EUR 142.4 Mln

Wendel SE

28/02/2024 17:40

Feb 28 (Reuters) - Wendel SE  MWDP.PA :
    * 2023 FULL-YEAR RESULTS
    * 2023 FULL-YEAR RESULTS:GOOD PERFORMANCE OF PORTFOLIO
COMPANIES
    * CONSOLIDATED NET SALES FOR 2023: EUR 7,127.6 MILLION, UP
+5.7%
OVERALL AND UP +6.4% ORGANICALLY YEAR-TO-DATE
    * FY CONSOLIDATED NET INCOME, GROUP SHARE AT EUR 142.4
MILLION
    * NET ASSET VALUE AS OF DECEMBER 31, 2023: EUR 7,118 MILLION
OR
EUR 160.2 PER SHARE
    * FY 2023 EBITDA AMOUNTED TO €204.0 MILLION, UP +5% VERSUS
2022 
    * ORDINARY DIVIDEND OF EUR 4.00 PER SHARE FOR 2023, UP +25%
COMPARED TO 2022
    * OUTLOOK 2024: MID-TO-HIGH SINGLE-DIGIT ORGANIC REVENUE
GROWTH
    * OUTLOOK 2024: IMPROVEMENT IN ADJUSTED OPERATING MARGIN AT
CONSTANT EXCHANGE RATES;
    * OUTLOOK 2024: STRONG CASH FLOW, WITH A CASH CONVERSION7
ABOVE
90%
    * GROUP EXPECTS H2 ORGANIC REVENUE GROWTH ABOVE H1 (WITH
STRONGER
COMPARABLES IN H1)

Source text for Eikon:  ID:nGNE192y0w 
Further company coverage:  MWDP.PA 

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