Wendel slumps as weak dollar in private portfolio weighs on NAV

Wendel SE

31/07/2025 09:17

** Shares in Wendel MWDP.PA fall close to 9%, hit by lower H1 net asset value

** Wendel reports 4% drop in H1 NAV at 7.30 billion euros ($8.35 billion), from 7..61 billion euros a year ago

** Degroof Petercam says NAV is 7% below its estimate of 180.1 euros per share as it "underestimated the FX impact from the dollar in the private portfolio"

** The broker adds the results were hit by mixed results in private assets, with Crisis Prevention Institute and Scalian & Stahl posting weak results

** Shares in Wendel are on track for their worst day since June 22, if losses hold

($1 = 0.8739 euros)

 (Reporting by Mathias de Rozario in Gdansk)

 ((mathias.derozario@thomsonreuters.com;))