Net Asset Value came to €7,397 million or €151.8 per share as of May 23, 2014, a 5.4% rise from €144.0 on March 17, 2014. The discount to NAV was 28.1% as of May 23, 2014.
Since the 2013 annual meeting of shareholders, NAV rose by 22.3%, (€124.1 per share).
(in millions of euros) | 5/23/2014 | 3/17/2014 | ||
Listed equity investments | Number of shares (millions) | Share price (1) | 7,858 | 8,420 |
· Bureau Veritas | 225.2 | €22.4 | 5,041 | 4,618 |
· Saint-Gobain | 65.8 in May 2014 / 89.8 in March 2014 | €42.8 | 2,817 | 3,802 |
Unlisted investments and Oranje-Nassau Développement (2) | 1,783 | 1,757 | ||
Other assets and liabilities of Wendel and holding companies (3) | 185 | 177 | ||
Cash and marketable securities of Wendel & holding companies | 1,447 | 547 | ||
Gross Revalued Assets | 11,272 | 10,901 | ||
Wendel bond debt and accrued interest | (3,747) | (3,767) | ||
Value of puts issued on Saint-Gobain (4) | (128) | (131) | ||
Net Asset Value | 7,397 | 7,004 | ||
Number of shares | 48,733,309 | 48,642,841 | ||
Net Asset Value per share | €151.8 | €144.0 | ||
Average of 20 most recent Wendel share prices | €109.2 | €109.2 | ||
Premium (discount) on NAV | (28.1%) | (24.2%) |
- Average of 20 most recent closing prices, calculated as of May 23, 2014
- Unlisted equity investments (Materis, Stahl, and IHS) and Oranje-Nassau Développement (NOP, Saham, Mecatherm, Parcours, VGG, exceet, and indirect investments) and Kerneos loan
- Including 2,027,988 treasury shares as of May 23, 2014.
- 6,089,778 puts issued (written)
2014 Calendar | |
Publication of first-half 2014 earnings (pre-market release) | Thursday, August 28, 2014 |
Publication of Q3 2014 net sales (pre-market release) | Friday, November 7, 2014 |
Investor day - publication of NAV (pre-market release) | Thursday December 4, 2014 |
About Wendel
Wendel is one of Europe's leading listed investment firms. The Group invests internationally, in companies that are leaders in their field, such as Bureau Veritas, Saint-Gobain, Materis, Stahl and IHS in Africa. Wendel plays an active role as industry shareholder in these companies. It implements long-term development strategies, which involve boosting growth and margins of companies so as to enhance their leading market positions. Through Oranje-Nassau Développement, which brings together opportunities for investment in growth, diversification and innovation, Wendel is also a shareholder of Van Gansewinkel Groep in the Netherlands, exceet in Germany, Mecatherm and Parcours in France, and Saham Group in Africa.
Wendel is listed on Eurolist by Euronext Paris.
Standard & Poor's ratings: Long term: BB+, stable outlook; short term: B since April 24, 2013.
Wendel is the Founding Sponsor of Centre Pompidou-Metz. In recognition of its long-term patronage of the arts, Wendel received the distinction of "Grand Mécène de la Culture" on March 23, 2012.
Press contacts
Christine Anglade-Pirzadeh: +33 (0)1 42 85 63 24
c.angladepirzadeh@wendelgroup.com:
mailto:c.angladepirzadeh@wendelgroup.com
Analyst and investor contacts
Olivier Allot: +33 (0)1 42 85 63 73
o.allot@wendelgroup.com:
mailto:o.allot@wendelgroup.com
http://hugin.info/143616/R/1791273/616109.pdf
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: WENDEL via Globenewswire