Degroof Petercam - WHITESTONE GROUP (ROCK) (Sponsored) Whitestone Group - H1 2023 Results: Growth across the board

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Degroof Petercam

Joren Van Aken

(Sponsored) Whitestone Group - H1 2023 Results: Growth across the board

Estimated H1 NAV at EUR 13.6. We estimate today's NAV to be EUR 12.9 p/s due to lower peer multiples, implying a discount of 19%New seed investment in recycling of li-ion batteries through BattriAdd-on investments in Probiotic Group and Newtree ImpactStrong performance of GFI despite lower volatility

31/10/2023 1 EN

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WHITESTONE GROUP

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BE0974401334 Euronext Brussels Belgium

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Degroof Petercam

We are an investment house with Belgian roots founded on more than 150 years of trust.

As a private company owned by long-term committed shareholders, we are independent. Naturally and structurally. Our experts have the knowledge to think and act without bias, and to make decisions that benefit our clients. Today and tomorrow.

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Analysts

Joren Van Aken

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(Sponsored) Whitestone Group - H1 2023 Results: Growth across the board

Whitestone Group €70m capital raise at NAV backed by new Alcopa signals investor confidence

Whitestone Group Gold rush fuels GFI's record performance

Whitestone Group Strong 15% NAV growth and a first positive net profit since IPO

(Sponsored) Cabka - Extracting full value from recent investments

EnergyVision - Profitable green energy with a sunny growth outlook

(Sponsored) Fastned - Gearing up for a growth spurt

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