Report
Toby Thorrington

PB Holding - H1 operational loss of €0.1m

PB Holding reported H123 results on 27 September. The company's most important asset, car insurer Bovemij, in which it has a 5.3% stake, has already reported H123 results. Apart from regular operating costs of approximately €0.2m on an annual basis for the holding, PB Holding has no large expenses as it has a large tax loss asset and a net cash position of €0.5m following a share buyback after the period end.
Underlying
Stern Groep N.V.

Co. is a holding company. Co. operates dealerships in the general Amsterdam area. Co. operates Mercedes-Benz, Opel/General Motors, Ford, BMW, Chrysler, Fiat, Lancia, Alfa Romeo, land Rover, Volvo and Renault dealerships. Co. also operates Shell and BP fuel stations. Co. also owns bodywork repair shops in the Amsterdam area. Co. also provides automobile leasing services and insurance.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts
Toby Thorrington

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