PB Holding - Net income of €0.6m in FY22
PB Holding reported unaudited FY22 results on 28 April. The company's most important asset, car insurer Bovemij, in which it has a 5.3% stake, reported FY22 results in early April. Dividends from this participation are the main source of liquidity and income for PB Holding. Apart from regular operating costs of approximately €0.2m on an annual basis for the holding, the company has no large expenses as it has a large tax loss asset and a net cash position of €1.5m. The company wants to have enough liquidity to cover at least two years of expenses of the holding, and we believe that is prudent. At the end of FY22, PB Holding’s book value was €3.61 per share, of which the stake in Bovemij of €3.38 per share is by far the largest part.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.
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.
.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.