Report
Geoffroy Michalet

Eurazeo : Q1 NAV: no surprise, resilience of asset management

>NAV: no surprise, slight decline in financial revenues - Based on its methodology, i.e. the six-monthly (and not by quarter) revaluation of its non-listed NAV, i.e. less than 2% of the total, Eurazeo has published Q1 NAV that is close to the last published figure of € 78.4 vs € 80.3 at end-2019. LTV remains slightly negative, with Eurazeo having no structural net debt on its balance sheet. The group has a cash position of € 750m, with the capacity to draw a fur...
Underlying
Eurazeo SA

Eurazeo is a listed investment company in Europe. Co. invests in French or other European companies in which it can exercise influence. Co. divides its operaion in five divisions: Holding company, Eurazeo Capital, Eurazeo PME, Eurazeo Croissance, and Eurazeo Patrimoine. Holding company focuses on investment in non-consolidated fund business; Eurazeo Capital invests in companies valued over Euro150,000,000 to Euro200,000,000; Eurazeo PME invests in enterprises valued at less than Euro150,000,000 to Euro200,000,000; Eurazeo Croissance targets companies with high growth potential in promising markets; and Eurazeo Patrimoine groups Co.'s real estate asset management and investment activities.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Geoffroy Michalet

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