Report
Geoffroy Michalet

Peugeot Invest : Listed portion takes toll on performance in 2022. FY 2022 NAV at € 199.5, down -14% y-o-y (and +4% in H2). Very deep discount of 55% currently

>Uneven performances, but the listed portion undermined NAV - Peugeot Invest reported its full-year results yesterday evening. NAV came in at € 199.5 per share, down 14% y-o-y and up +4% in H2. Gross assets amounted to € 5.9bn and NAV to € 5.0bn.The managed portion of the portfolio (Peugeot 1810) which accounts for 40% of gross assets (or € 2.3bn), and is comprised of the stakes in Stellantis and Forvia, dropped by -23%. Despite a good operating performance from ...
Underlying
FFP
FFP

Societe Fonciere, Financiere ACT is an investment holding company which acts as a long-term investor and an active shareholder. As of Dec 31 2010, Co. held 22.1% of the share capital of PSA Peugeot Citroen. Co. usually purchases minority stakes in companies with a large family shareholding. Co. has a portfolio of private equity funds which operate mainly in Europe and countries with emerging economies. Co. also operates a financial investment and cash management business, as well as a real estate and wine-producing businesses.

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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