Oddo BHF - Institut de Developpement Industriel SCA (IDIP) IDI : Robust NAV at end-June 2023: good portfolio rotation that is set to continue

Report

Oddo BHF

Amira Manai

IDI : Robust NAV at end-June 2023: good portfolio rotation that is set to continue

>NAV at end-June up 12.4% to € 97.7 per share - IDI this morning reported NAV at end-June 2023 of € 97.7 per share, up a strong 12.4% on end-December 2022 (€ 87 after factoring in the dividend) driven mainly by the good performance of the equity stakes owned and the disposal value of Flex Composite Group. All told, NAV came to € 730.7m.9 deals carried out in H1 and 14 deals since January – Investment capacity still robust - In line with recent...

25/09/2023 1 EN

Underlying

Institut de Developpement Industriel SCA

Groupe IDI activity is divided in two areas: through its subsidiaries, EURIDI and Marco Polo Investissements, Co. is engaged in management buy-out/buy-in and growth capital investments in French small-mid caps valued between Euro7,000,000 and Euro75,000,000 also, through its subsidiary, IDI Mezzanine, is engaged in mezzanine financing. Also Co. is active in the purchase of secondary market portfolio.

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FR0000051393 Euronext Paris France

Provider

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.

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Analysts

Amira Manai

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IDI : Robust NAV at end-June 2023: good portfolio rotation that is set to continue

FY23: IDI rewards its shareholders

IDI : ANR en progression de 11.4% sur 2023 - Versement d’un dividende de 5 €

IDI : NAV up 11.4% in 2023 - Payment of a € 5 dividend

France: modest growth, fiscal stability at risk

France : un peu de croissance, pas de stabilité budgétaire

But : Nouvelle émission obligataire avec intégration de Conforama

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