Wendel : An active year 2023, despite a slight decrease in NAV, dividend +25%
>A very slight decrease in NAV, due to listed companies - For 2023, Wendel published a NAV of € 7.1bn, i.e. € 160 per share, down -4.6% (and -2.7% restated for the dividend). This slight decrease is mainly due to the performance of the side portfolio, as all holdings, BVI, IHS and Tarkett have contributed negatively. Conversely, at a constant portfolio, the companies in the unlisted portfolio grew by +10%.The overall net debt increased slightly (acquisition of Sc...Wendel is an investment company specializing in acquiring long-term holdings in industrial and services companies. Co.'s activities can be divided into six main divisions. Through Bureau Veritas, Co. provides conformity assessment services and certification. Through Stahl, Co. is engaged in high performance coatings and leather finishing products. Through Saint-Gobain, Co. manufactures, transforms and distributes construction materials. Through Legrand, Co. specializes in electrical and digital building infrastructures. Through Deutsch, Co. provides high-performance connectors. Through Materis, Co. provides specialty chemicals for construction.
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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