Report
Geoffroy Michalet

Wendel : Q3 NAV: € 180.3m, +13% since the start of the year

>Q3 NAV up +13% since the start of the year, AM on a positive trend - For its Q3, Wendel published a NAV of € 180/share, up +13% since the beginning of the year and 5% since H1 2024. Note that we have not retained the fully-diluted NAV put forward by Wendel, since part of the treasury shares are intended to be potentially used as a bargaining chip with IK Partners in the long term, and not to be cancelled.In terms of listed assets: Bureau Veritas performed well t...
Underlying
Wendel SE

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.

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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