Gimv: share up after trading update

(CercleFinance.com) - Gimv's shares are up in Brussels this Tuesday, following a quarterly update in which the Belgian group spoke of the "solid" performance of its portfolio.


At noon, the investment company's share price was up over 2% in a Brussels market that is down 0.7%.

Gimv stated that it generated an economic return on equity of 3.5% in H1 2024/2025, in line with its long-term target.

NAV (intrinsic value) thus stood at E52 per share at end-June.

The group stresses that its portfolio companies are well placed to post potential growth of over 10% in operating profit (Ebitda), a performance it considers to augur well for creating value and growing the net value of its assets.

Gimv, which boasts a cash position of 300 million euros, says it expects a sustained pace of investment in H2 of its financial year, with the aim of growing its portfolio.

The group expects to publish detailed results for H1 2024-25 on 21 November.

YTD, Gimv shares are still down around 8%.


Copyright (c) 2024 CercleFinance.com. All rights reserved.