Wendel: 9m organic sales growth almost 9%

(CercleFinance.com) - Wendel reports 9-month consolidated sales of E5918m, up +14.
6% on a reported basis and +8.9% on an organic basis.

In Q3, Group sales amounted to E1,547m, up 8.8% y-o-y.

Wendel announces that its diluted net asset value (NAV) has risen to E184.5 per share since the beginning of the year.

The first nine months of 2024 have generated strong value creation for our shareholders. Growth in fully diluted Net Asset Value was 13.7%, driven in particular by Bureau Veritas' strong stock market and operating performances, it said.

We will continue to improve our cash flow generation and value creation profile, executing our strategic plan with determination, rigor and financial discipline [...] while also focusing on quality assets for our proprietary business, as evidenced by the recent acquisition of Globeducate, it adds.


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