GIMV: share shines after 'solid' H1 results

(CercleFinance.com) - Up over 4%, Gimv shares are standing out in Brussels on Thursday, after its publication of "solid" H1 results, confirming its strategy of value creation through growth.


The Belgian holding company reported earnings of E158m for H1 2023/2024, which ended in September, compared with a loss of E75m in the same period last year.

The group says that it benefited from the strong growth of companies in its portfolio, as well as from capital gains made on divestments, despite market conditions deemed 'difficult'.

At end-September, shareholders' equity stood at 1.4 billion euros, or E51.3 per share, compared with E1.3bn, or E88.2 per share, a year earlier.

Its investment portfolio is estimated at around E1.7bn, for a net cash position of almost E192m.

Income from divestments totaled E67.2m over the past six months, miles ahead of the E5.7m in
H1 2022/2023.

However, its dividend policy remains unchanged, with it intending to continue its current policy.


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