Eurazeo: 2016 attributable earnings of 519.7 million euros.
(CercleFinance.com) -
Eurazeo reported 2016 sales that are up +5.
3% at 4,334.1 million euros.
"Over the year, growth was particularly driven by the sound performance of Asmodeus, Elis, Europcar, Fintrax, Les Petits Chaperons Rouges, Moncler, Neovia, Eurazeo Patrimoine and Eurazeo PME. Only Desigual, Novacap and Sommet Education are down" said management.
EBIT adjusted for companies consolidated by global integration before funding costs reached 279.0 million euros, up 11.0%, against 251.3 million euros proforma in 2015. This growth is largely due to Asmodeus, Eurazeo Patrimoine.
Eurazeo made total pre-tax capital gains of 831.6 million euros in 2016, mainly resulting from the partial sales of its investment in Elis and Moncler, and the sale of Foncia for 230 million euros.
Net attributable income reached 519.7 million euros in 2016, in comparison with an historically high 2015 result, which included major capital gains made on disposals.
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