Business Update - First three months of the 2013/2014 financial year
As well as publishing annual and semi-annual results, Gimv has opted to provide quarterly business updates without publishing full results.
The figures given below cover the period from 1 April 2013 to 30 June 2013. All figures refer to the 'limited consolidation' of Gimv (non-audited figures).
Commentary
Managing Director Koen Dejonckheere, on the activities of the past quarter: “Despite the ongoing difficult macro-economic context, the value of the portfolio grew. Several of our businesses also successfully approached the capital markets once more, in spite of nervousness in the international financial markets.” He adds: “Based on our revised strategy and long-term focus, we have recently entered into a number of new partnerships - on each of our investment platforms – with promising businesses which we intend to offer our full support and guidance on their ambitious growth path. Over the next few months, we assume a continued interesting investment activity.”
Key elements
Equity
- Equity value (group's share) at 30 June 2013: EUR 968.1 million (EUR 40.40 per share), after deduction of the dividend to be paid on 2 August 2013 (EUR 58.7 million or EUR 2.45 per share), compared to EUR 1,011.8 million (EUR 42.22 per share before dividend payment) on 31 March 2013.
Balance sheet (as at 30 June 2013)
- Balance sheet total: EUR 1,063.0 million
- Financial assets: EUR 845.6 million